NewJersey Resources Corporation (NJR)

Number of days of payables

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Payables turnover		0.16	0.11	0.14	0.14	0.15	0.11	0.72	1.51	1.11	0.84	0.64	0.09	0.11	0.08	-12.24	-11.32	-5.61	0.18	16.67	19.72
Number of days of payables	days	2,259.37	3,255.00	2,613.87	2,617.03	2,385.43	3,398.85	506.29	242.40	329.66	435.92	573.67	3,959.26	3,434.69	4,455.06	—	—	—	2,003.86	21.89	18.51

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 0.16
= 2,259.37

To calculate the number of days of payables for New Jersey Resources Corporation, we need the accounts payable balance and the cost of goods sold for each quarter. Unfortunately, the table provided lacks this specific data.

The number of days of payables is a crucial metric that measures how long on average a company takes to pay its suppliers or vendors. A lower number of days indicates that the company is paying its creditors more quickly, which can be advantageous in terms of maintaining good relationships with suppliers. On the other hand, a higher number of days could suggest that the company is using its accounts payable as a source of financing, potentially indicating liquidity or cash flow issues.

Without access to the necessary financial information, a comprehensive analysis of New Jersey Resources Corporation's number of days of payables cannot be provided at this time.