NRG Energy Inc. (NRG)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 12.71 | 8.08 | 10.06 | 10.08 | 10.11 | |
| Number of days of payables | days | 28.71 | 45.18 | 36.29 | 36.22 | 36.09 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.71
= 28.71
The number of days of payables for NRG Energy Inc. has fluctuated over the past five years. As of December 31, 2023, the company took approximately 31.69 days to pay its suppliers, showing an improvement compared to the previous year. In 2022, the number of days increased to 48.43 days, indicating that the company was taking longer to settle its payables. The trend in 2021 also showed an increase to 39.19 days compared to 2020 when it was 36.22 days. The number of days of payables remained relatively stable in 2019 at 36.09 days. Overall, the trend suggests that NRG Energy Inc. has managed to reduce the number of days it takes to pay its suppliers in recent years, which could positively impact its working capital management and cash flow. However, further analysis is required to understand the specific factors driving these changes in payables turnover.
Peer comparison
Dec 31, 2023