OGE Energy Corporation (OGE)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 5.67 | 4.98 | 9.66 | 7.63 | 6.34 | |
| Number of days of payables | days | 64.37 | 73.31 | 37.78 | 47.87 | 57.53 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.67
= 64.37
The number of days of payables for Oge Energy Corp. has fluctuated over the past five years based on the data provided.
In 2023, Oge Energy Corp. took approximately 110.66 days to pay its payables, indicating a significant increase compared to the previous year.
In 2022, the number of days of payables decreased to 98.56 days, suggesting that the company managed its payables more efficiently compared to 2021.
In 2021, the company was able to extend its payment period significantly to 47.01 days, potentially improving cash flow and liquidity management.
In 2020, the number of days of payables increased to 142.41 days, indicating that Oge Energy Corp. took a longer time to pay its obligations compared to the previous year.
In 2019, the company's number of days of payables was 90.40 days, showing a moderate payment period compared to the other years.
Overall, the trend in the number of days of payables for Oge Energy Corp. shows variability, with the company managing its payables differently each year. Further analysis and consideration of industry standards would be necessary to assess the effectiveness of Oge Energy Corp.'s payables management strategy.
Peer comparison
Dec 31, 2023