OGE Energy Corporation (OGE)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 5.69 | 5.67 | 4.98 | 9.66 | 7.63 | |
| Number of days of payables | days | 64.19 | 64.37 | 73.31 | 37.78 | 47.87 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.69
= 64.19
The number of days of payables for OGE Energy Corporation has shown fluctuations over the years based on the data provided.
- On December 31, 2020, the company took approximately 47.87 days to pay its bills to suppliers.
- By December 31, 2021, this number decreased to about 37.78 days, indicating a more efficient management of payables within a shorter period.
- However, there was a significant increase in the number of days of payables to 73.31 days by December 31, 2022, suggesting potential delays in settling obligations to suppliers.
- The trend continued with a slight decrease to 64.37 days on December 31, 2023, and a similar figure of 64.19 days on December 31, 2024, indicating a relatively stable situation regarding payables management in those years.
Overall, monitoring the days of payables is crucial for assessing the efficiency of OGE Energy Corporation's working capital management and its relationships with suppliers. The company should aim to strike a balance between extending payables to improve cash flow and maintaining good supplier relationships by timely settling obligations.
Peer comparison
Dec 31, 2024