OGE Energy Corporation (OGE)

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		5.67	5.94	5.93	6.71	4.98	7.08	5.94	5.20	9.66	10.43	12.70	9.57	1.37	2.65	2.38	2.33	6.32	8.53	8.84	7.05
Number of days of payables	days	64.37	61.40	61.57	54.42	73.31	51.52	61.41	70.16	37.78	34.98	28.74	38.14	266.08	137.85	153.40	156.60	57.72	42.80	41.30	51.78

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 shown variability over the past eight quarters. In Q4 2023, the number of days of payables increased to 110.66 days compared to the previous quarter, indicating that the company took longer to pay its suppliers. This could be due to various reasons such as changes in purchasing patterns or negotiating different payment terms with vendors.

Comparing Q4 2023 to the same quarter in the previous year (Q4 2022), there was a slight increase in the number of days of payables, suggesting a potential shift in the company's working capital management strategies.

Overall, Oge Energy Corp.'s number of days of payables has fluctuated within a range over the past eight quarters, indicating a need for further analysis to understand the company's payment practices and their impact on cash flow and relationships with suppliers.