OGE Energy Corporation (OGE)

Number of days of payables

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Payables turnover 5.69 6.16 6.36 7.59 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
Number of days of payables days 64.19 59.26 57.38 48.11 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

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 some fluctuations over the periods indicated. The company's ability to pay its suppliers within a certain period is reflected in this ratio. From March 31, 2020, to June 30, 2021, the number of days of payables decreased steadily, indicating an improvement in the company's efficiency in paying its suppliers. However, from December 31, 2021, to March 31, 2022, there was a significant increase in the number of days of payables, suggesting a potential delay in payment to suppliers during that period.

Subsequently, the ratio fluctuated but generally remained within a reasonable range, hovering between 48.11 days to 73.31 days during the years 2022 to 2024. This indicates that OGE Energy Corporation maintained a relatively stable payment cycle with its suppliers during this period. Overall, the trend in the number of days of payables for OGE Energy Corporation reflects variations in the company's management of its payment obligations to its suppliers.