OGE Energy Corporation (OGE)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,738,200 | 1,567,300 | 2,235,100 | 2,647,000 | 1,917,800 |
| Payables | US$ in thousands | 305,700 | 276,400 | 448,900 | 274,000 | 251,500 |
| Payables turnover | 5.69 | 5.67 | 4.98 | 9.66 | 7.63 |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $1,738,200K ÷ $305,700K
= 5.69
The payables turnover ratio of OGE Energy Corporation has shown fluctuations over the years. In December 31, 2020, the company had a payables turnover of 7.63, indicating that it took approximately 7.63 times to pay off its accounts payable during that period.
This ratio improved in December 31, 2021, reaching a value of 9.66, suggesting that the company managed to pay off its accounts payable more efficiently than the previous year. However, there was a notable decrease in the payables turnover ratio in December 31, 2022, dropping to 4.98.
In the following years, the company's payables turnover ratio slightly increased to 5.67 in December 31, 2023 and 5.69 in December 31, 2024. Overall, while there have been fluctuations in the payables turnover ratio, it is essential for the company to monitor and manage its payables effectively to maintain healthy cash flow and supplier relationships.
Peer comparison
Dec 31, 2024