OGE Energy Corporation (OGE)

Payables turnover

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
Cost of revenue (ttm) US$ in thousands 1,738,200 1,661,700 1,633,600 1,607,600 1,567,300 1,675,100 2,001,800 2,197,200 2,235,100 2,123,100 1,765,800 1,565,500 2,647,000 2,540,600 2,410,800 2,342,700 345,000 326,200 343,100 366,400
Payables US$ in thousands 305,700 269,800 256,800 211,900 276,400 281,800 337,700 327,600 448,900 299,700 297,100 300,900 274,000 243,500 189,800 244,800 251,500 123,200 144,200 157,200
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

December 31, 2024 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,738,200K ÷ $305,700K
= 5.69

The payables turnover ratio for OGE Energy Corporation has fluctuated over the period from March 31, 2020, to December 31, 2024. The ratio indicates how efficiently the company is managing its trade payables by measuring how many times a company pays its average accounts payable balance during a period.

The payables turnover ratio shows an increasing trend from the beginning of the period, reaching a peak of 12.70 as of June 30, 2021. This indicates that the company was paying off its trade payables more frequently during that period. However, there was a significant decline in the ratio by December 31, 2021, dropping to 9.66, suggesting a potential change in the company's payment practices or the timing of payables.

Subsequently, from March 31, 2022, to December 31, 2024, the payables turnover ratio remained relatively stable, ranging between 4.98 and 7.59, indicating a consistent but moderate level of efficiency in managing payables during this period.

Overall, the analysis of OGE Energy Corporation's payables turnover demonstrates varying levels of efficiency in managing trade payables over the years, with notable fluctuations and some stability in recent periods. It would be essential for stakeholders to monitor this ratio to assess the company's payment practices and its relationship with suppliers.