OGE Energy Corporation (OGE)

Payables turnover

		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
Cost of revenue (ttm)	US$ in thousands	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	1,232,400	1,355,800	1,339,900	1,368,100
Payables	US$ in thousands	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	194,900	159,000	151,600	194,100
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

December 31, 2023 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,567,300K ÷ $276,400K
= 5.67

Oge Energy Corp.'s payables turnover ratio has exhibited fluctuating trends over the past eight quarters. The company's payables turnover ratio, a measure of how efficiently the company manages its supplier payments, decreased from 3.70 in Q4 2022 to 3.44 in Q1 2022. However, it then saw an increasing trend, reaching a peak of 4.91 in Q1 2023. In the last reported quarter, Q4 2023, the payables turnover ratio stood at 3.30.

Overall, Oge Energy Corp.'s payables turnover ratio has shown some volatility, indicating variations in the company's payment practices and interactions with suppliers. A higher payables turnover ratio suggests that the company is paying its suppliers more frequently or quickly, which can be a sign of strong liquidity and good supplier relationships. Conversely, a lower ratio may indicate potential cash flow constraints or inefficiencies in managing payables.

Further analysis and comparison with industry benchmarks or historical data could provide additional insights into Oge Energy Corp.'s payment cycle efficiency and supplier management strategies.