Ormat Technologies Inc (ORA)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 6.32 | 10.09 | 9.03 | 5.66 | 6.51 | |
| Number of days of payables | days | 57.78 | 36.17 | 40.42 | 64.46 | 56.10 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.32
= 57.78
Ormat Technologies Inc's number of days of payables has fluctuated over the past five years. In 2023, the company took an average of 90.83 days to pay its trade payables, which is a significant increase from the previous year's average of 60.83 days. This indicates that Ormat Technologies took longer to settle its outstanding payables in 2023 compared to 2022.
Looking further back, in 2021 and 2020, the number of days of payables was 68.80 days and 64.46 days, respectively. These figures show a slight increase in the time taken to settle payables compared to the year 2019 when the company took 56.10 days on average to pay its trade payables.
The trend of increasing number of days of payables may suggest a shift in Ormat Technologies' payment practices or changes in the company's relationship with its suppliers. It's crucial to monitor this trend over time to assess the company's liquidity management and supplier relationships.
Peer comparison
Dec 31, 2023