Ormat Technologies Inc (ORA)

Number of days of payables

		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
Payables turnover		5.50	—	—	—	8.77	—	—	—	7.78	—	—	—	5.66	—	—	—	6.51	—	—	—
Number of days of payables	days	66.36	—	—	—	41.60	—	—	—	46.93	—	—	—	64.46	—	—	—	56.10	—	—	—

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.50
= 66.36

The number of days of payables for Ormat Technologies Inc in Q4 2023 was 90.83 days, which represents a significant increase compared to 60.83 days in Q4 2022. This suggests the company is taking longer to pay its suppliers and vendors in the most recent period. The lack of data for previous quarters makes it difficult to analyze any trends or patterns in the payment behavior of the company. It is important for Ormat Technologies Inc to closely monitor and manage its payables to maintain good relationships with its suppliers and optimize its working capital management.