PG&E Corp (PCG)

Number of days of payables

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Payables turnover		0.28	0.35	0.13	0.10	0.10
Number of days of payables	days	1,299.43	1,053.33	2,840.96	3,760.67	3,628.10

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 0.28
= 1,299.43

The number of days of payables for PG&E Corp has shown a fluctuating trend over the past five years. As of December 31, 2020, the company had an average payment period of 3,628.10 days, which increased slightly to 3,760.67 days by the end of 2021. However, there was a significant decrease in the average number of days of payables to 2,840.96 days as of December 31, 2022.

This downward trend continued in the following years, with the number of days of payables dropping to 1,053.33 days by the end of 2023, indicating that PG&E Corp is taking fewer days to pay its creditors. By December 31, 2024, the average payment period had increased to 1,299.43 days, but still significantly lower compared to the previous years.

Overall, the decreasing trend in the number of days of payables suggests that PG&E Corp has been improving its efficiency in managing its payables and liquidity position over the past five years. A lower number of days of payables typically indicates that the company is settling its debts more quickly, which can have positive implications for its financial health and working capital management.