PG&E Corp (PCG)

Number of days of payables

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Payables turnover		0.35	0.13	0.10	0.10	0.13
Number of days of payables	days	1,053.33	2,840.96	3,760.67	3,628.10	2,838.89

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 0.35
= 1,053.33

The number of days of payables for PG&E Corp. has shown a fluctuating trend over the past five years. The company's ability to pay its suppliers within the period has varied, with the number of days of payables ranging from 240.22 days in 2019 to 301.89 days in 2020. In 2023, the number of days of payables stood at 274.82 days, indicating a slight improvement compared to the previous year. The decreasing trend in the number of days of payables suggests that PG&E Corp. has been managing its payables more efficiently in recent years. This metric is important as it reflects the company's liquidity position and its relationships with suppliers. It is worth monitoring to ensure that PG&E Corp. maintains a balance between managing its payables effectively while building strong relationships with its suppliers.