PG&E Corp (PCG)
Number of days of payables
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 0.28 | 0.25 | 0.31 | 0.34 | 0.35 | 0.26 | 0.22 | 0.18 | 0.13 | -0.20 | -0.10 | -0.01 | 0.10 | 0.45 | 1.58 | 2.54 | 3.23 | 2.72 | 1.48 | 1.08 | |
| Number of days of payables | days | 1,299.43 | 1,454.90 | 1,186.15 | 1,064.05 | 1,053.33 | 1,421.75 | 1,666.37 | 1,979.50 | 2,840.96 | — | — | — | 3,760.67 | 812.94 | 230.35 | 143.71 | 113.10 | 134.42 | 246.64 | 337.23 |
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 some fluctuations over the years. As of December 31, 2024, the number of days of payables stood at 1,299.43 days. This indicates that on average, PG&E Corp takes approximately 1,299 days to pay off its creditors.
Throughout the period from March 2020 to June 2024, there were significant changes in the number of days of payables. The metric ranged from a low of 113.10 days on December 31, 2020, to a high of 3,760.67 days on December 31, 2021.
It is important to note that a high number of days of payables may suggest that PG&E Corp is taking an extended period to settle its outstanding bills, which could potentially strain relationships with suppliers. On the other hand, a low number of days of payables may indicate efficient management of payables but could also mean a lack of flexibility in payment terms.
Overall, analyzing the trend in the number of days of payables can provide insights into PG&E Corp's liquidity position, operational efficiency, and relationships with its suppliers.
Peer comparison
Dec 31, 2024