PG&E Corp (PCG)

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		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	0.13	0.44	0.68	0.59
Number of days of payables	days	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	2,838.89	833.00	534.76	618.08

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 fluctuations over the past eight quarters. In Q4 2023, the company had an average of 274.82 days of payables, which decreased from the previous quarter's figure of 206.50 days. This indicates that PG&E Corp. took longer to pay its suppliers in Q4 2023 compared to Q3 2023.

Looking at the trend over the past two years, there have been periods of both increase and decrease in the number of days of payables. For instance, in Q2 2022, the company had the lowest number of days of payables at 171.42 days, which then increased significantly to 294.31 days in Q3 2022 before gradually declining in the subsequent quarters.

Analyzing the number of days of payables can provide insights into the company's payment practices and liquidity management. A longer number of days of payables may suggest that PG&E Corp. is taking longer to settle its outstanding bills with suppliers, which could potentially strain its relationships with vendors. On the other hand, a shorter number of days of payables may indicate efficient cash flow management.

It is essential for investors and stakeholders to monitor the trend in the number of days of payables to assess PG&E Corp.'s financial health and operational efficiency in managing its payables effectively.