PG&E Corp (PCG)
Payables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,095,000 | 471,000 | 343,000 | 300,000 | 324,000 |
| Payables | US$ in thousands | 3,160,000 | 3,666,000 | 3,534,000 | 2,982,000 | 2,520,000 |
| Payables turnover | 0.35 | 0.13 | 0.10 | 0.10 | 0.13 |
December 31, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $1,095,000K ÷ $3,160,000K
= 0.35
The payables turnover ratio for PG&E Corp. has shown some fluctuation over the past five years. The ratio indicates the number of times a company pays off its accounts payable during a period.
From 2019 to 2020, there was a significant decrease in the payables turnover ratio, suggesting a longer period taken by PG&E Corp. to pay off its accounts payable. This might indicate a change in payment terms or a delay in settling obligations.
However, from 2020 to 2021, there was a slight improvement in the payables turnover ratio, indicating a better ability to manage payables efficiently.
Between 2021 and 2022, the ratio remained relatively stable, showing consistency in managing accounts payable.
In the latest year, 2022 to 2023, there was a slight increase in the payables turnover ratio, which could be a positive sign of quicker payments to suppliers or a more efficient management of accounts payable.
Overall, fluctuations in the payables turnover ratio for PG&E Corp. suggest changes in the company's payment practices and management of supplier credit, which could impact its liquidity and relationships with suppliers.
Peer comparison
Dec 31, 2023