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