PG&E Corp (PCG)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 982,000 | 1,095,000 | 471,000 | 343,000 | 300,000 |
| Payables | US$ in thousands | 3,496,000 | 3,160,000 | 3,666,000 | 3,534,000 | 2,982,000 |
| Payables turnover | 0.28 | 0.35 | 0.13 | 0.10 | 0.10 |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $982,000K ÷ $3,496,000K
= 0.28
PG&E Corp's payables turnover ratio has shown some fluctuation over the years. It remained constant at 0.10 in both December 31, 2020, and December 31, 2021. There was a slight increase to 0.13 in December 31, 2022, indicating a potential improvement in the company's ability to pay off its payables. However, a significant jump to 0.35 in December 31, 2023, suggests a more efficient management of its accounts payable. The ratio then decreased to 0.28 in December 31, 2024, but it still remained higher than the initial values, indicating a positive trend in managing payables. Overall, the increasing trend in the payables turnover ratio showcases an enhancement in PG&E Corp's efficiency in paying off its obligations to suppliers or creditors over the years.
Peer comparison
Dec 31, 2024