PG&E Corp (PCG)
Payables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 982,000 | 787,000 | 937,000 | 1,026,000 | 1,095,000 | 897,000 | 688,000 | 567,000 | 471,000 | -736,000 | -387,000 | -22,000 | 343,000 | 1,505,000 | 4,600,000 | 7,236,000 | 9,624,000 | 9,436,000 | 5,964,000 | 2,760,000 |
| Payables | US$ in thousands | 3,496,000 | 3,137,000 | 3,045,000 | 2,991,000 | 3,160,000 | 3,494,000 | 3,141,000 | 3,075,000 | 3,666,000 | 3,597,000 | 3,751,000 | 3,203,000 | 3,534,000 | 3,352,000 | 2,903,000 | 2,849,000 | 2,982,000 | 3,475,000 | 4,030,000 | 2,550,000 |
| 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 |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $982,000K ÷ $3,496,000K
= 0.28
PG&E Corp's payables turnover has shown fluctuations over the reported periods. The ratio ranged from a low of -0.20 to a high of 3.23. A higher payables turnover ratio generally indicates that the company is paying off its suppliers more quickly, which can be seen as a positive sign in terms of efficiency and liquidity. Conversely, a lower ratio may suggest that the company is taking longer to pay its suppliers, which could potentially strain relationships or indicate liquidity issues. It is essential to assess the trend of the payables turnover ratio over time to gain a deeper understanding of PG&E Corp's management of its accounts payable and supplier relationships.
Peer comparison
Dec 31, 2024