Public Service Enterprise Group Inc (PEG)

Number of days of payables

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Payables turnover		3.86	3.84	5.56	2.30	2.51
Number of days of payables	days	94.58	95.14	65.65	158.83	145.44

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 3.86
= 94.58

The trend in Public Service Enterprise Group Inc.'s number of days of payables over the past five years shows fluctuations. The number of days of payables decreased from 147.00 days in 2019 to 115.46 days in 2022, indicating an improvement in managing payables. However, there was an increase to 135.92 days in 2023, suggesting a lengthening of the company's payment cycle compared to the previous year. Overall, there seems to be some variability in how efficiently the company is managing its payables, and further analysis is needed to understand the factors driving these changes.