Public Service Enterprise Group Inc (PEG)

Number of days of payables

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Payables turnover		3.86	4.31	4.38	4.89	3.82	6.39	6.18	7.42	5.00	2.94	2.69	3.14	2.24	2.22	2.59	2.63	2.47	2.77	3.08	3.31
Number of days of payables	days	94.60	84.66	83.28	74.59	95.57	57.10	59.03	49.22	73.00	124.26	135.68	116.16	163.20	164.31	140.72	138.80	147.83	131.96	118.65	110.30

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 3.86
= 94.60

Public Service Enterprise Group Inc.'s number of days of payables has shown fluctuations over the past eight quarters. In Q4 2023, the company had an average of 135.92 days to pay its liabilities, which was significantly higher compared to the previous quarter at 116.37 days. This suggests that the company took longer to settle its payables in Q4 2023.

Furthermore, Q4 2023 also marked an increase in the number of days of payables compared to the same quarter in the previous year, where it stood at 115.46 days. This indicates a potential shift in the company's payment pattern towards extending its payables cycle.

Overall, the trend in the number of days of payables for Public Service Enterprise Group Inc. demonstrates variability in the company's ability to manage its payment obligations efficiently over the quarters under review. Further analysis would be required to understand the factors driving these fluctuations and their implications on the company's financial health and liquidity position.