Public Service Enterprise Group Inc (PEG)

Number of days of payables

Dec 31, 2024 Sep 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 Dec 31, 2019
Payables turnover 4.11 4.41 4.71 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
Number of days of payables days 88.83 82.84 77.46 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

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 4.11
= 88.83

The number of days of payables for Public Service Enterprise Group Inc has shown fluctuations over the period of observation.

From December 31, 2019, to September 30, 2021, the number of days of payables remained comparatively stable, ranging between 116.16 days to 164.31 days. This indicates that the company was taking approximately between about 116 to 164 days to pay off its suppliers or vendors during this period.

However, there was a significant decrease in the number of days of payables starting from December 31, 2021, where it dropped to 73.00 days. This was followed by a further decrease to 49.22 days by March 31, 2022. This suggests that the company started paying off its payables more quickly during this time, possibly to take advantage of early payment discounts or to improve supplier relationships.

Subsequently, the number of days of payables slightly increased to 88.83 days by December 31, 2024. This could imply a shift back to a more normalized payment schedule or a change in the company's working capital management practices.

Overall, analyzing the trend in the number of days of payables can provide insights into Public Service Enterprise Group Inc's liquidity position and payment practices, helping stakeholders evaluate the company's financial health and management of its working capital.