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.


Peer comparison

Dec 31, 2023