Public Service Enterprise Group Inc (PEG)
Payables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 4,668,000 | 4,939,000 | 4,618,000 | 4,684,000 | 4,829,000 | 4,602,000 | 4,688,000 | 4,854,000 | 7,633,000 | 7,506,000 | 7,090,000 | 6,575,000 | 3,431,000 | 3,083,000 | 3,092,000 | 2,979,000 | 2,959,000 | 2,944,000 | 3,082,000 | 3,353,000 |
| Payables | US$ in thousands | 1,136,000 | 1,121,000 | 980,000 | 1,214,000 | 1,120,000 | 1,050,000 | 958,000 | 1,271,000 | 1,194,000 | 1,214,000 | 956,000 | 1,315,000 | 1,168,000 | 1,146,000 | 984,000 | 1,332,000 | 1,332,000 | 1,135,000 | 1,172,000 | 1,358,000 |
| 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 |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $4,668,000K ÷ $1,136,000K
= 4.11
Public Service Enterprise Group Inc's payables turnover ratio has shown some fluctuations over the past few years. The ratio indicates the company's efficiency in paying off its suppliers.
From December 2019 to March 2021, there was a consistent increase in the payables turnover ratio, reaching its peak at 3.14 in March 2021. This upward trend suggests that the company was managing its payables more efficiently during this period.
However, from June 2021 to December 2023, the payables turnover ratio fluctuated between 2.69 and 4.89. These fluctuations could indicate changes in the company's payment practices or in its relationship with suppliers during this period.
In the most recent periods from December 2023 to December 2024, the payables turnover ratio remained relatively stable, ranging from 3.86 to 4.11. This stability may indicate a more consistent approach to managing payables.
Overall, the payables turnover ratio for Public Service Enterprise Group Inc has shown variability, with periods of improvement and fluctuation. It would be important to further analyze the underlying reasons for these fluctuations to assess the company's efficiency in managing its payables effectively.
Peer comparison
Dec 31, 2024