Public Service Enterprise Group Inc (PEG)
Payables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 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 | 3,441,000 | 3,547,000 | 3,756,000 |
| Payables | US$ in thousands | 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 | 1,244,000 | 1,153,000 | 1,135,000 |
| 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 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $4,684,000K ÷ $1,214,000K
= 3.86
The payables turnover ratio measures how efficiently a company pays its suppliers by comparing the amount of purchases made on credit to the average accounts payable during a period. A higher turnover ratio generally indicates that the company is paying its suppliers more frequently, which can be a sign of good liquidity management.
Based on the data provided for Public Service Enterprise Group Inc., we observe fluctuations in the payables turnover ratio over the past eight quarters. In Q4 2023, the payables turnover ratio stands at 2.69, which is lower than the ratios recorded in the previous three quarters (Q3 2023: 3.14, Q2 2023: 3.52, Q1 2023: 4.02). This indicates that the company took longer to pay its suppliers in Q4 2023 compared to the preceding periods.
Comparing with the same quarter of the previous year, Q4 2022 (3.16), the payables turnover ratio in Q4 2023 has decreased. However, when looking at the trend over the past eight quarters, it is important to note that there have been fluctuations in the payables turnover ratio, indicating potential variability in the company's payment practices.
Further analysis of the reasons behind these fluctuations, such as changes in the company's payment terms, supplier relationships, or operational activities, would provide a more in-depth understanding of the dynamics influencing Public Service Enterprise Group Inc.'s payables turnover performance.
Peer comparison
Dec 31, 2023