Pinnacle West Capital Corp (PNW)

Number of days of payables

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Payables turnover		6.51	6.69	6.28	5.43	6.03
Number of days of payables	days	56.04	54.52	58.12	67.17	60.54

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.51
= 56.04

The number of days of payables for Pinnacle West Capital Corp has shown some fluctuations over the years. From December 31, 2020, where it was at 60.54 days, it increased to 67.17 days by December 31, 2021. However, in the following years, there was a decreasing trend, with the number of days of payables decreasing to 58.12 days by December 31, 2022, then further dropping to 54.52 days by December 31, 2023. By December 31, 2024, the number of days of payables had slightly increased to 56.04 days but still remained lower than the levels seen in the previous years. Overall, the fluctuation in the number of days of payables may indicate changes in the company's payment policies and relationships with suppliers. The company may have been able to manage its payables more efficiently in the later years compared to the earlier years.