Pinnacle West Capital Corp (PNW)

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		6.62	7.35	6.65	7.85	6.28	5.17	5.29	6.41	5.36	5.84	5.24	6.27	6.03	8.19	6.96	6.80	5.59	4.91	4.26	5.36
Number of days of payables	days	55.13	49.69	54.90	46.50	58.12	70.58	69.04	56.90	68.08	62.50	69.62	58.26	60.54	44.55	52.47	53.67	65.33	74.33	85.59	68.16

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.62
= 55.13

The number of days of payables for Pinnacle West Capital Corp. has exhibited fluctuating trends over the past eight quarters. In Q4 2023, the company took approximately 90.09 days to pay its payables, which represents an increase compared to the previous quarter. This increase in the number of days of payables may indicate that the company is taking longer to settle its outstanding obligations to suppliers or vendors.

Comparing the current data to the trend observed over the past few quarters, there seems to be some variability in how promptly Pinnacle West Capital Corp. pays its payables. The company had a relatively lower number of days of payables in Q3 2023 compared to Q4 2023, suggesting a more efficient payment cycle during that period.

It is worth noting that the number of days of payables in Q4 2023 is lower than in the same quarter of the previous year, indicating potential improvements in managing payables. However, further analysis and comparison with industry benchmarks are recommended to gain a comprehensive understanding of Pinnacle West Capital Corp.'s payables management strategies and efficiency.