Pinnacle West Capital Corp (PNW)

Payables turnover

Dec 31, 2024 Sep 30, 2024 Jun 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
Cost of revenue (ttm) US$ in thousands 3,121,101 3,015,818 2,973,336 2,912,993 2,929,219 2,974,971 2,904,279 2,836,584 2,702,908 2,458,440 2,306,588 2,201,866 2,107,524 2,064,980 1,977,242 1,936,794 1,920,632 2,361,929 2,199,755 2,049,435
Payables US$ in thousands 485,426 429,478 548,840 476,629 442,455 404,971 436,808 361,410 430,425 475,362 436,308 343,255 393,083 353,591 377,157 309,145 318,585 288,265 316,230 301,325
Payables turnover 6.43 7.02 5.42 6.11 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

December 31, 2024 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $3,121,101K ÷ $485,426K
= 6.43

The payables turnover ratio measures how efficiently a company manages its payables by comparing the purchases made on credit during a period to the average accounts payable for the same period. Higher payables turnover ratios generally indicate that a company is paying its suppliers quickly.

Looking at the data provided for Pinnacle West Capital Corp, we see that the payables turnover ratio has fluctuated over the quarters, ranging from a low of 5.17 to a high of 8.19. During the last reported quarter, December 31, 2024, the payables turnover ratio was 6.43.

The trend analysis shows some variability in the payables turnover ratio over the quarters, suggesting possible shifts in the company's payment practices or relationship with suppliers. It is important for stakeholders to monitor these changes to assess the company's liquidity management and vendor relationships effectively.