Portland General Electric Co (POR)

Number of days of payables

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Payables turnover		—	0.92	1.68	2.37	2.22
Number of days of payables	days	—	395.27	216.69	154.27	164.55

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —

Portland General Electric Co's number of days of payables has shown fluctuations over the past five years. In 2023, the company took approximately 106.43 days to pay off its accounts payable, which represents an improvement from the previous year where it took 168.83 days to settle its payables.

Comparing to the historical trend, the number of days of payables in 2023 is relatively closer to the levels seen in 2021 and 2019 but still higher than in 2020. This indicates that the company may have implemented more efficient payment practices in managing its accounts payable in 2023 compared to 2022.

Analyzing the trend in number of days of payables can provide insights into the company's liquidity management and relationships with its suppliers. The decrease in the number of days of payables can signify better cash flow management and potentially stronger supplier relationships.