Portland General Electric Co (POR)

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		—	2.24	1.84	1.67	0.90	1.49	2.20	2.48	1.70	2.00	1.95	1.89	2.37	2.50	2.68	2.84	2.21	2.95	2.97	3.83
Number of days of payables	days	—	163.29	198.69	219.18	403.89	244.18	165.59	147.22	215.12	182.96	186.79	192.67	154.27	146.21	136.24	128.35	165.00	123.60	123.05	95.28

December 31, 2023 calculation

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

The number of days of payables for Portland General Electric Co has fluctuated over the past eight quarters. In Q4 2023, the company had an average of 106.43 days to pay its suppliers, showing an increase compared to the previous quarter. This suggests that the company took longer to settle its payables in the most recent quarter.

Comparing year-over-year data, there has been a downward trend in the number of days of payables. Q4 2023 had a significantly lower number of days of payables compared to Q4 2022, indicating an improvement in the company's payable management efficiency over the year.

It is crucial for the company to carefully monitor its number of days of payables to ensure an optimal balance between managing cash flow and maintaining healthy supplier relationships. Further analysis and benchmarking against industry peers may provide additional insights into the effectiveness of Portland General Electric Co's payable management strategies.