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.


Peer comparison

Dec 31, 2023