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 | ||
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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