Portland General Electric Co (POR)
Payables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 427,000 | 422,000 | 411,000 | 362,000 | 366,000 |
| Payables | US$ in thousands | — | 457,000 | 244,000 | 153,000 | 165,000 |
| Payables turnover | — | 0.92 | 1.68 | 2.37 | 2.22 |
December 31, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $427,000K ÷ $—K
= —
Portland General Electric Co's payables turnover ratio has fluctuated over the past five years as follows: 3.43 in 2023, 2.16 in 2022, 3.37 in 2021, 4.63 in 2020, and 3.72 in 2019. The payables turnover ratio indicates how efficiently the company is managing its accounts payable.
A higher payables turnover ratio typically suggests that the company is paying off its suppliers more quickly, which may indicate strong liquidity or effective management of credit terms. Conversely, a lower ratio could imply that the company is taking longer to pay its suppliers, potentially indicating liquidity issues or strained relationships with vendors.
Portland General Electric Co's payables turnover ratio has showed varying trends over the years, with a significant decrease in 2022 followed by a rebound in 2023. It is crucial for the company to monitor this ratio closely to ensure efficient management of its accounts payable and maintain stable relationships with its suppliers.
Peer comparison
Dec 31, 2023