Portland General Electric Co (POR)
Payables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 479,000 | 418,000 | 417,000 | 403,000 | 413,000 | 429,000 | 421,000 | 419,000 | 414,000 | 401,000 | 383,000 | 377,000 | 362,000 | 347,000 | 359,000 | 364,000 | 365,000 | 378,000 | 353,000 | 521,000 |
| Payables | US$ in thousands | — | 187,000 | 227,000 | 242,000 | 457,000 | 287,000 | 191,000 | 169,000 | 244,000 | 201,000 | 196,000 | 199,000 | 153,000 | 139,000 | 134,000 | 128,000 | 165,000 | 128,000 | 119,000 | 136,000 |
| 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 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $479,000K ÷ $—K
= —
The payables turnover ratio indicates the efficiency with which Portland General Electric Co pays its suppliers. A higher ratio suggests the company is paying its suppliers more frequently within a given period.
Looking at the data provided, there has been a notable increase in the payables turnover ratio over the quarters, indicating that the company has been paying its suppliers more rapidly. In Q3 and Q2 of 2023, the payables turnover ratio was substantially higher at 6.37 and 5.03, respectively, compared to the previous quarters.
This increase may signify improved liquidity management or better negotiation terms with suppliers, enabling quicker settlement of payables. However, the Q4 2023 ratio of 3.43 is lower than the previous two quarters, implying a slight decrease in the speed of paying suppliers, which could be worth monitoring in future periods for any potential impacts on supplier relationships or cash flow management. Overall, the trend suggests that Portland General Electric Co has been efficiently managing its payables over the past year.
Peer comparison
Dec 31, 2023