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