PPL Corporation (PPL)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 0.67 | 0.97 | 1.12 | 0.87 | 0.76 | |
| Number of days of payables | days | 542.34 | 377.90 | 324.82 | 418.99 | 479.31 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 0.67
= 542.34
The number of days of payables for PPL Corp have shown a fluctuating trend over the past five years. In 2023, the company took an average of 156.55 days to pay its trade payables, showing an improvement from the previous year where it took 167.51 days. The decrease indicates that the company has been able to manage its payables more efficiently in 2023.
Comparing to 2021 and 2020, where the number of days of payables were 169.52 and 278.22 days respectively, the significant decrease in payables days in 2023 is a positive sign for the company's cash flow management.
However, it's worth noting that the number of days of payables in 2019 was 243.67 days, indicating that there was a significant improvement in payables management from 2019 to 2023. Overall, the trend suggests that PPL Corp has been gradually improving its payment practices and working capital management over the past five years.
Peer comparison
Dec 31, 2023