PPL Corporation (PPL)

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
Payables turnover		0.67	0.68	0.90	0.89	0.85	1.00	0.91	1.15	1.11	1.15	1.04	0.99	0.86	0.74	0.82	0.83	0.75	0.95	0.98	1.63
Number of days of payables	days	545.28	533.46	407.18	409.45	428.51	364.62	400.81	316.95	328.26	317.50	350.13	368.35	424.88	491.98	445.99	441.93	485.31	385.51	372.63	224.18

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 0.67
= 545.28

PPL Corp's number of days of payables has exhibited fluctuations over the past eight quarters. In Q4 2023, the company took approximately 156.55 days to pay its creditors, compared to 152.85 days in Q3 2023. The number of days of payables decreased significantly from Q2 2023 to Q3 2023, signaling efficient management of payables during the period. However, the number of days increased in Q1 2023 before decreasing again in Q4 2022.

Comparing with the same quarter in the previous year, in Q4 2023, the number of days of payables has decreased compared to Q4 2022, showing an improvement in managing payables. In Q2 2022, the company took the longest time to pay its payables with approximately 192.57 days.

Overall, the trend in the number of days of payables indicates variability in the company's ability to manage its payables efficiently. Investors and stakeholders may monitor this metric in conjunction with other financial ratios to assess the company's liquidity and operational efficiency.