PPL Corporation (PPL)

Number of days of payables

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Payables turnover 0.66 0.84 0.78 0.83 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
Number of days of payables days 554.69 436.67 470.04 441.22 545.28 533.46 407.18 409.45 428.51 364.62 400.81 316.95 328.26 317.50 350.13 368.35 424.88 491.98 445.99 441.93

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 0.66
= 554.69

The number of days of payables for PPL Corporation has fluctuated over the past years. The company's payables turnover period increased from around 442 days in March 2020 to a peak of 545 days in December 2023, indicating that the company was taking longer to pay off its suppliers during this period. However, the number of days of payables decreased to around 470 days as of June 2024.

Managing payables effectively is essential for a company to maintain good relationships with suppliers while optimizing its working capital. PPL Corporation may have extended its payment terms with suppliers during certain periods, impacting the number of days of payables. It is important for the company to analyze and adjust its payables policies to ensure efficient cash flow management and relationships with vendors in the long term.