Quanta Services Inc (PWR)
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 | 9.76 | 9.29 | 10.43 | 12.28 | 12.48 | 11.48 | 11.07 | 10.15 | 9.88 | 11.81 | 12.47 | 12.49 | 13.29 | — | — | — | 10.77 | — | — | — | |
| Number of days of payables | days | 37.39 | 39.30 | 35.00 | 29.71 | 29.24 | 31.78 | 32.96 | 35.95 | 36.96 | 30.91 | 29.27 | 29.22 | 27.47 | — | — | — | 33.91 | — | — | — |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.76
= 37.39
Quanta Services, Inc.'s number of days of payables has shown fluctuations over the past eight quarters. In Q4 2023, the number of days of payables was 41.24 days, compared to 43.50 days in Q3 2023. This decrease suggests that the company took slightly fewer days to pay its suppliers in Q4 2023.
Looking at a longer trend, the number of days of payables has generally been decreasing since Q1 2023 (38.89 days) to Q4 2023. This downward trend indicates that Quanta Services, Inc. has been improving its efficiency in managing its payables and may be paying its suppliers more promptly.
Moreover, comparing Q4 2023 to the same quarter of the previous year (Q4 2022), there has been an increase in the number of days of payables from 32.68 days to 41.24 days. This suggests that the company took longer to pay its suppliers in Q4 2023 compared to Q4 2022.
Overall, while the number of days of payables has shown fluctuations, the trend over the past year indicates that Quanta Services, Inc. has been making efforts to better manage its payables by reducing the time taken to pay its suppliers.
Peer comparison
Dec 31, 2023