SJW Corporation (SJW)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 10.70 | 15.19 | 13.72 | 11.93 | 10.34 | |
| Number of days of payables | days | 34.12 | 24.03 | 26.60 | 30.59 | 35.29 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.70
= 34.12
The number of days of payables for SJW Group has shown fluctuations over the past five years. In 2023, the company had an average payment period of 65.71 days compared to 46.38 days in 2022, indicating an increase in the average time it takes for the company to pay its suppliers. This suggests a possible deterioration in the company's liquidity position or a change in its payment policies.
In 2021 and 2020, the number of days of payables was relatively stable at 48.42 days and 55.29 days, respectively. However, there was a significant increase in 2019 where the company's payables were outstanding for an average of 72.44 days.
Overall, the trend in the number of days of payables for SJW Group shows some variability, with an increase in 2023 compared to the previous year. This metric is important as it reflects the efficiency of the company's working capital management and its relationships with suppliers. Investors and analysts may consider monitoring this metric to assess the company's ability to manage its cash flow and liquidity effectively.
Peer comparison
Dec 31, 2023