SJW Corporation (SJW)

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		10.70	13.42	12.73	17.49	15.19	14.53	15.98	15.02	13.72	11.16	10.48	15.86	11.93	12.40	16.60	15.31	10.34	11.91	11.92	14.48
Number of days of payables	days	34.12	27.20	28.66	20.86	24.03	25.12	22.84	24.30	26.60	32.72	34.84	23.02	30.59	29.45	21.99	23.84	35.29	30.66	30.62	25.20

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 some fluctuations over the past eight quarters. In Q4 2023, the number of days of payables increased to 65.71 days compared to the previous quarter. This indicates that the company takes approximately 65.71 days to pay its suppliers for goods and services purchased on credit.

Overall, there has been some variability in the number of days of payables, with the average being around 50 days over the period analyzed. This suggests that SJW Group generally takes around 50 days to settle its payables obligations, although this can vary significantly from quarter to quarter.

Monitoring the number of days of payables can help assess the company's liquidity and payment practices. A higher number of days of payables may suggest that the company is effectively managing its cash flow by delaying payments to suppliers, while a sudden increase or decrease could indicate changes in the company's payment terms or financial health.