Southwest Gas Holdings Inc (SWX)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 9.07 | 4.67 | 6.81 | 9.19 | 8.11 | |
| Number of days of payables | days | 40.23 | 78.13 | 53.59 | 39.73 | 44.98 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.07
= 40.23
The number of days of payables for Southwest Gas Holdings Inc has shown a fluctuating trend over the past five years. In 2019, the company took an average of 226.41 days to pay its suppliers, which increased significantly to 246.25 days in 2020. This trend continued with a further increase to 299.32 days in 2021. However, there was a significant decrease in the number of days of payables in 2022 to 302.43 days. Finally, in 2023, the number of days of payables decreased significantly to 101.03 days, indicating that the company has been able to manage its payables more efficiently compared to the previous year.
Overall, the fluctuation in the number of days of payables may indicate changes in the company's payment policies and supplier relationships. A lower number of days of payables suggests that the company is paying its suppliers more quickly, which can be advantageous in terms of maintaining good relationships with suppliers. On the other hand, a higher number of days of payables can indicate that the company is taking longer to pay its suppliers, potentially signaling cash flow issues or liquidity challenges.
Peer comparison
Dec 31, 2023