Southwest Gas Holdings Inc (SWX)
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 | 9.07 | 12.72 | 11.88 | 10.24 | 4.67 | 9.54 | 9.14 | 10.16 | 6.81 | 10.27 | 12.12 | 11.77 | 9.19 | 11.74 | 10.58 | 10.80 | 8.11 | 10.31 | 9.53 | 7.86 | |
| Number of days of payables | days | 40.23 | 28.69 | 30.72 | 35.64 | 78.13 | 38.27 | 39.93 | 35.92 | 53.59 | 35.55 | 30.12 | 31.02 | 39.73 | 31.10 | 34.51 | 33.79 | 44.98 | 35.42 | 38.28 | 46.44 |
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 varied significantly over the past eight quarters. In Q4 2023, the company had 101.03 days of payables, which decreased from the previous quarter but was still higher compared to the same quarter of the previous year. This implies that the company took around 101 days to pay its suppliers and vendors.
The trend shows that the number of days of payables fluctuated over the quarters, indicating changes in the company's payment practices and relationship with suppliers. Q4 2022 stood out with a notably high number of days of payables at 302.43 days, likely reflecting delays in paying off obligations during that period. However, the number reduced significantly in subsequent quarters, reaching its lowest at 57.83 days in Q1 2022.
Overall, monitoring the number of days of payables helps assess the company's working capital management and liquidity position, as well as its relationship with suppliers. Southwest Gas Holdings Inc should continue to analyze and manage its payables efficiently to ensure healthy financial operations and relationships within its supply chain.
Peer comparison
Dec 31, 2023