TXNM Energy, Inc. (TXNM)
Number of days of payables
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | — | — | — | — | — | — | — | — | — | 10.87 | 9.56 | 8.81 | 5.09 | 6.44 | 4.09 | 4.72 | 2.99 | 5.73 | 6.33 | 4.92 | |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | 33.58 | 38.16 | 41.43 | 71.73 | 56.65 | 89.19 | 77.38 | 121.97 | 63.70 | 57.68 | 74.18 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —
TXNM Energy, Inc.'s number of days of payables shows the average number of days it takes for the company to pay its suppliers or trade payables. Analyzing the historical trend of this ratio provides insights into the company's payment practices and liquidity management.
From March 2020 to September 2022, the number of days of payables for TXNM Energy, Inc. decreased significantly from 74.18 days to 33.58 days. This indicates that the company has been managing its payables more efficiently by paying suppliers more promptly. A lower number of days of payables can also suggest strong bargaining power with suppliers or effective working capital management.
However, the lack of data for the periods beyond September 2022 limits the ability to assess the company's recent payment practices. It is crucial to monitor this ratio in the future to ensure that TXNM Energy, Inc. maintains a healthy balance between managing its payables effectively while also preserving liquidity for its operations.
Peer comparison
Dec 31, 2024