UGI Corporation (UGI)
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 | 10.66 | 16.02 | 18.95 | 12.94 | 8.96 | 9.05 | 7.71 | 6.19 | 5.58 | 4.92 | 8.64 | 7.89 | 6.95 | 8.70 | 10.34 | 8.21 | 4.28 | 3.53 | 2.01 | 0.29 | |
| Number of days of payables | days | 34.24 | 22.78 | 19.26 | 28.21 | 40.76 | 40.34 | 47.32 | 58.99 | 65.43 | 74.22 | 42.25 | 46.27 | 52.50 | 41.94 | 35.29 | 44.45 | 85.26 | 103.48 | 181.44 | 1,266.72 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.66
= 34.24
To analyze UGI Corp.'s number of days of payables over the past quarters, we can observe a decreasing trend in the number of days it takes the company to pay off its accounts payable.
In Q2 2023, the number of days of payables was relatively higher at 36.18 days compared to the previous quarter Q3 2023, which recorded 26.76 days. Subsequently, in Q4 2023, there was a further decrease to 32.25 days.
This decreasing trend continued into Q1 2024, where the number of days of payables decreased significantly to 53.74 days from the high of 81.52 days in Q2 2022. This suggests that the company has been able to manage its accounts payable more efficiently and is taking less time to pay off its debts as compared to previous quarters.
Overall, the declining trend in the number of days of payables indicates that UGI Corp. has been successful in managing its payables effectively, potentially improving its liquidity position and relationships with suppliers.
Peer comparison
Dec 31, 2023