UNITIL Corporation (UTL)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 7.84 | 5.75 | 5.94 | 0.02 | 0.02 | |
| Number of days of payables | days | 46.54 | 63.52 | 61.40 | 15,147.50 | 19,605.71 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.84
= 46.54
The number of days of payables for Unitil Corp. has shown some fluctuation over the past five years. In 2023, the company took an average of 58.33 days to pay its suppliers and vendors, which was a decrease from the previous year. This indicates that Unitil was able to manage its payables more efficiently in 2023.
Comparing to 2021, where it took an average of 78.77 days to pay its payables, there was a notable improvement in 2023. However, it is important to note that the number of days of payables in 2023 was still higher than the levels seen in 2020 and 2019.
Overall, the trend in the number of days of payables suggests that Unitil Corp. has been making efforts to optimize its payment cycles, potentially enhancing its cash flow management and relationships with suppliers.
Peer comparison
Dec 31, 2023