UNITIL Corporation (UTL)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 6.00 | 7.84 | 5.75 | 5.94 | 0.02 | |
| Number of days of payables | days | 60.83 | 46.54 | 63.52 | 61.40 | 15,147.50 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.00
= 60.83
The number of days of payables for UNITIL Corporation has shown a fluctuating trend over the past five years, based on the provided data.
On December 31, 2020, the company had an exceptionally high number of days of payables, at 15,147.50 days. This could indicate a significant delay in paying off its outstanding obligations to suppliers.
Subsequently, UNITIL Corporation managed to significantly reduce its number of days of payables by the end of 2021, down to 61.40 days. This sharp decrease may suggest improved efficiency in managing its accounts payable.
In the following years, the number of days of payables remained relatively stable, ranging between 46.54 days and 63.52 days. This suggests that the company has maintained a consistent approach in managing its payables, neither significantly extending nor shortening the time it takes to settle its outstanding debts to suppliers.
Overall, based on the trend observed, UNITIL Corporation appears to have made progress in optimizing its payables management and may be effectively balancing its payment terms with its suppliers.
Peer comparison
Dec 31, 2024