UNITIL Corporation (UTL)
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 | 6.73 | 9.40 | 9.47 | 7.77 | 6.80 | 10.15 | 10.06 | 8.99 | 5.75 | 10.58 | 10.57 | 9.27 | 5.94 | 7.45 | 6.47 | 6.94 | 5.96 | 7.88 | 7.84 | 5.31 | |
| Number of days of payables | days | 54.26 | 38.83 | 38.55 | 47.00 | 53.70 | 35.96 | 36.28 | 40.58 | 63.52 | 34.50 | 34.55 | 39.36 | 61.40 | 48.97 | 56.42 | 52.56 | 61.26 | 46.34 | 46.54 | 68.70 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.73
= 54.26
The number of days of payables for UNITIL Corporation has exhibited fluctuations over the past few years. From March 31, 2020, where it stood at 68.70 days, there was a decrease to 46.34 days by September 30, 2020. The metric increased to 61.40 days by December 31, 2021, then decreased to 34.50 days by September 30, 2022, before rising again. As of December 31, 2024, the number of days of payables is 54.26 days. This fluctuation indicates changes in the company's payment practices and relationships with suppliers over the years. Further analysis and comparison with industry benchmarks could provide a deeper understanding of UNITIL Corporation's payables management efficiency.
Peer comparison
Dec 31, 2024