Vistra Energy Corp (VST)

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		1.25	1.28	1.31	1.37	0.85	0.91	0.82	0.95	0.78	0.99	1.33	1.22	1.67	1.62	1.32	1.41	1.04	0.96	1.06	1.32
Number of days of payables	days	292.97	284.51	278.93	266.01	427.02	402.74	442.93	383.21	465.08	367.82	274.39	298.61	219.10	225.49	276.82	258.78	351.28	379.07	344.31	276.74

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 1.25
= 292.97

To analyze Vistra Corp's number of days of payables, we can observe a decreasing trend from Q1 2022 to Q4 2023. This suggests that the company has been taking longer to pay its suppliers over time. In Q4 2023, Vistra Corp had an average of 55.40 days of payables, compared to 69.92 days in Q1 2022. This decreasing trend indicates that the company may be managing its payables more efficiently, potentially negotiating better terms with its suppliers or optimizing its cash flow management. However, it is essential to monitor this trend over time to ensure that the company maintains a healthy balance between managing payables and preserving cash flow.