WEC Energy Group Inc (WEC)

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		3.96	4.73	5.78	6.94	3.99	3.77	3.81	5.33	3.55	3.71	4.25	4.70	2.89	3.46	3.73	4.43	3.22	4.02	4.37	4.72
Number of days of payables	days	92.16	77.09	63.18	52.58	91.39	96.92	95.80	68.54	102.80	98.33	85.85	77.67	126.11	105.36	97.75	82.35	113.49	90.91	83.52	77.34

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 3.96
= 92.16

The number of days of payables for WEC Energy Group Inc has shown some fluctuation over the past eight quarters. In Q4 2023, the number of days of payables was 102.55 days, which increased from the previous quarter but remained relatively high compared to the trend observed in the earlier quarters. This suggests that the company takes approximately 102.55 days to pay off its suppliers and vendors.

Looking back at Q3 and Q2 2023, the number of days of payables was 86.40 days and 70.35 days, respectively, indicating a decreasing trend in the time taken to settle payables. However, in Q1 2023, the number of days of payables increased to 57.92 days, possibly indicating a change in the company's payment practices during that quarter.

Comparing to the same quarter of the previous year, Q4 2022 and Q3 2022, the number of days of payables were 100.32 days and 103.54 days, respectively, suggesting a similar payment trend with slight fluctuation. In contrast, Q2 2022 and Q1 2022 saw lower numbers of days of payables, at 102.54 days and 73.85 days, respectively, indicating more efficient payment practices during those periods.

Overall, the analysis of WEC Energy Group Inc's number of days of payables highlights fluctuations in the company's payment cycle over the past eight quarters, indicating potential changes in its relationship with suppliers and vendors.