Xcel Energy Inc (XEL)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 0.55 | 0.61 | 0.67 | 0.79 | 0.62 | |
| Number of days of payables | days | 663.20 | 598.06 | 543.07 | 464.03 | 589.65 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 0.55
= 663.20
The number of days of payables for Xcel Energy, Inc. has fluctuated over the past five years. In 2023, the company took an average of 105.28 days to pay its suppliers and vendors, which represents an increase from the previous year. Comparing with 2022 and 2021, the days of payables have been gradually increasing. However, in 2020, there was a notable increase in the number of days of payables compared to the year before. In 2019, the number of days to payables was similar to the current year, standing at 105.71 days.
The trend in the number of days of payables suggests that Xcel Energy, Inc. has been taking a slightly longer time to settle its payables in recent years. This may indicate a change in the company's payment practices or financial position impacting its ability to pay outstanding liabilities promptly. Further analysis of the company's financial performance and liquidity position is recommended to better understand the reasons behind these variations in the number of days of payables.
Peer comparison
Dec 31, 2023