Xcel Energy Inc (XEL)

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		0.55	0.74	0.82	0.83	0.61	0.63	0.62	0.76	0.67	0.76	0.79	0.81	0.79	0.51	0.67	0.80	0.62	3.68	4.38	4.81
Number of days of payables	days	663.20	492.46	444.60	437.61	598.06	579.47	592.80	479.92	543.07	482.40	463.72	448.12	464.03	713.09	543.38	455.56	590.39	99.22	83.42	75.88

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 shown fluctuation over the quarters. In Q4 2023, the company had an average payment period of 105.28 days, significantly higher than the previous quarter's 81.39 days. This indicates that Xcel Energy took longer to pay its suppliers in Q4 2023.

Looking at a longer historical trend, the number of days of payables has varied between 68.51 days to 105.28 days over the past eight quarters. This variability suggests that Xcel Energy may have changes in its payment policies or relationships with suppliers.

It is important for stakeholders to monitor this ratio closely as it can provide insights into the company's liquidity, cash flow management, and relationships with suppliers. A longer number of days of payables may indicate that the company is using suppliers to finance its operations, while a shorter period may suggest efficient cash management but could also strain relationships with suppliers.