Xcel Energy Inc (XEL)
Payables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 918,000 | 1,071,000 | 1,073,000 | 1,116,000 | 1,101,000 | 999,000 | 979,000 | 956,000 | 947,000 | 998,000 | 1,002,000 | 988,000 | 973,000 | 820,000 | 798,000 | 798,000 | 800,000 | 4,628,000 | 4,625,000 | 5,551,000 |
| Payables | US$ in thousands | 1,668,000 | 1,445,000 | 1,307,000 | 1,338,000 | 1,804,000 | 1,586,000 | 1,590,000 | 1,257,000 | 1,409,000 | 1,319,000 | 1,273,000 | 1,213,000 | 1,237,000 | 1,602,000 | 1,188,000 | 996,000 | 1,294,000 | 1,258,000 | 1,057,000 | 1,154,000 |
| 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 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $918,000K ÷ $1,668,000K
= 0.55
To analyze Xcel Energy, Inc.'s payables turnover, we observe fluctuations in the ratio over the past eight quarters. The payables turnover ratio indicates how efficiently the company manages its accounts payable by measuring how many times a company pays off its average accounts payable balance during a period.
In the most recent quarter (Q4 2023), the payables turnover ratio decreased to 3.47 from the previous quarter's value of 4.48. This decline may suggest that Xcel Energy, Inc. took longer to pay off its accounts payable compared to the prior period.
Comparing Q4 2023 to the same quarter in the previous year (Q4 2022), there was also a slight decrease in the payables turnover ratio from 3.86 to 3.47. This reduction may indicate a lengthening of the company's payment cycle or potential changes in supplier terms.
Looking at the trend over the past eight quarters, we can see fluctuations in the payables turnover ratio, with some periods showing higher efficiency in managing accounts payable than others. Overall, Xcel Energy, Inc. demonstrates variability in its payables turnover, which could be influenced by factors such as changes in payment policies, supplier relationships, and business operations.
Peer comparison
Dec 31, 2023