Public Service Enterprise Group (Public Service Enterprise Group) Days Payable

: 65.98 (As of Dec. 2023)

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Public Service Enterprise Group's average Accounts Payable for the three months ended in Dec. 2023 was $1,167 Mil. Public Service Enterprise Group's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,614 Mil. Hence, Public Service Enterprise Group's Days Payable for the three months ended in Dec. 2023 was 65.98.

The historical rank and industry rank for Public Service Enterprise Group's Days Payable or its related term are showing as below:

PEG' s Days Payable Range Over the Past 10 Years
Min: 62.25 Med: 76.79 Max: 101.32
Current: 63.92

During the past 13 years, Public Service Enterprise Group's highest Days Payable was 101.32. The lowest was 62.25. And the median was 76.79.

PEG's Days Payable is ranked worse than
52.32% of 495 companies
in the Utilities - Regulated industry
Industry Median: 66.78 vs PEG: 63.92

Public Service Enterprise Group's Days Payable increased from Dec. 2022 (60.34) to Dec. 2023 (65.98). It may suggest that Public Service Enterprise Group delayed paying its suppliers.

Public Service Enterprise Group Days Payable Historical Data

The historical data trend for Public Service Enterprise Group's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Public Service Enterprise Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

79.07

79.55

71.83

65.58

70.75

Public Service Enterprise Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																60.34	55.73	67.96	61.00	65.98

Competitive Comparison

For the Utilities - Regulated Electric subindustry, Public Service Enterprise Group's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Public Service Enterprise Group Days Payable Distribution

For the Utilities - Regulated industry and Utilities sector, Public Service Enterprise Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Public Service Enterprise Group's Days Payable falls into.

Public Service Enterprise Group Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Public Service Enterprise Group's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (1271	+	1214)	/	2 )	/	6410	*	365
=	1242.5					/	6410	*	365
=	70.75

Public Service Enterprise Group's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1120	+	1214)	/	2 )	/	1614	*	365 / 4
=	1167					/	1614	*	365 / 4
=	65.98

Public Service Enterprise Group Days Payable Related Terms

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Public Service Enterprise Group (Public Service Enterprise Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Public Service Enterprise Group Inc (NYSE:PEG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

PSE:Germany PSE:Germany P1EG34:Brazil

Address

80 Park Plaza, Newark, NJ, USA, 07102

Website

https://investor.pseg.com

Public Service Enterprise Group is the holding company for a regulated utility (PSE&G) and other nonregulated businesses such as nuclear power generation and clean energy projects. PSE&G provides regulated gas and electricity delivery services in New Jersey to a combined 4.2 million customers. Public Service Enterprise Group also operates the Long Island Power Authority system. In 2022, the company sold its gas and oil power plants in the mid-Atlantic, New York, and the Northeast.

Executives

Rose M Chernick	officer: Vice President and Controller	80 PARK PLAZA, T4B, NEWARK NJ 07102
Ralph A Larossa	officer: President & COO - PSE&G	PSEG, 80 PARK PLAZA, NEWARK NJ 07102
Kenneth Tanji	director	751 BROAD STREET, 5TH FLOOR, ATTN: REGULATORY FILINGS UNIT, NEWARK NJ 07102
Eric Carr	officer: President & COO - PSEG Power	PO BOX 236, HANCOCKS BRIDGE NJ 08038
Sheila J Rostiac	officer: SVP HR & CHRO & CDO	80 PARK PLAZA, NEWARK NJ 07102
Richard T Thigpen	officer: SVP Corporate Citizenship	80 PARK AVENUE, NEWARK NJ 07102
Ralph Izzo	officer: President and COO - PSE&G	PSEG 80 PARK PLAZA, T6B NEWARK NJ 07102-4194
Jamie M Gentoso	director	80 PARK PLAZA, NEWARK NJ 07102
Valerie Ann Smith	director	80 PARK PLAZA, NEWARK NJ 07102
Kim C Hanemann	officer: President and COO - PSE&G	1500 RONSON ROAD, ISELIN NJ 08830
Tamara Louise Linde	officer: EVP & General Counsel	80 PARK PLAZA, T4, NEWARK NJ 07102
Daniel J Cregg	officer: Executive VP & CFO	80 PARK PLAZA, T4, NEWARK NJ 07102
Scott G Stephenson	director	C/O VERISK ANALYTICS, INC., 545 WASHINGTON BOULEVARD, JERSEY CITY NJ 07310-1686
John P Surma	director
Derek M Dirisio	officer: Vice President and Controller	PSEG, 80 PARK PLAZA, NEWARK NJ 07102