Public Service Enterprise Group (XTER:PSE) Days Payable : 56.14 (As of Mar. 2024)

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What is Public Service Enterprise Group Days Payable?

Public Service Enterprise Group's average Accounts Payable for the three months ended in Mar. 2024 was €1,007 Mil. Public Service Enterprise Group's Cost of Goods Sold for the three months ended in Mar. 2024 was €1,638 Mil. Hence, Public Service Enterprise Group's Days Payable for the three months ended in Mar. 2024 was 56.14.

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

XTER:PSE' s Days Payable Range Over the Past 10 Years
Min: 61.04 Med: 76.79 Max: 101.32
Current: 61.04

During the past 13 years, Public Service Enterprise Group's highest Days Payable was 101.32. The lowest was 61.04. And the median was 76.79.

XTER:PSE's Days Payable is ranked worse than
54.25% of 494 companies
in the Utilities - Regulated industry
Industry Median: 66.385 vs XTER:PSE: 61.04

Public Service Enterprise Group's Days Payable increased from Mar. 2023 (56.07) to Mar. 2024 (56.14). 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.

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Public Service Enterprise Group Days Payable Chart

Public Service Enterprise Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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78.12

83.36

69.26

63.50

71.82

Public Service Enterprise Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															56.07	68.35	60.56	66.67	56.14

Competitive Comparison of Public Service Enterprise Group's Days Payable

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's Days Payable Distribution in the Utilities - Regulated Industry

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
=	( (1199.824	+	1113.238)	/	2 )	/	5877.97	*	365
=	1156.531					/	5877.97	*	365
=	71.82

Public Service Enterprise Group's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (1113.238	+	901.6)	/	2 )	/	1637.6	*	365 / 4
=	1007.419					/	1637.6	*	365 / 4
=	56.14

Public Service Enterprise Group Days Payable Related Terms

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Public Service Enterprise Group (XTER:PSE) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

PEG:USA 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.

Public Service Enterprise Group (XTER:PSE) Headlines

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