Name: Payables Turnover

Definition: Payables turnover shows how fast the company pays its suppliers for goods or services bought on credit. A high turnover means the company pays suppliers quickly, which may reflect strong cash flow or favorable terms. A very low turnover might mean the company is stretching payments to preserve cash — or possibly experiencing financial strain.

Interpretation:
• In '2021', RNW's payables turnover was 0.03, indicating how promptly the company pays its suppliers. Industry average for Electric Utilities: Central in '2021' stood at 3.64.
• In '2022', RNW's payables turnover was 0.02, indicating how promptly the company pays its suppliers. The decline from '2021' may indicate some operational or financial challenges. Industry average for Electric Utilities: Central in '2022' stood at 3.96. Industry average increased by 0.32 compared to previous year.
• In '2023', RNW's payables turnover was 0.45, indicating how promptly the company pays its suppliers. The increase since '2022' reflects strengthening financial performance. Industry average for Electric Utilities: Central in '2023' stood at 3.39. Industry average declined by 0.57 from previous year.
• In '2024', RNW's payables turnover was 0.32, indicating how promptly the company pays its suppliers. The decline from '2023' may indicate some operational or financial challenges. Industry average for Electric Utilities: Central in '2024' stood at 3.41. Industry average increased by 0.02 compared to previous year.
Overall, RNW's payables turnover has been volatile but showed an upward trend over the past 4 years.

Formula: Payables Turnover = Cost of Goods Sold / Average Accounts Payable

Good Range: Ranges 5-15 depending on industry.