Ameren Corp (AEE)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 7,500,000 | 7,957,000 | 6,394,000 | 5,794,000 | 5,910,000 |
| Receivables | US$ in thousands | 919,000 | 1,100,000 | 820,000 | 749,000 | 734,000 |
| Receivables turnover | 8.16 | 7.23 | 7.80 | 7.74 | 8.05 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $7,500,000K ÷ $919,000K
= 8.16
The receivables turnover ratio of Ameren Corp. has shown some fluctuations over the past five years, ranging from 7.23 to 8.16. In 2023, the receivables turnover ratio improved to 8.16 compared to the previous year's 7.23. This indicates that Ameren Corp. collected its accounts receivable 8.16 times during the year, which suggests that the company is efficient in collecting payment from its customers.
The increasing trend in receivables turnover from 2021 to 2023 is a positive sign of effective credit management and collection efforts by the company. It shows that Ameren Corp. has been more successful in converting its accounts receivable into cash quickly. However, it is essential to monitor this ratio over time to ensure that the company maintains a healthy balance between credit sales and collections.
Peer comparison
Dec 31, 2023