Ameren Corp (AEE)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 7,500,000 | 7,928,000 | 8,174,000 | 8,140,000 | 7,957,000 | 7,456,000 | 6,961,000 | 6,707,000 | 6,394,000 | 6,177,000 | 5,994,000 | 5,920,000 | 5,794,000 | 5,801,000 | 5,813,000 | 5,794,000 | 5,910,000 | 5,994,000 | 6,078,000 | 6,262,000 |
| Receivables | US$ in thousands | 919,000 | 1,022,000 | 923,000 | 986,000 | 1,100,000 | 1,093,000 | 1,000,000 | 930,000 | 820,000 | 958,000 | 841,000 | 735,000 | 749,000 | 817,000 | 885,000 | 733,000 | 734,000 | 807,000 | 878,000 | 829,000 |
| Receivables turnover | 8.16 | 7.76 | 8.86 | 8.26 | 7.23 | 6.82 | 6.96 | 7.21 | 7.80 | 6.45 | 7.13 | 8.05 | 7.74 | 7.10 | 6.57 | 7.90 | 8.05 | 7.43 | 6.92 | 7.55 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $7,500,000K ÷ $919,000K
= 8.16
The receivables turnover for Ameren Corp. has been relatively stable over the past eight quarters, ranging from 6.82 to 8.86 times. This ratio measures how effectively the company is collecting payments from its customers. A higher turnover indicates that Ameren is collecting its accounts receivables more frequently during the year.
The average receivables turnover over the eight quarters is approximately 7.70 times. This suggests that, on average, Ameren collects its accounts receivable approximately 7.70 times per year.
Overall, the consistent and relatively high receivables turnover ratio indicates that Ameren is efficient in collecting payments from its customers, which is a positive indicator of its financial management and liquidity. However, further analysis in conjunction with other financial ratios and industry benchmarks would provide a more comprehensive view of the company's financial performance.
Peer comparison
Dec 31, 2023