American Electric Power Company Inc (AEP)

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	18,982,300	19,286,200	19,470,600	19,737,800	19,639,500	18,819,800	17,916,700	17,103,500	16,792,000	16,341,200	15,784,600	15,452,100	14,918,500	14,923,900	15,172,500	15,252,100	15,561,400	15,746,500	15,764,600	16,204,200
Receivables	US$ in thousands	2,783,100	2,995,500	2,756,900	2,684,700	2,957,600	2,824,300	2,706,200	2,209,900	2,267,500	2,556,300	2,523,200	2,245,900	2,276,700	2,063,100	1,992,600	1,983,700	1,927,500	2,093,900	1,945,300	2,090,100
Receivables turnover		6.82	6.44	7.06	7.35	6.64	6.66	6.62	7.74	7.41	6.39	6.26	6.88	6.55	7.23	7.61	7.69	8.07	7.52	8.10	7.75

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $18,982,300K ÷ $2,783,100K
= 6.82

The receivables turnover ratio for American Electric Power Company Inc. has fluctuated over the past eight quarters. The ratio measures how efficiently the company collects outstanding payments from its customers during a specific period.

In Q4 2023, the receivables turnover was 7.76, indicating that the company collected outstanding payments approximately 7.76 times during that quarter. This was a slight increase from the previous quarter, Q3 2023, where the ratio was 7.52.

The trend over the last year shows some variability in the receivables turnover ratio, with values ranging from a low of 7.52 in Q3 2023 to a high of 8.83 in Q1 2022. This suggests some inconsistency in the collection efficiency of the company during different quarters.

Overall, while the company's receivables turnover ratio has shown some fluctuations, it appears to be generally within a narrow range, indicating that American Electric Power Company Inc. has been moderately effective in managing its accounts receivable and collecting payments from customers over the analyzed period.