CMS Energy Corporation (CMS)
Receivables turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 7,515,000 | 7,476,000 | 7,406,000 | 7,354,000 | 7,462,000 | 7,790,000 | 8,141,000 | 8,506,000 | 8,596,000 | 8,351,000 | 8,052,000 | 7,690,000 | 7,329,000 | 7,023,000 | 6,805,000 | 6,629,000 | 6,418,000 | 6,486,000 | 6,525,000 | 6,588,000 |
| Receivables | US$ in thousands | 561,000 | 369,000 | 423,000 | 449,000 | 473,000 | 295,000 | 312,000 | 1,469,000 | 2,243,000 | 1,544,000 | 1,391,000 | 1,543,000 | 1,429,000 | 1,070,000 | 1,122,000 | 1,509,000 | 1,594,000 | 941,000 | 1,021,000 | 1,150,000 |
| Receivables turnover | 13.40 | 20.26 | 17.51 | 16.38 | 15.78 | 26.41 | 26.09 | 5.79 | 3.83 | 5.41 | 5.79 | 4.98 | 5.13 | 6.56 | 6.07 | 4.39 | 4.03 | 6.89 | 6.39 | 5.73 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $7,515,000K ÷ $561,000K
= 13.40
The receivables turnover ratio for CMS Energy Corporation has varied over time, indicating changes in the company's efficiency in collecting payments from customers.
From March 2020 to December 2021, the ratio generally increased, reaching a peak of 6.89 in September 2020, which suggests that the company was collecting its receivables more frequently during this period.
However, from March 2022 to December 2024, the receivables turnover ratio fluctuated, with a notable increase in June and September 2023, where the ratio spiked to 26.09 and 26.41, respectively. This sudden increase may indicate a significant change in the company's collections practices or customer payment behavior during those quarters.
Subsequently, the ratio declined to more moderate levels by December 2024, indicating a potential normalization of the company's receivables turnover.
Overall, the trend in the receivables turnover ratio reflects CMS Energy Corporation's ability to efficiently manage its accounts receivable and collect payments from customers, with periods of improvement and volatility observed over the analyzed timeframe.
Peer comparison
Dec 31, 2024