CenterPoint Energy Inc (CNP)
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 | 8,696,000 | 9,225,000 | 9,268,000 | 9,337,000 | 9,321,000 | 8,924,000 | 8,770,000 | 8,568,000 | 8,352,000 | 8,092,000 | 7,965,000 | 7,798,000 | 7,418,000 | 8,594,000 | 8,630,000 | 8,713,000 | 8,775,000 | 8,581,000 | 9,135,000 | 9,663,000 |
| Receivables | US$ in thousands | 1,320,000 | 1,174,000 | 945,000 | 1,279,000 | 1,673,000 | 1,088,000 | 1,102,000 | 1,375,000 | 1,204,000 | 957,000 | 999,000 | 1,202,000 | 1,263,000 | 1,117,000 | 1,010,000 | 1,124,000 | 1,941,000 | 1,563,000 | 1,607,000 | 1,866,000 |
| Receivables turnover | 6.59 | 7.86 | 9.81 | 7.30 | 5.57 | 8.20 | 7.96 | 6.23 | 6.94 | 8.46 | 7.97 | 6.49 | 5.87 | 7.69 | 8.54 | 7.75 | 4.52 | 5.49 | 5.68 | 5.18 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $8,696,000K ÷ $1,320,000K
= 6.59
Centerpoint Energy Inc.'s receivables turnover has fluctuated over the past eight quarters. The receivables turnover ratio indicates how efficiently the company is collecting payments from its customers. A higher turnover ratio suggests that the company is more efficient in collecting receivables.
In Q4 2023, the receivables turnover was 6.59, which was a decrease from the previous quarter. This decrease may indicate that Centerpoint Energy Inc. took longer to collect payments from customers in this period compared to Q3 2023 when the turnover was 7.86.
Looking back further, in Q2 2023, the company achieved a relatively high turnover ratio of 9.81, indicating efficient collections during that period. However, this was followed by a decrease in Q1 2023 with a ratio of 7.30.
Comparing the most recent data to the same period in the previous year, Q4 2023 had a higher turnover ratio of 6.59 compared to 5.57 in Q4 2022, indicating an improvement in receivables collection efficiency.
Overall, while there have been fluctuations in Centerpoint Energy Inc.'s receivables turnover, the company generally maintains a moderate to high efficiency in collecting payments from customers, as seen in the quarterly ratios provided.
Peer comparison
Dec 31, 2023