Clearway Energy Inc Class C (CWEN)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,371,000 | 1,314,000 | 1,190,000 | 1,286,000 | 1,199,000 |
| Receivables | US$ in thousands | — | — | 153,000 | 144,000 | 143,000 |
| Receivables turnover | — | — | 7.78 | 8.93 | 8.38 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $1,371,000K ÷ $—K
= —
The receivables turnover ratio for Clearway Energy Inc Class C has exhibited fluctuations over the years. In 2020, the ratio stood at 8.38, indicating that the company collected its receivables approximately 8.38 times during the year. By the end of 2021, the ratio improved slightly to 8.93, suggesting a more efficient collection of receivables. However, in 2022, there was a decrease in the receivables turnover ratio to 7.78, which may indicate a slowdown in the collection of receivables compared to the previous year.
The data for 2023 and 2024 is not available (marked as "—"), making it challenging to assess the receivables turnover for those years. Overall, a higher receivables turnover ratio is generally preferable as it signifies a faster collection of receivables, which can ensure better cash flow management for the business. However, it is important to compare this ratio with industry benchmarks and historical data to gain a more comprehensive understanding of Clearway Energy Inc Class C's efficiency in collecting receivables.
Peer comparison
Dec 31, 2024