Clearway Energy Inc Class C (CWEN)
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 | 1,314,000 | 1,333,000 | 1,302,000 | 1,264,000 | 1,190,000 | 1,240,000 | 1,251,000 | 1,263,000 | 1,286,000 | 1,248,000 | 1,229,000 | 1,178,000 | 1,199,000 | 1,154,000 | 1,118,000 | 1,073,000 | 1,032,000 | 1,026,000 | 1,022,000 | 1,045,000 |
| Receivables | US$ in thousands | — | — | — | 150,000 | 153,000 | 200,000 | 224,000 | 153,000 | 144,000 | 203,000 | 204,000 | 159,000 | 143,000 | 156,000 | 161,000 | 100,000 | 118,000 | 144,000 | 127,000 | 91,000 |
| Receivables turnover | — | — | — | 8.43 | 7.78 | 6.20 | 5.58 | 8.25 | 8.93 | 6.15 | 6.02 | 7.41 | 8.38 | 7.40 | 6.94 | 10.73 | 8.75 | 7.12 | 8.05 | 11.48 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,314,000K ÷ $—K
= —
The receivables turnover of Clearway Energy Inc has varied over the past eight quarters. The ratio was relatively low in Q3 2023 at 3.24, indicating that Clearway Energy took approximately 3.24 quarters to collect its accounts receivables during that period.
In contrast, the receivables turnover was higher in Q1 2023 and Q4 2022 at 8.43 and 7.78 respectively, suggesting that Clearway Energy was able to collect its accounts receivables more frequently during those quarters.
Overall, the trend in receivables turnover shows some fluctuations, with Q2 2023 having the highest turnover of 6.03 and Q3 2022 having the lowest turnover of 5.58.
It is important for Clearway Energy to monitor its receivables turnover consistently to ensure efficient management of its accounts receivables, as a declining turnover ratio could indicate potential issues with collection practices or credit risk management.
Peer comparison
Dec 31, 2023