Dominion Energy Inc (D)
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 | 14,393,000 | 14,666,000 | 14,817,000 | 15,247,000 | 15,643,000 | 15,716,000 | 14,931,000 | 14,373,000 | 13,964,000 | 13,605,000 | 14,036,000 | 14,104,000 | 14,172,000 | 14,546,000 | 14,721,000 | 15,058,000 | 14,401,000 | 13,867,000 | 13,536,000 | 13,181,000 |
| Receivables | US$ in thousands | 3,509,000 | 2,560,000 | 2,895,000 | 2,835,000 | 4,457,000 | 2,445,000 | 2,522,000 | 2,505,000 | 3,347,000 | 2,059,000 | 1,975,000 | 2,080,000 | 3,607,000 | 2,176,000 | 2,273,000 | 2,425,000 | 3,541,000 | 2,335,000 | 2,096,000 | 2,439,000 |
| Receivables turnover | 4.10 | 5.73 | 5.12 | 5.38 | 3.51 | 6.43 | 5.92 | 5.74 | 4.17 | 6.61 | 7.11 | 6.78 | 3.93 | 6.68 | 6.48 | 6.21 | 4.07 | 5.94 | 6.46 | 5.40 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $14,393,000K ÷ $3,509,000K
= 4.10
The receivables turnover ratio measures how efficiently a company is able to collect payments from its customers. Dominion Energy Inc's receivables turnover has been relatively stable over the past eight quarters, ranging from 5.12 to 6.94.
In Q4 2023, the receivables turnover ratio was 5.74, indicating that Dominion Energy collected payments from customers approximately 5.74 times during that quarter. This was a decrease from the previous quarter, where the ratio was 6.94.
Overall, Dominion Energy's receivables turnover has been within a moderate range, suggesting that the company has been able to effectively manage its accounts receivables and collect payments from customers in a timely manner. It is important for the company to continue monitoring this ratio to ensure efficient cash flow management.
Peer comparison
Dec 31, 2023