Duke Energy Corporation (DUK)

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	26,046,000	25,986,000	26,113,000	26,340,000	26,329,000	25,616,000	24,639,000	23,747,000	22,817,000	22,413,000	22,242,000	21,923,000	21,557,000	21,631,000	21,652,000	21,938,000	22,144,000	22,196,000	21,910,000	21,706,000
Receivables	US$ in thousands	4,292,000	1,808,000	2,139,000	2,105,000	4,563,000	2,138,000	2,082,000	2,093,000	3,401,000	1,824,000	1,762,000	2,592,000	3,113,000	3,108,000	2,878,000	2,544,000	2,837,000	3,153,000	2,943,000	2,714,000
Receivables turnover		6.07	14.37	12.21	12.51	5.77	11.98	11.83	11.35	6.71	12.29	12.62	8.46	6.92	6.96	7.52	8.62	7.81	7.04	7.44	8.00

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $26,046,000K ÷ $4,292,000K
= 6.07

Duke Energy Corp.'s receivables turnover has shown a consistent trend of improvement over the past eight quarters. The ratio has steadily increased from 6.52 in Q4 2022 to 7.88 in Q1 2023. This indicates that Duke Energy Corp. is becoming more efficient in collecting payments from its customers. The receivables turnover ratio above 1 suggests that the company is able to efficiently convert its accounts receivable into cash. Overall, the increasing trend in receivables turnover is a positive sign of Duke Energy Corp.'s effective management of its accounts receivable.