Edison International (EIX)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 16,338,000 | 17,220,000 | 14,905,000 | 13,578,000 | 12,347,000 |
| Receivables | US$ in thousands | 2,758,000 | 2,336,000 | 2,192,000 | 2,427,000 | 788,000 |
| Receivables turnover | 5.92 | 7.37 | 6.80 | 5.59 | 15.67 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $16,338,000K ÷ $2,758,000K
= 5.92
The receivables turnover ratio for Edison International has shown some fluctuations over the past five years. The ratio measures how efficiently the company is collecting payments from its customers.
In 2023, the receivables turnover ratio was 5.92, indicating that the company collected its accounts receivable approximately 5.92 times during the year. This was a decrease from the previous year when the ratio was 7.37, suggesting that the company took longer to collect payments from its customers in 2023.
Looking further back, in 2022, the ratio was 6.80, and in 2021, it was 5.59. The significant increase to 8.86 in 2019 indicates a higher frequency of collections relative to the 2020 figure.
Overall, while there have been fluctuations in the receivables turnover ratio for Edison International, the company should strive to maintain consistent or increasing values to ensure efficient management of its accounts receivable and cash flow.
Peer comparison
Dec 31, 2023