Entergy Corporation (ETR)

Receivables turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2019	Dec 31, 2018
Revenue	US$ in thousands	11,209,600	12,477,900	10,993,900	10,116,300	10,266,400
Receivables	US$ in thousands	1,367,560	1,464,360	1,301,760	1,208,590	1,114,400
Receivables turnover		8.20	8.52	8.45	8.37	9.21

December 31, 2023 calculation

Receivables turnover = Revenue ÷ Receivables
= $11,209,600K ÷ $1,367,560K
= 8.20

The receivables turnover ratio of Entergy Corp. has fluctuated over the past five years, ranging from 7.87 to 9.21. A higher receivables turnover ratio indicates that the company is collecting its outstanding receivables more frequently during the year, which is a positive signal of efficiency in managing its accounts receivable.

In 2023, the receivables turnover ratio stands at 8.72, showing a slight decrease compared to the previous year. This suggests that, on average, Entergy Corp. collected its accounts receivable around 8.72 times during the year, which is a healthy rate indicating effective credit management and collection efforts.

It is important for the company to continue monitoring and managing its receivables turnover ratio to ensure timely collections and efficient working capital management. The fluctuations in the ratio may be influenced by various factors such as changes in credit policies, customer payment behavior, economic conditions, and industry dynamics.