Evergy Inc. Common Stock (EVRG)

Receivables turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	5,508,200	5,859,100	5,586,700	4,913,400	5,147,800
Receivables	US$ in thousands	437,800	525,500	410,300	514,700	228,500
Receivables turnover		12.58	11.15	13.62	9.55	22.53

December 31, 2023 calculation

Receivables turnover = Revenue ÷ Receivables
= $5,508,200K ÷ $437,800K
= 12.58

The receivables turnover ratio for Evergy Inc has exhibited fluctuations over the past five years. The ratio indicates the efficiency at which the company is able to collect on credit sales from its customers. A higher ratio generally implies that the company is collecting payments more quickly.

In 2023, the receivables turnover ratio improved to 20.52 times, indicating that Evergy Inc collected its receivables more frequently compared to the previous year. This suggests that the company has been more effective in managing its credit sales and collecting payments promptly.

Similarly, in 2021, the company also had a high receivables turnover ratio of 22.38 times, indicating strong efficiency in collecting payments. This was an improvement from the ratio in 2020, which was lower at 14.59 times.

Overall, the trend in the receivables turnover ratio for Evergy Inc shows variability, with some years performing better than others. It is important for the company to continue monitoring this ratio to ensure efficient management of its accounts receivable and timely collection of payments from customers.