Evergy Inc. Common Stock (EVRG)

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	5,508,200	5,599,900	5,839,700	5,932,000	5,859,100	5,701,600	5,409,000	5,198,700	5,586,700	5,559,000	5,460,100	5,408,600	4,913,400	4,950,600	5,010,600	5,047,600	5,147,800	5,216,000	5,220,900	4,892,600
Receivables	US$ in thousands	437,800	489,500	480,600	350,700	525,500	588,500	598,500	338,100	410,300	581,700	681,000	512,500	514,700	553,600	684,800	432,900	228,500	268,800	278,400	164,800
Receivables turnover		12.58	11.44	12.15	16.91	11.15	9.69	9.04	15.38	13.62	9.56	8.02	10.55	9.55	8.94	7.32	11.66	22.53	19.40	18.75	29.69

December 31, 2023 calculation

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

Receivables turnover is a financial ratio that measures how efficiently a company is managing its credit sales and collecting payments from its customers. A higher receivables turnover indicates that the company is collecting payments more quickly, which is generally a positive sign.

Analyzing Evergy Inc's receivables turnover over the past eight quarters, we observed fluctuations in the ratio. In Q4 2023, the receivables turnover was 20.52, showing an increase from the previous quarter. This suggests that Evergy Inc was able to collect payments from its customers at a faster rate in Q4 2023 compared to Q3 2023.

However, it is important to note that the receivables turnover ratio was significantly lower in some quarters, such as Q3 2022 and Q2 2022, indicating a potential delay in collecting payments during those periods.

Overall, while there have been fluctuations, Evergy Inc's receivables turnover generally shows that the company has been effectively managing its credit sales and collecting payments in a timely manner, which is essential for maintaining healthy cash flow and working capital management.