Exelon Corporation (EXC)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 21,727,000 | 19,078,000 | 17,938,000 | 16,663,000 | 34,438,000 |
| Receivables | US$ in thousands | 3,372,000 | 3,579,000 | 5,126,000 | 4,758,000 | 4,793,000 |
| Receivables turnover | 6.44 | 5.33 | 3.50 | 3.50 | 7.19 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $21,727,000K ÷ $3,372,000K
= 6.44
Exelon Corp.'s receivables turnover ratio has shown fluctuations over the past five years. The ratio increased from 5.58 in 2019 to 7.14 in 2020, indicating that the company was able to collect its accounts receivable more efficiently in 2020. However, in the following years, the ratio decreased to 7.09 in 2021 and further to 5.36 in 2022 before rising to 6.46 in 2023.
A high receivables turnover ratio implies that the company is collecting its outstanding receivables quickly, which is generally favorable as it indicates efficient management of accounts receivable. The fluctuations in Exelon Corp.'s receivables turnover ratio over the years could be influenced by various factors, including changes in credit policies, the industry's economic conditions, and the company's customer base.
Analyzing the trend of the receivables turnover ratio can provide insights into Exelon Corp.'s efficiency in collecting outstanding receivables and managing its working capital effectively. Further examination and comparison with industry benchmarks and peers may help in assessing the company's performance in this aspect.
Peer comparison
Dec 31, 2023