Exelon Corporation (EXC)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 23,028,000 | 21,727,000 | 19,078,000 | 17,938,000 | 16,663,000 |
| Receivables | US$ in thousands | 3,754,000 | 3,372,000 | 3,579,000 | 5,126,000 | 4,758,000 |
| Receivables turnover | 6.13 | 6.44 | 5.33 | 3.50 | 3.50 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $23,028,000K ÷ $3,754,000K
= 6.13
Based on the data provided, we can see that Exelon Corporation's receivables turnover has shown an increasing trend over the years. In 2020 and 2021, the receivables turnover ratio remained constant at 3.50 times. However, in 2022, there was a notable improvement as the ratio increased to 5.33 times. This trend continued in 2023 and 2024, with the receivables turnover ratio reaching 6.44 and 6.13 times, respectively.
A higher receivables turnover ratio indicates that the company is collecting its accounts receivable more quickly, which is a positive sign of efficient management of receivables. It suggests that Exelon Corporation is effectively converting its credit sales into cash, potentially reducing the risk of bad debts and improving overall liquidity. This improvement in receivables turnover over the years reflects positively on the company's operational efficiency and effectiveness in managing its accounts receivable.
Peer comparison
Dec 31, 2024