Exelon Corporation (EXC)
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 | 21,728,000 | 21,027,000 | 19,892,000 | 19,313,000 | 19,077,000 | 18,835,000 | 18,853,000 | 18,634,000 | 17,939,000 | 22,017,000 | 26,007,000 | 29,309,000 | 33,424,000 | 33,265,000 | 33,341,000 | 33,708,000 | 34,438,000 | 34,907,000 | 35,379,000 | 35,764,000 |
| Receivables | US$ in thousands | 3,372,000 | 3,329,000 | 3,047,000 | 3,377,000 | 3,579,000 | 3,485,000 | 3,218,000 | 3,098,000 | 5,126,000 | 4,660,000 | 4,492,000 | 4,816,000 | 4,758,000 | 4,293,000 | 4,302,000 | 5,381,000 | 4,793,000 | 5,395,000 | 5,437,000 | 4,526,000 |
| Receivables turnover | 6.44 | 6.32 | 6.53 | 5.72 | 5.33 | 5.40 | 5.86 | 6.01 | 3.50 | 4.72 | 5.79 | 6.09 | 7.02 | 7.75 | 7.75 | 6.26 | 7.19 | 6.47 | 6.51 | 7.90 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $21,728,000K ÷ $3,372,000K
= 6.44
The receivables turnover ratio for Exelon Corp. has been fluctuating over the past eight quarters. In Q4 2023, the receivables turnover was 6.46, which is slightly higher compared to the previous quarter at 6.35. The turnover ratio increased from Q1 2023 to Q3 2023, reaching a peak of 7.01, before declining in the next two quarters.
The trend indicates that Exelon's efficiency in collecting outstanding receivables improved from Q1 2023 to Q3 2023 but declined slightly in the subsequent quarters. The company was able to turn over its receivables 6.46 times during Q4 2023, which suggests that Exelon is collecting its accounts receivable approximately every 56.5 days.
Overall, the receivables turnover ratio for Exelon Corp. has shown some variability over the past year, with an average turnover ratio of around 7.28. It is essential for the company to closely monitor and manage its receivables turnover to ensure efficient cash flow management and timely collection of outstanding receivables.
Peer comparison
Dec 31, 2023