FirstEnergy Corporation (FE)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 13,472,000 | 12,870,000 | 12,459,000 | 11,132,000 | 10,790,000 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Receivables turnover | — | — | — | — | — |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $13,472,000K ÷ $—K
= —
Based on the provided data, it appears that receivables turnover for FirstEnergy Corporation is not available for the years 2020, 2021, 2022, 2023, and 2024. It is essential for the company to provide this information in order to assess how efficiently it is collecting outstanding receivables from its customers. Receivables turnover is a critical financial ratio that indicates the number of times a company collects its accounts receivable balance during a specific period. A higher turnover ratio is generally indicative of more effective credit and collection policies, while a lower ratio may suggest potential issues with collecting payments from customers. Without the specific data for FirstEnergy's receivables turnover, it is challenging to evaluate the efficiency of the company's accounts receivable management.
Peer comparison
Dec 31, 2024