FirstEnergy Corporation (FE)

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	12,870,000	12,901,000	12,889,000	12,701,000	12,459,000	11,942,000	11,591,000	11,395,000	11,132,000	11,009,000	10,907,000	10,807,000	10,790,000	10,926,000	10,867,000	10,861,000	11,035,000	11,072,000	11,173,000	11,282,000
Receivables	US$ in thousands	1,318,000	1,302,000	1,186,000	1,259,000	1,318,000	1,182,000	—	—	1,033,000	—	—	—	1,203,000	—	—	—	—	—	—	—
Receivables turnover		9.76	9.91	10.87	10.09	9.45	10.10	—	—	10.78	—	—	—	8.97	—	—	—	—	—	—	—

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $12,870,000K ÷ $1,318,000K
= 9.76

The receivables turnover ratio for Firstenergy Corp. has shown consistent performance over the past eight quarters, ranging from 7.93 to 8.82 times. The average receivables turnover ratio over this period is approximately 8.24 times.

A high receivables turnover ratio indicates that the company is efficient in collecting outstanding receivables from customers. This suggests that Firstenergy Corp. is effectively managing its credit and collection processes, converting its accounts receivable into cash relatively quickly.

The minor fluctuations in the receivables turnover ratio from quarter to quarter are normal and may be influenced by various factors such as seasonal variations, changes in customer payment behavior, or adjustments in credit terms.

Overall, the stable and relatively high receivables turnover ratio of Firstenergy Corp. indicates good liquidity and efficient working capital management. However, further analysis of the company's credit policies and collection efforts may provide more insights into its receivables management practices.