GE Vernova LLC (GEV)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Revenue | US$ in thousands | 33,239,000 | 29,654,000 | 33,006,000 |
| Receivables | US$ in thousands | — | — | — |
| Receivables turnover | — | — | — |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $33,239,000K ÷ $—K
= —
To calculate the receivables turnover for GE Vernova LLC, we need to use the formula:
Receivables Turnover = Net Credit Sales / Average Accounts Receivable
Unfortunately, the data provided does not include the necessary information (Net Credit Sales and Accounts Receivable) to compute the receivables turnover for the years 2021, 2022, and 2023. Therefore, without this specific data, we are unable to calculate and analyze GE Vernova LLC's receivables turnover ratio for the mentioned years.
Receivables turnover is a critical financial metric that indicates how efficiently a company is managing its accounts receivable by converting them into cash. A higher receivables turnover ratio signifies that the company is collecting its outstanding receivables more quickly, which is generally considered a positive indicator of operational efficiency and liquidity management. Conversely, a lower ratio may suggest difficulties in collecting payments from customers or inefficient credit policies.
If you can provide the necessary data on net credit sales and accounts receivable for the respective years, we can compute the receivables turnover ratio and offer a more insightful analysis of GE Vernova LLC's performance in managing its accounts receivable.
Peer comparison
Dec 31, 2023