Alliant Energy Corp (LNT)
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 | 4,027,000 | 4,070,000 | 4,144,000 | 4,193,000 | 4,204,000 | 4,044,000 | 3,948,000 | 3,831,000 | 3,669,000 | 3,560,000 | 3,456,000 | 3,401,500 | 3,416,300 | 3,272,400 | 3,410,600 | 3,507,300 | 3,647,700 | 3,641,100 | 3,579,500 | 3,605,400 |
| Receivables | US$ in thousands | 568,000 | 486,000 | 428,000 | 428,000 | 631,000 | 509,000 | 490,000 | 481,000 | 531,000 | 392,000 | 377,000 | 325,000 | 494,000 | 461,000 | 454,700 | 465,300 | 402,100 | 451,500 | 421,500 | 417,900 |
| Receivables turnover | 7.09 | 8.37 | 9.68 | 9.80 | 6.66 | 7.94 | 8.06 | 7.96 | 6.91 | 9.08 | 9.17 | 10.47 | 6.92 | 7.10 | 7.50 | 7.54 | 9.07 | 8.06 | 8.49 | 8.63 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $4,027,000K ÷ $568,000K
= 7.09
Alliant Energy Corp.'s receivables turnover ratio has exhibited a positive trend over the past eight quarters. The ratio has shown consistency in its performance, with values ranging between 7.98 and 9.85 during this period. This indicates that the company is efficiently managing its receivables, collecting outstanding payments from customers effectively.
The average receivables turnover for the last eight quarters stands at approximately 8.59. This implies that, on average, Alliant Energy Corp. collects outstanding receivables approximately 8.59 times per year. A higher receivables turnover ratio is generally indicative of effective credit policies and a prompt collection of accounts receivables, which in turn can improve the company's cash flow and liquidity position.
Overall, the stable and relatively high receivables turnover ratio of Alliant Energy Corp. suggests that the company has been successful in managing its credit and collection processes, resulting in timely conversion of credit sales into cash. This trend reflects positively on the company's operational efficiency and financial strength.
Peer comparison
Dec 31, 2023