Nextera Energy Inc (NEE)
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 | 24,781,000 | 24,918,000 | 24,118,000 | 23,718,000 | 23,036,000 | 22,192,000 | 21,192,000 | 19,992,000 | 19,023,000 | 18,232,000 | 17,732,000 | 17,132,000 | 17,020,000 | 17,353,000 | 17,353,000 | 17,753,000 | 17,619,000 | 17,792,000 | 17,010,000 | 16,034,000 |
| Receivables | US$ in thousands | 4,553,000 | 4,961,000 | 4,594,000 | 3,932,000 | 5,187,000 | 5,329,000 | 5,131,000 | 4,291,000 | 4,221,000 | 3,858,000 | 3,402,000 | 3,286,000 | 3,042,000 | 3,277,000 | 2,867,000 | 2,621,000 | 2,807,000 | 3,330,000 | 3,121,000 | 2,974,000 |
| Receivables turnover | 5.44 | 5.02 | 5.25 | 6.03 | 4.44 | 4.16 | 4.13 | 4.66 | 4.51 | 4.73 | 5.21 | 5.21 | 5.60 | 5.30 | 6.05 | 6.77 | 6.28 | 5.34 | 5.45 | 5.39 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $24,781,000K ÷ $4,553,000K
= 5.44
The receivables turnover for NextEra Energy Inc has been relatively stable over the past eight quarters, ranging from a low of 3.41 in Q2 2022 to a high of 6.30 in Q1 2023.
The average receivables turnover for the period is approximately 4.89, indicating that, on average, NextEra Energy Inc collects its accounts receivable around 4.89 times per year.
A higher receivables turnover ratio generally indicates that the company is able to efficiently collect payments from its customers, while a lower ratio may indicate potential issues with collecting outstanding receivables.
Overall, NextEra Energy Inc's receivables turnover ratio suggests efficient management of its accounts receivable, with the company being able to collect payments from its customers in a timely manner.
Peer comparison
Dec 31, 2023