NRG Energy Inc. (NRG)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 28,823,000 | 31,543,000 | 26,989,000 | 9,093,000 | 9,821,000 |
| Receivables | US$ in thousands | 3,542,000 | 4,778,000 | 3,245,000 | 904,000 | 1,025,000 |
| Receivables turnover | 8.14 | 6.60 | 8.32 | 10.06 | 9.58 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $28,823,000K ÷ $3,542,000K
= 8.14
The receivables turnover for NRG Energy Inc. has fluctuated over the past five years, indicating changes in the efficiency of the company in collecting outstanding receivables. In 2023, the receivables turnover ratio was 8.14, a slight improvement from the previous year's ratio of 6.61. This suggests that NRG Energy Inc. was able to collect its accounts receivable more frequently in 2023 compared to 2022.
When compared to 2021, the receivables turnover in 2023 decreased slightly from 8.32 to 8.14, indicating a slight decrease in the efficiency of collecting receivables. However, it is important to note that the level in 2023 is still relatively strong.
In 2020 and 2019, the receivables turnover ratios were 10.06 and 9.58, respectively. These higher ratios suggest that the company was more efficient in collecting its accounts receivable in those years compared to 2023. Overall, the trend in receivables turnover for NRG Energy Inc. shows variability but generally demonstrates a decent ability to convert receivables into cash over the past five years.
Peer comparison
Dec 31, 2023