NRG Energy Inc. (NRG)
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 | 28,823,000 | 29,871,000 | 30,435,000 | 31,369,000 | 31,543,000 | 30,734,000 | 28,833,000 | 26,794,000 | 26,989,000 | 21,970,000 | 18,170,000 | 15,165,000 | 9,093,000 | 9,261,000 | 9,448,000 | 9,675,000 | 9,821,000 | 9,618,000 | 9,582,000 | 9,578,000 |
| Receivables | US$ in thousands | 3,542,000 | 3,764,000 | 3,274,000 | 3,519,000 | 4,778,000 | 4,061,000 | 3,862,000 | 3,291,000 | 3,245,000 | 3,096,000 | 2,822,000 | 3,037,000 | 904,000 | 1,126,000 | 1,015,000 | 915,000 | 1,025,000 | 1,376,000 | 1,049,000 | 898,000 |
| Receivables turnover | 8.14 | 7.94 | 9.30 | 8.91 | 6.60 | 7.57 | 7.47 | 8.14 | 8.32 | 7.10 | 6.44 | 4.99 | 10.06 | 8.22 | 9.31 | 10.57 | 9.58 | 6.99 | 9.13 | 10.67 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $28,823,000K ÷ $3,542,000K
= 8.14
The receivables turnover, which measures how efficiently a company is collecting on its credit sales, has shown some fluctuations over the past eight quarters for NRG Energy Inc. The data indicates that the company collected its receivables approximately 8.14 times in Q4 2023, 7.94 times in Q3 2023, 9.30 times in Q2 2023, and 8.91 times in Q1 2023. These figures suggest a relatively consistent performance in collecting receivables within the range of 7.94 to 9.30 times over the previous four quarters.
Comparing these recent results to the same quarters in the prior year, where the receivables turnover was around 6.61 to 8.14 times, we observe an uptrend in the efficiency of receivables collection. This improvement signifies that NRG Energy Inc. has been more effective in converting its accounts receivable into cash in the most recent quarters compared to the same periods in the prior year.
Furthermore, the overall stable and relatively high receivables turnover ratios suggest that NRG Energy Inc. has been successful in managing its credit sales and collecting outstanding payments from customers in a timely manner. This trend reflects positively on the company's liquidity position and indicates sound financial health. Further analysis and comparison with industry benchmarks may provide additional insights into the company's receivables management efficiency.
Peer comparison
Dec 31, 2023