OGE Energy Corporation (OGE)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,985,300 | 2,674,300 | 3,375,700 | 3,653,700 | 2,122,300 |
| Receivables | US$ in thousands | 315,200 | 299,700 | 345,000 | 229,900 | 233,500 |
| Receivables turnover | 9.47 | 8.92 | 9.78 | 15.89 | 9.09 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $2,985,300K ÷ $315,200K
= 9.47
To analyze OGE Energy Corporation's receivables turnover, we look at the trend over the past five years.
The receivables turnover ratio measures how efficiently a company collects payments from its customers. A higher ratio indicates that the company is collecting payments more quickly, which is generally positive.
From the data provided:
- In December 31, 2020, the receivables turnover ratio was 9.09.
- It then increased significantly to 15.89 by December 31, 2021, showing a substantial improvement in collection efficiency.
- However, in the following years, the ratio fluctuated: 9.78 in December 31, 2022, 8.92 in December 31, 2023, and 9.47 in December 31, 2024.
Overall, the receivables turnover ratio for OGE Energy Corporation has shown variability over the years, with a notable improvement in 2021 but some fluctuation in subsequent years. Further analysis would be needed to understand the reasons behind these fluctuations and assess the overall effectiveness of the company in managing its accounts receivable.
Peer comparison
Dec 31, 2024