OGE Energy Corporation (OGE)

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	2,674,300	2,819,500	3,144,900	3,343,600	3,375,700	3,245,100	2,838,700	2,612,400	3,653,700	3,557,800	3,395,500	3,321,600	2,122,300	2,109,400	2,162,700	2,172,900	2,231,600	2,270,900	2,214,300	2,267,600
Receivables	US$ in thousands	299,700	444,100	363,100	295,700	345,000	402,300	349,600	227,900	229,900	325,300	272,000	205,800	233,500	282,300	254,800	203,100	229,400	326,800	256,100	233,300
Receivables turnover		8.92	6.35	8.66	11.31	9.78	8.07	8.12	11.46	15.89	10.94	12.48	16.14	9.09	7.47	8.49	10.70	9.73	6.95	8.65	9.72

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,674,300K ÷ $299,700K
= 8.92

Oge Energy Corp.'s receivables turnover ratio has shown variability over the past eight quarters. The ratio indicates how effectively the company is able to collect payments from its customers.

The data reveals that the receivables turnover ratio ranged from as low as 6.35 in Q3 2023 to as high as 11.46 in Q1 2022. A higher ratio typically implies that the company is efficient in converting its outstanding receivables into cash, suggesting effective credit management and collection processes.

The trend in the receivables turnover ratio for Oge Energy Corp. appears somewhat unpredictable, with fluctuations seen throughout the quarters. This may indicate possible challenges in collections or changes in customer payment behaviors. It is essential for the company to monitor this ratio consistently and identify the underlying reasons for any significant changes to ensure a healthy cash flow and overall financial performance.