PG&E Corp (PCG)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 24,419,000 | 24,428,000 | 21,680,000 | 20,642,000 | 18,469,000 |
| Receivables | US$ in thousands | 3,995,000 | 2,048,000 | 2,645,000 | 2,345,000 | 1,883,000 |
| Receivables turnover | 6.11 | 11.93 | 8.20 | 8.80 | 9.81 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $24,419,000K ÷ $3,995,000K
= 6.11
The receivables turnover for PG&E Corp has shown fluctuations over the past five years. In December 2020, the receivables turnover was 9.81 times, indicating that the company collected its accounts receivable nearly 9.81 times throughout the year. However, by December 2024, the receivables turnover had decreased to 6.11 times, suggesting a potential lengthening of the collection period.
It is worth noting that the receivables turnover ratio decreased to 8.80 in December 2021 and further declined to 8.20 in December 2022. This trend may indicate inefficiencies in collecting accounts receivable or a change in the company's credit policies.
On a positive note, the receivables turnover significantly improved to 11.93 in December 2023, reflecting a more efficient collection of outstanding receivables compared to the previous years.
Overall, fluctuations in the receivables turnover ratio for PG&E Corp over the five-year period may warrant further investigation into the company's credit and collection practices to ensure optimal management of accounts receivable.
Peer comparison
Dec 31, 2024