PG&E Corp (PCG)

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	24,428,000	22,757,000	22,263,000	22,091,000	21,680,000	21,556,000	21,627,000	21,724,000	20,642,000	20,988,000	20,014,000	19,133,000	18,469,000	17,835,000	17,724,000	17,273,000	17,129,000	16,259,000	16,260,000	16,611,000
Receivables	US$ in thousands	2,048,000	2,178,000	2,107,000	2,568,000	2,645,000	2,726,000	2,203,000	2,080,000	2,345,000	1,817,000	1,909,000	1,835,000	1,883,000	1,775,000	1,419,000	1,319,000	1,287,000	1,412,000	1,278,000	1,319,000
Receivables turnover		11.93	10.45	10.57	8.60	8.20	7.91	9.82	10.44	8.80	11.55	10.48	10.43	9.81	10.05	12.49	13.10	13.31	11.51	12.72	12.59

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $24,428,000K ÷ $2,048,000K
= 11.93

The receivables turnover ratio for PG&E Corp. has fluctuated over the past eight quarters. In Q1 2022, the ratio was at its highest at 2.52, indicating that PG&E Corp. collected its accounts receivable approximately 2.52 times during that quarter. Subsequently, the ratio decreased in the following quarters before reaching its lowest point of 2.10 in Q3 2022.

From Q4 2022, there was a consistent increase in the receivables turnover ratio, reaching 2.38 in Q1 2023. This suggests that PG&E Corp. improved its efficiency in collecting accounts receivable during these quarters. However, the ratio slightly decreased in Q2 2023 to 2.23, showing a temporary decline in the collection efficiency.

Overall, the trend in the receivables turnover ratio for PG&E Corp. indicates a general ability to efficiently collect accounts receivable, with some fluctuations in performance over the quarters analyzed.