PG&E Corp (PCG)
Receivables turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 24,419,000 | 24,829,000 | 24,776,000 | 24,080,000 | 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 |
| Receivables | US$ in thousands | 3,995,000 | 3,891,000 | 1,982,000 | 2,160,000 | 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 |
| Receivables turnover | 6.11 | 6.38 | 12.50 | 11.15 | 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 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $24,419,000K ÷ $3,995,000K
= 6.11
The receivables turnover ratio of PG&E Corp has fluctuated over the past few years, ranging from a low of 6.11 to a high of 13.10. Generally, a higher receivables turnover ratio indicates that the company is able to efficiently collect payments from its customers.
Examining the trend of the ratio, we observe a decrease in receivables turnover from December 2021 to September 2022, reaching a low of 7.91. This suggests a potential issue with collecting receivables efficiently during this period. However, the ratio then gradually increased, peaking at 12.50 by June 2024.
The sudden decrease in receivables turnover in the last two quarters of 2024 to 6.38 indicates a significant slowdown in collecting payments from customers. This could imply a potential liquidity concern or credit management issue that may need to be addressed by PG&E Corp.
Overall, it is essential for the company to closely monitor and manage its receivables turnover ratio to ensure timely collection of outstanding payments and maintain healthy cash flow.
Peer comparison
Dec 31, 2024