Public Service Enterprise Group Inc (PEG)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 10,290,000 | 11,237,000 | 9,800,000 | 9,722,000 | 9,603,000 |
| Receivables | US$ in thousands | 2,304,000 | 1,736,000 | 2,345,000 | 2,085,000 | 1,702,000 |
| Receivables turnover | 4.47 | 6.47 | 4.18 | 4.66 | 5.64 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $10,290,000K ÷ $2,304,000K
= 4.47
Based on the data provided, Public Service Enterprise Group Inc's receivables turnover has fluctuated over the past five years. The company's receivables turnover ratio was 5.64 in December 2020, indicating that the company collected its accounts receivables approximately 5.64 times during that year.
In December 2021, the receivables turnover ratio decreased to 4.66, implying a slower rate of collection compared to the previous year. This trend continued into December 2022, with a further decline in the ratio to 4.18, which suggests that the company took longer to collect its outstanding receivables.
However, there was an improvement in the company's receivables turnover performance in December 2023, as the ratio increased to 6.47. This indicates a more efficient collection of receivables compared to the previous years.
In December 2024, the receivables turnover ratio decreased to 4.47, showing a slight decline in the efficiency of receivables collection compared to the previous year.
Overall, the fluctuation in Public Service Enterprise Group Inc's receivables turnover ratio over the past five years suggests varying levels of efficiency in managing its accounts receivables, with some years showing improvement while others experienced a decline.
Peer comparison
Dec 31, 2024