Public Service Enterprise Group Inc (PEG)

Receivables turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	11,237,000	9,800,000	9,722,000	9,603,000	10,076,000
Receivables	US$ in thousands	1,736,000	2,345,000	2,085,000	1,702,000	1,573,000
Receivables turnover		6.47	4.18	4.66	5.64	6.41

December 31, 2023 calculation

Receivables turnover = Revenue ÷ Receivables
= $11,237,000K ÷ $1,736,000K
= 6.47

The receivables turnover ratio for Public Service Enterprise Group Inc. has shown some fluctuation over the past five years.

In 2023, the company's receivables turnover ratio improved to 6.47, indicating that the company collected its accounts receivable approximately 6.47 times during the year. This suggests that the company was able to efficiently convert its accounts receivable into cash compared to the previous year.

In 2022, the receivables turnover ratio was 4.18, which was lower than the previous years. This could suggest that the company took longer to collect its accounts receivable or that there were changes in credit policies that impacted the turnover efficiency.

In 2021, the receivables turnover ratio was 4.66, showing a slight improvement from the previous year but still lower than the 2020 level. This could indicate that the company was able to collect its receivables more frequently than in 2020.

The 2020 receivables turnover ratio was 5.64, representing a decrease from 2019. This suggests that the company may have experienced challenges in collecting its accounts receivable efficiently during this period.

In 2019, the highest receivables turnover ratio of 6.41 was recorded, indicating that the company was able to convert its accounts receivable into cash more frequently compared to the subsequent years.

Overall, the trend in the receivables turnover ratio for Public Service Enterprise Group Inc. highlights the importance of monitoring the company's ability to collect its accounts receivable efficiently, as it can impact cash flow and liquidity.