Public Service Enterprise Group Inc (PEG)
Receivables turnover
| Dec 31, 2024 | Sep 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 10,472,000 | 10,463,000 | 10,242,000 | 11,237,000 | 11,771,000 | 11,587,000 | 11,242,000 | 9,800,000 | 9,717,000 | 9,348,000 | 9,146,000 | 9,722,000 | 9,068,000 | 9,535,000 | 9,711,000 | 9,603,000 | 9,679,000 | 9,611,000 | 9,877,000 | 10,076,000 |
| Receivables | US$ in thousands | 2,304,000 | 1,634,000 | 1,742,000 | 1,736,000 | 1,590,000 | 1,620,000 | 1,892,000 | 2,345,000 | 1,930,000 | 2,223,000 | 1,934,000 | 2,085,000 | 1,616,000 | 1,624,000 | 1,670,000 | 1,702,000 | 1,576,000 | 1,585,000 | 1,452,000 | 1,573,000 |
| Receivables turnover | 4.55 | 6.40 | 5.88 | 6.47 | 7.40 | 7.15 | 5.94 | 4.18 | 5.03 | 4.21 | 4.73 | 4.66 | 5.61 | 5.87 | 5.81 | 5.64 | 6.14 | 6.06 | 6.80 | 6.41 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $10,472,000K ÷ $2,304,000K
= 4.55
Public Service Enterprise Group Inc's receivables turnover ratio has fluctuated over the years, indicating the efficiency of the company in collecting payments from its customers. The receivables turnover ratio measures how many times a company collects its average accounts receivable balance during a specific period.
Analyzing the data provided:
- The receivables turnover ratio was relatively stable from December 2019 to March 2021, ranging between 5.64 and 6.80, indicating consistent collection of receivables during that period.
- However, from December 2021 to December 2024, the ratio experienced more significant fluctuations. The ratio decreased to 4.18 by December 2022, indicating a slower collection of receivables.
- The ratio then increased to 7.40 by September 2023, reflecting an improvement in the collection efficiency. This high ratio continued through December 2024, suggesting effective management of accounts receivable during that period.
Overall, the trend in Public Service Enterprise Group Inc's receivables turnover ratio shows some variability, with periods of both efficiency and inefficiency in collecting receivables. It is essential for the company to monitor and manage its accounts receivable effectively to ensure a stable and healthy cash flow.
Peer comparison
Dec 31, 2024