Public Service Enterprise Group Inc (PEG)
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 | 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 | 10,066,000 | 10,158,000 | 9,858,000 |
| Receivables | US$ in thousands | 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 | 1,345,000 | 1,311,000 | 1,791,000 |
| Receivables turnover | 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 | 7.48 | 7.75 | 5.50 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $11,237,000K ÷ $1,736,000K
= 6.47
Public Service Enterprise Group Inc.'s receivables turnover ratio has shown fluctuation over the past eight quarters. The ratio indicates how efficiently the company is collecting payments from its customers.
In Q4 2023, the receivables turnover ratio was 6.47, slightly lower than the previous quarter but higher compared to Q4 2022. This suggests that the company took approximately 6.47 times to collect its accounts receivable during the quarter.
The ratio peaked in Q3 2023 at 7.40, indicating a significant improvement in the efficiency of receivables collection. This was followed by a slight decline in Q4 2023, which could be due to various factors such as changes in customer payment behavior or sales patterns.
Looking back over the past eight quarters, the trend shows an overall improvement in receivables turnover, with the ratio generally increasing from Q1 2022 to Q3 2023. This indicates that the company has been more effective in managing its accounts receivable and converting them into cash.
However, it is important to monitor any fluctuations in the ratio, as a declining trend could potentially indicate issues with credit policies, customer payment delays, or an increase in bad debts. Further analysis and comparison with industry benchmarks could provide a deeper insight into Public Service Enterprise Group Inc.'s efficiency in managing its accounts receivable.
Peer comparison
Dec 31, 2023