Portland General Electric Co (POR)
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 | 2,923,000 | 2,885,000 | 2,826,000 | 2,769,000 | 2,647,000 | 2,568,000 | 2,467,000 | 2,413,000 | 2,396,000 | 2,344,000 | 2,249,000 | 2,181,000 | 2,145,000 | 2,137,000 | 2,132,000 | 2,123,000 | 2,123,000 | 2,099,000 | 2,082,000 | 2,071,000 |
| Receivables | US$ in thousands | 552,000 | 474,000 | 427,000 | 477,000 | 529,000 | 443,000 | 383,000 | 393,000 | 446,000 | 353,000 | 373,000 | 354,000 | 368,000 | 329,000 | 278,000 | 311,000 | 167,000 | 234,000 | 222,000 | 297,000 |
| Receivables turnover | 5.30 | 6.09 | 6.62 | 5.81 | 5.00 | 5.80 | 6.44 | 6.14 | 5.37 | 6.64 | 6.03 | 6.16 | 5.83 | 6.50 | 7.67 | 6.83 | 12.71 | 8.97 | 9.38 | 6.97 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,923,000K ÷ $552,000K
= 5.30
The receivables turnover for Portland General Electric Co has shown fluctuations over the past eight quarters. The company's ability to collect its accounts receivable efficiently can be assessed by this ratio, which indicates how many times during a period the company collects its average accounts receivable balance.
In Q2 2023, Portland General Electric Co had the highest receivables turnover of 9.12, indicating that the company collected its accounts receivable approximately 9 times during that quarter. This suggests efficient management of accounts receivable and a quicker conversion of receivables into cash.
Conversely, in Q4 2022, the company had the lowest receivables turnover of 6.65. This could indicate slower collections compared to other quarters and may require further analysis to understand the reasons behind this lower turnover rate.
Overall, the trend in receivables turnover ratios shows some variability, which may be influenced by seasonality, payment terms, economic conditions, or company-specific factors. Further investigation into the underlying reasons for these fluctuations would provide deeper insights into the company's receivables management and cash flow dynamics.
Peer comparison
Dec 31, 2023