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