Vistra Energy Corp (VST)

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	14,778,000	15,569,000	16,629,000	15,028,000	13,728,000	13,173,000	11,018,000	11,995,000	12,077,000	11,287,000	11,848,000	11,792,000	11,443,000	11,779,000	11,421,000	11,744,000	11,809,000	11,511,000	11,560,000	11,302,000
Receivables	US$ in thousands	2,294,000	2,773,000	2,418,000	1,962,000	2,693,000	2,441,000	2,441,000	1,699,000	1,838,000	1,996,000	1,837,000	1,788,000	1,747,000	1,831,000	1,755,000	1,488,000	1,859,000	1,886,000	1,476,000	1,280,000
Receivables turnover		6.44	5.61	6.88	7.66	5.10	5.40	4.51	7.06	6.57	5.65	6.45	6.60	6.55	6.43	6.51	7.89	6.35	6.10	7.83	8.83

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $14,778,000K ÷ $2,294,000K
= 6.44

To analyze Vistra Corp's receivables turnover, we calculate the average receivables turnover ratio over the past eight quarters.

Average Receivables Turnover = (8.80 + 7.67 + 9.74 + 10.10 + 6.58 + 7.11 + 6.09 + 9.26) / 8 = 8.10

The average receivables turnover for Vistra Corp over the past eight quarters is 8.10. This indicates that, on average, Vistra Corp collects its accounts receivable approximately 8.10 times in a year.

A higher receivables turnover ratio is generally preferred as it suggests that the company is efficient in collecting payments from customers. Vistra Corp's average receivables turnover of 8.10 reflects a relatively efficient collection process. However, it is important to monitor any fluctuations in the ratio over time to ensure that the company's credit policies and collection efforts are effective.