Xcel Energy Inc (XEL)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 14,206,000 | 15,310,000 | 13,431,000 | 11,526,000 | 11,529,000 |
| Receivables | US$ in thousands | 1,315,000 | 1,373,000 | 1,018,000 | 916,000 | 837,000 |
| Receivables turnover | 10.80 | 11.15 | 13.19 | 12.58 | 13.77 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $14,206,000K ÷ $1,315,000K
= 10.80
The receivables turnover for Xcel Energy, Inc. has shown some fluctuations over the past five years. In 2023, the company's receivables turnover ratio was 6.55, indicating that the company collected its accounts receivable approximately 6.55 times during the year. This was an improvement from 2022 when the ratio was 6.18.
A higher receivables turnover ratio generally suggests that a company is more efficient in collecting payments from customers, which can be beneficial for cash flow management. However, it's important to note that a drastic increase or decrease in the ratio could indicate changes in the company's credit policies, customer base, or industry conditions.
While the receivables turnover ratio for Xcel Energy, Inc. has fluctuated slightly over the past five years, it has generally remained in a relatively stable range, indicating a consistent performance in managing its accounts receivable. Further analysis of the company's receivables management practices and industry trends could provide additional insights into its financial health and operational efficiency.
Peer comparison
Dec 31, 2023