Xcel Energy Inc (XEL)
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 | 14,206,000 | 14,817,000 | 15,237,000 | 15,639,000 | 15,310,000 | 14,612,000 | 13,997,000 | 13,641,000 | 13,431,000 | 13,023,000 | 12,738,000 | 12,256,000 | 11,526,000 | 11,377,000 | 11,208,000 | 11,199,000 | 11,529,000 | 11,611,000 | 11,646,000 | 11,727,000 |
| Receivables | US$ in thousands | 1,315,000 | 1,220,000 | 1,111,000 | 1,300,000 | 1,373,000 | 1,196,000 | 1,084,000 | 1,190,000 | 1,018,000 | 1,022,000 | 948,000 | 959,000 | 916,000 | 899,000 | 799,000 | 839,000 | 837,000 | 821,000 | 737,000 | 974,000 |
| Receivables turnover | 10.80 | 12.15 | 13.71 | 12.03 | 11.15 | 12.22 | 12.91 | 11.46 | 13.19 | 12.74 | 13.44 | 12.78 | 12.58 | 12.66 | 14.03 | 13.35 | 13.77 | 14.14 | 15.80 | 12.04 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $14,206,000K ÷ $1,315,000K
= 10.80
The receivables turnover ratio for Xcel Energy, Inc. has shown fluctuations over the past eight quarters. The ratio indicates how efficiently the company is collecting outstanding receivables during a specific period.
In Q1 2022, the receivables turnover ratio was 7.16, which increased to 7.46 in Q2 2022. The ratio continued to rise in Q3 2022 to 7.35 but slightly declined to 6.18 in Q4 2022.
In 2023, the ratio started at 7.53 in Q1, dipped to 8.23 in Q2, then decreased further to 7.59 in Q3, and finally dropped to 6.55 in Q4 2023.
The fluctuations in the receivables turnover ratio indicate changes in the company's effectiveness in collecting outstanding receivables. Generally, a higher turnover ratio is favorable as it signifies that the company is collecting its accounts receivable more efficiently. Conversely, a lower ratio may suggest potential issues with collections or credit policies.
Overall, Xcel Energy's receivables turnover has shown variability in recent quarters, and further analysis of the company's collection processes and credit management may be warranted to better understand the underlying factors affecting this ratio.
Peer comparison
Dec 31, 2023