CenterPoint Energy (CenterPoint Energy) Accounts Receivable : $710 Mil (As of Dec. 2023)

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What is CenterPoint Energy Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. CenterPoint Energy's accounts receivables for the quarter that ended in Dec. 2023 was $710 Mil.

Accounts receivable can be measured by Days Sales Outstanding. CenterPoint Energy's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 29.69.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. CenterPoint Energy's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-45.15.

CenterPoint Energy Accounts Receivable Historical Data

The historical data trend for CenterPoint Energy's Accounts Receivable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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CenterPoint Energy Accounts Receivable Chart

CenterPoint Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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702.00

676.00

690.00

889.00

710.00

CenterPoint Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															889.00	874.00	638.00	767.00	710.00

CenterPoint Energy Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

CenterPoint Energy Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

CenterPoint Energy's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	710	/	2182	*	91
=	29.69

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), CenterPoint Energy's accounts receivable are only considered to be worth 75% of book value:

CenterPoint Energy's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(631	+	0.75 * 710	+	0.5 * 770	-	30048
-	0	-	0)	/	631.226
=	-45.15

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

CenterPoint Energy Accounts Receivable Related Terms

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CenterPoint Energy (CenterPoint Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » CenterPoint Energy Inc (NYSE:CNP) » Definitions » Accounts Receivable

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Traded in Other Exchanges

HOU:Germany

Address

1111 Louisiana, Houston, TX, USA, 77002

Website

https://www.centerpointenergy.com

CenterPoint Energy owns a portfolio of businesses. Its regulated electric utilities provide transmission and distribution services to more than 2.5 million customers in the Houston area, southern Indiana, and west central Ohio. The company has natural gas distribution systems in six states serving approximately 4 million customers.

Executives

Christopher A Foster	officer: EVP and CFO	77 BEALE ST., P.O. BOX 770000, SAN FRANCISCO CA 94177
David J Lesar	director, officer: President & CEO
Jason P. Wells	officer: EVP & CFO	77 BEALE ST., P.O. BOX 770000, SAN FRANCISCO CA 94177
Kristie Colvin	officer: SVP and CAO	1111 LOUISIANA, HOUSTON TX 77002
Ricky Anthony Raven	director	1111 LOUISIANA STREEET, STE. 4600, HOUSTON TX 77002
Thaddeus J. Malik	director	1111 LOUISIANA STREET, STE. 4600, HOUSTON TX 77002
Russell Keith Wright	officer: VP, FP&A and Interim CAO	1111 LOUISIANA STREET, STE 4600, HOUSTON TX 77002
Barry T Smitherman	director	NRG ENERGY, INC., 804 CARNEGIE CENTER, PRINCETON NJ 08540
Ted Pound	director	C/O ALLIS-CHALMERS, 5075 WESTHIEMER, #890, HOUSTON TX 77056
Kara Gostenhofer Ryan	officer: Vice President and CAO	1111 LOUISIANA STREET, # 4600, HOUSTON TX 77002
Martin H. Nesbitt	director	10319 WESTLAKE DRIVE, SUITE 112, BETHESDA MD 20817
Wendolynn Montoya Cloonan	director	1111 LOUISIANA STREET #4600, HOUSTON TX 77002
Wooten Lewis Raquelle	director	1111 LOUISIANA STREET, #4600, HOUSTON TX 77002
Phillip R Smith	director	1111 LOUISIANA, HOUSTON TX 77002
Earl M Cummings	director	1111 LOUISIANA STREET #4600, HOUSTON TX 77002