Pinnacle West Capital (Pinnacle West Capital) Accounts Receivable

: $514 Mil (As of Dec. 2023)

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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Pinnacle West Capital's accounts receivables for the quarter that ended in Dec. 2023 was $514 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Pinnacle West Capital's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 47.29.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Pinnacle West Capital's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-157.34.

Pinnacle West Capital Accounts Receivable Historical Data

The historical data trend for Pinnacle West Capital'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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Pinnacle West Capital Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

266.43

313.58

391.92

453.21

513.89

Pinnacle West Capital Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable																453.21	449.10	474.55	664.94	513.89

Pinnacle West Capital Accounts Receivable Calculation

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

Pinnacle West Capital 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.

Pinnacle West Capital's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	513.892	/	991.574	*	91
=	47.29

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

Pinnacle West Capital'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)
=	(4.955	+	0.75 * 513.892	+	0.5 * 493.547	-	18376.291
-	0	-	107.198)	/	113.424
=	-157.34

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.

Pinnacle West Capital Accounts Receivable Related Terms

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Pinnacle West Capital (Pinnacle West Capital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Pinnacle West Capital Corp (NYSE:PNW) » Definitions » Accounts Receivable

Comparable Companies

OGE IDA EVRG POR LNT PNM AGR MGEE HE GNE NEE SO DUK LSE:NG. AEP PCG D BOM:532555 EXC PEG

Traded in Other Exchanges

PWC:Germany

Address

400 North Fifth Street, P.O. Box 53999, Phoenix, AZ, USA, 85072-3999

Website

https://www.pinnaclewest.com

Pinnacle West is a holding company whose principal subsidiary is Arizona Public Service, a vertically integrated electric utility that serves 1.4 million customers across a 35,000-square-mile territory in central Arizona, including Phoenix. APS owns or leases more than 6 gigawatts of power generation capacity, including a 29% ownership stake in the largest nuclear plant in the U.S., Palo Verde. About half of the electricity that APS supplies to customers comes from clean energy sources, including nuclear.

Executives

Robert Edgar Smith	officer: EVP, GC, and CDO	400 NORTH FIFTH STREET, MAIL STATION 8602, PHOENIX AZ 85004
Paul J Mountain	officer: VP, Finance and Treasurer	400 N 5TH ST, PHOENIX AZ 85004
Jeffrey B. Guldner	director, officer: Chairman, President and CEO	400 N. FIFTH STREET, MS8695, PHOENIX AZ 85004
Donna M Easterly	other: SVP HR APS	400 NORTH FIFTH STREET, MAIL STATION 8602, PHOENIX AZ 85004
Elizabeth A Blankenship	officer: VP, Controller and CAO	400 NORTH FIFTH STREET, MAIL STATION 8602, PHOENIX AZ 85004
Andrew D Cooper	officer: SVP & CFO	400 NORTH 5TH STREET, MS 8602, PHOENIX AZ 85004
Jacob Tetlow	other: EVP, Ops, APS	400 N. FIFTH ST, MS 8602, PHOENIX AZ 85004
Theodore N Geisler	other: President, APS	400 NORTH FIFTH STREET, MAIL STATION 8602, PHOENIX AZ 85004
Kristine L Svinicki	director	30 IVAN ALLEN JR BLVD NW, ATLANTA GA 30308
Esparza Jose Luis Jr	other: SVP, Public Policy, APS	8360 S. DURANGO DR., LAS VEGAS NV 89113
Barbara D Lockwood	other: VP, Regulation, APS	400 NORTH FIFTH STREET, MAIL STATION 8602, PHOENIX AZ 85004
Adam C Heflin	other: EVP & CNO	1901 CHOUTEAU AVENUE, P. O. BOX 66149, MC-1370, ST. LOUIS MO 63166-6149
De La Melena Gonzalo A Jr	director	400 N 5TH ST, PHOENIX AZ 85004
James R Hatfield	officer: SVP & CFO, PNW & APS	P O BOX 321 MC/1110, OKLAHOMA CITY OK 73101
William H Spence	director	UNIVERSITY OFFICE PLAZA, 252 CHAPMAN RD., PO BOX 6066, NEWARK DE 19714-0066