WEC Energy Group (WEC Energy Group) Accounts Receivable

: $1,503 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. WEC Energy Group's accounts receivables for the quarter that ended in Dec. 2023 was $1,503 Mil.

Accounts receivable can be measured by Days Sales Outstanding. WEC Energy Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 61.86.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. WEC Energy Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-97.19.

WEC Energy Group Accounts Receivable Historical Data

The historical data trend for WEC Energy Group'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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WEC Energy Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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1,176.50

1,202.80

1,505.70

1,818.40

1,503.20

WEC Energy Group 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															1,818.40	1,780.60	1,315.10	1,243.20	1,503.20

WEC Energy Group Accounts Receivable Calculation

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

WEC Energy Group 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1503.2	/	2217.5	*	91
=	61.86

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

WEC Energy Group'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)
=	(42.9	+	0.75 * 1503.2	+	0.5 * 775.2	-	31868.2
-	30.4	-	316.9)	/	315.435
=	-97.19

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.

WEC Energy Group Accounts Receivable Related Terms

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WEC Energy Group (WEC Energy Group) Business Description

Industry

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

Comparable Companies

EIX DTE ETR FE XEL ES ED PPL AEE PEG NEE SO DUK LSE:NG. AEP PCG D BOM:532555 EXC BOM:532898

Traded in Other Exchanges

WIC:Germany WIC:Germany W1EC34:Brazil

Address

231 West Michigan Street, P.O. Box 1331, Milwaukee, WI, USA, 53201

Website

https://www.wecenergygroup.com

WEC Energy Group's electric and gas utility businesses serve electric and gas customers in Illinois, Michigan, Minnesota, and Wisconsin service territories. The company also owns a 60% stake in American Transmission Co. WEC's asset mix is approximately 49% electric generation and distribution, 36% gas distribution, 10% electric transmission, and 5% unregulated renewable energy.

Executives

Ulice Jr Payne	director	MANPOWERGROUP INC., 100 MANPOWER PLACE, MILWAUKEE WI 53212
Ave M Bie	director	231 WEST MICHIGAN STREET, MILWAUKEE WI 53203
Scott J Lauber	officer: Vice President and Treasurer	231 W. MICHIGAN STREET, MILWAUKEE WI 53203
Joshua M Erickson	officer: VP and Deputy General Counsel	231 WEST MICHIGAN STREET, MILWAUKEE WI 53203
Glen E Tellock	director	1725 SHEPHERD ROAD, CHATTANOOGA TN 37421
William Mastoris	officer: EVP-Cust. Svc. and Operations	231 WEST MICHIGAN STREET, MILWAUKEE WI 53203
Robert M Garvin	officer: Senior Vice President	231 W. MICHIGAN STREET, MILWAUKEE WI 53203
Molly A Mulroy	officer: EVP & Chief Admin Officer	231 WEST MICHIGAN STREET, MILWAUKEE WI 53203
Anthony Reese	officer: Vice President and Treasurer	231 WEST MICHIGAN STREET, MILWAUKEE WI 53203
Tom Metcalfe	officer: Exec. VP - Generation	231 W. MICHIGAN STREET, MILWAUKEE WI 53203
Thomas K Lane	director	51 JOHN F. KENNEDY PARKWAY, SUITE 200, SHORT HILLS NJ 07078
Cristina A Garcia-thomas	director	231 WEST MICHIGAN STREET, MILWAUKEE WI 53203
Charles R Matthews	officer: President & CEO - PGL/NSG	231 W. MICHIGAN STREET, MILWAUKEE WI 53203
Xia Liu	officer: EVP and CFO	ONE ENERGY PLACE, PENSACOLA FL 32520
Gale E Klappa	director, officer: President	231 W. MICHIGAN STREET, MILWAUKEE WI 53203