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CMS Energy (CMS Energy) Days Sales Outstanding : 37.97 (As of Dec. 2023)


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What is CMS Energy Days Sales Outstanding?

CMS Energy's average Accounts Receivable for the three months ended in Dec. 2023 was $812 Mil. CMS Energy's Revenue for the three months ended in Dec. 2023 was $1,950 Mil. Hence, CMS Energy's Days Sales Outstanding for the three months ended in Dec. 2023 was 37.97.

The historical rank and industry rank for CMS Energy's Days Sales Outstanding or its related term are showing as below:

CMS' s Days Sales Outstanding Range Over the Past 10 Years
Min: 44.9   Med: 51.09   Max: 61.07
Current: 48.1

During the past 13 years, CMS Energy's highest Days Sales Outstanding was 61.07. The lowest was 44.90. And the median was 51.09.

CMS's Days Sales Outstanding is ranked better than
56.32% of 506 companies
in the Utilities - Regulated industry
Industry Median: 53 vs CMS: 48.10

CMS Energy's Days Sales Outstanding declined from Dec. 2022 (54.86) to Dec. 2023 (37.97).


CMS Energy Days Sales Outstanding Historical Data

The historical data trend for CMS Energy's Days Sales Outstanding 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.

* Premium members only.

CMS Energy Days Sales Outstanding Chart

CMS Energy Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Sales Outstanding
Get a 7-Day Free Trial Premium Member Only Premium Member Only 51.82 50.47 44.90 52.97 61.07

CMS Energy Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Days Sales Outstanding Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 54.86 51.66 50.76 38.13 37.97

Competitive Comparison of CMS Energy's Days Sales Outstanding

For the Utilities - Regulated Electric subindustry, CMS Energy's Days Sales Outstanding, along with its competitors' market caps and Days Sales Outstanding data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


CMS Energy's Days Sales Outstanding Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, CMS Energy's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where CMS Energy's Days Sales Outstanding falls into.



CMS Energy Days Sales Outstanding Calculation

Days Sales Outstanding measures 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 Receivable are being managed.

Accounts Receivable can be measured by Days Sales Outstanding.

CMS Energy's Days Sales Outstanding for the fiscal year that ended in Dec. 2023 is calculated as

Days Sales Outstanding (A: Dec. 2023 )
=Average Accounts Receivable /Revenue*Days in Period
=( (Accounts Receivable (A: Dec. 2022 ) + Accounts Receivable (A: Dec. 2023 )) / count ) / Revenue (A: Dec. 2023 )*Days in Period
=( (1564 + 933) / 2 ) / 7462*365
=1248.5 / 7462*365
=61.07

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

Days Sales Outstanding (Q: Dec. 2023 )
=Average Accounts Receivable /Revenue*Days in Period
=( (Accounts Receivable (A: Sep. 2023 ) + Accounts Receivable (A: Dec. 2023 )) / count ) / Revenue (A: Dec. 2023 )*Days in Period
=( (690 + 933) / 2 ) / 1950*365 / 4
=811.5 / 1950*365 / 4
=37.97

* 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.


CMS Energy  (NYSE:CMS) Days Sales Outstanding Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.


CMS Energy Days Sales Outstanding Related Terms

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CMS Energy (CMS Energy) Business Description

Traded in Other Exchanges
Address
One Energy Plaza, Jackson, MI, USA, 49201
CMS Energy is an energy holding company with three principal businesses. Its regulated utility, Consumers Energy, provides regulated natural gas service to 1.8 million customers and electric service to 1.9 million customers in Michigan. CMS Enterprises is engaged in wholesale power generation, including contracted renewable energy. CMS sold EnerBank in October 2021.
Executives
Brandon J. Hofmeister officer: Senior Vice President ONE ENERGY PLAZA, JACKSON MI 49201
Brian F Rich officer: Senior Vice President ONE ENERGY PLAZA, JACKSON MI 49201
John G Russell director ONE ENERGY PLAZA, JACKSON MI 49201
Jon E Barfield director 1255 COTTINGHAM RO HOME, BLOOMFIELD HILLS MI 48304
Catherine A Hendrian officer: Senior Vice President ONE ENERGY PLAZA, JACKSON MI 49201
Ralph Izzo director PSEG 80 PARK PLAZA, T6B NEWARK NJ 07102-4194
Shaun M Johnson officer: SVP and General Counsel ONE ENERGY PLAZA, JACKSON MI 49201
Scott B Mcintosh officer: VP, Controller, CAO ONE ENERGY PLAZA, JACKSON MI 49201
Dhenuvakonda Rao Venkat officer: Senior Vice President ONE ENERGY PLAZA, JACKSON MI 49201
Tonya L Berry officer: Senior Vice President ONE ENERGY PLAZA, JACKSON MI 49201
Jean-francois Brossoit officer: Senior Vice President ONE ENERGY PLAZA, JACKSON MI 49201
Glenn P Barba officer: VP, Controller, CAO ONE ENERGY PLAZA, JACKSON MI 49201
William D Harvey director 5 SHADE TREE COURT, MADISON WI 53717
Ronald J Tanski director NATIONAL FUEL GAS COMPANY, 6363 MAIN ST, WILLIAMSVILLE NY 14221
Kurt L Darrow director ONE LA-Z-BOY DRIVE, MONROE MI 48162

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