GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » NextEra Energy Inc (WBO:NEE) » Definitions » Accounts Receivable

NextEra Energy (WBO:NEE) Accounts Receivable : €2,869 Mil (As of Mar. 2024)


View and export this data going back to 2018. Start your Free Trial

What is NextEra Energy Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. NextEra Energy's accounts receivables for the quarter that ended in Mar. 2024 was €2,869 Mil.

Accounts receivable can be measured by Days Sales Outstanding. NextEra Energy's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 49.66.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. NextEra Energy's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was €-56.54.


NextEra Energy Accounts Receivable Historical Data

The historical data trend for NextEra 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.

* Premium members only.

NextEra Energy Accounts Receivable Chart

NextEra Energy Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,053.80 1,860.19 2,989.53 4,105.46 3,309.45

NextEra Energy Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Accounts Receivable 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 3,058.85 3,301.57 3,779.86 3,309.45 2,869.48

NextEra Energy Accounts Receivable Calculation

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


NextEra 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.

NextEra Energy's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=2869.48/5272.52*91
=49.66

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

NextEra Energy's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 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)
=(1510.64+0.75 * 2869.48+0.5 * 1960.52-110916.12
-0-9888.16)/2054.53
=-56.54

* 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.


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.


NextEra Energy Accounts Receivable Related Terms

Thank you for viewing the detailed overview of NextEra Energy's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.


NextEra Energy (WBO:NEE) Business Description

Address
700 Universe Boulevard, Juno Beach, FL, USA, 33408
NextEra Energy's regulated utility, Florida Power & Light, is the largest rate-regulated utility in Florida. The utility distributes power to nearly 6 million customer accounts in Florida and owns 32 gigawatts of generation. FP&L contributes roughly 70% of NextEra's consolidated operating earnings. NextEra Energy Resources, the renewable energy segment, generates and sells power throughout the United States and Canada with more than 25 GW of generation capacity, including natural gas, nuclear, wind, and solar.