CMSPB.PFD (Consumers Energy Co) Change In Receivables : $-83.00 Mil (TTM As of Jun. 2024)

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What is Consumers Energy Co Change In Receivables?

Consumers Energy Co's change in receivables for the quarter that ended in Jun. 2024 was $123.00 Mil. It means Consumers Energy Co's Accounts Receivable declined by $123.00 Mil from Mar. 2024 to Jun. 2024 .

Consumers Energy Co's change in receivables for the fiscal year that ended in Dec. 2023 was $219.00 Mil. It means Consumers Energy Co's Accounts Receivable declined by $219.00 Mil from Dec. 2022 to Dec. 2023 .

Consumers Energy Co's Accounts Receivable for the quarter that ended in Jun. 2024 was $803.00 Mil.

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 Receivable are being managed. Consumers Energy Co's Days Sales Outstanding for the three months ended in Jun. 2024 was 47.80.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Consumers Energy Co's liquidation value for the three months ended in Jun. 2024 was $-20,233.25 Mil.

Consumers Energy Co Change In Receivables Historical Data

The historical data trend for Consumers Energy Co's Change In Receivables 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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Consumers Energy Co Change In Receivables Chart

Consumers Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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48.00

-5.00

-103.00

-660.00

219.00

Consumers Energy Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Change In Receivables	Get a 7-Day Free Trial															296.00	21.00	-255.00	28.00	123.00

Consumers Energy Co Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-83.00 Mil.

Consumers Energy Co (NYSE:CMSpB.PFD) Change In Receivables 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 Receivable are being managed.

Consumers Energy Co's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	803	/	1533	*	91
=	47.80

2. In Ben Graham's calculation of liquidation value, Consumers Energy Co's accounts receivable are only considered to be worth 75% of book value:

Consumers Energy Co's liquidation value for the quarter that ended in Jun. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	607	-	21825	+	0.75 * 803	+	0.5 * 765
=	-20,233.25

Consumers Energy Co Change In Receivables Related Terms

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Consumers Energy Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Consumers Energy Co (NYSE:CMSpB.PFD) » Definitions » Change In Receivables

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Address

One Energy Plaza, Jackson, MI, USA, 49201

Website

http://www.consumersenergy.com

Consumers Energy Co operates as an electric and gas utility in Michigan. The business activity of the group is functioned through three segments namely Electric Utility, Gas Utility, and Enterprises, its non-utility operations and investments. The Electric Utility segment refers to the generation, purchase, transmission, distribution, and sale of electricity. The Gas Utility segment is comprised of the purchase, transmission, storage, distribution, and sale of natural gas. The group primarily serves residential, commercial, and industrial customers. Geographically, it operates through the region of Michigan, US.

Executives

Ralph Izzo	director	PSEG 80 PARK PLAZA, T6B NEWARK NJ 07102-4194
Tonya L Berry	officer: Senior Vice President	ONE ENERGY PLAZA, JACKSON MI 49201
Scott B Mcintosh	officer: VP, Controller, CAO	ONE ENERGY PLAZA, JACKSON MI 49201
Leeroy Jr Wells	officer: Senior Vice President	ONE ENERGY PLAZA, JACKSON MI 49201
Ronald J Tanski	director	NATIONAL FUEL GAS COMPANY, 6363 MAIN ST, WILLIAMSVILLE NY 14221
Shaun M Johnson	officer: SVP and General Counsel	ONE ENERGY PLAZA, JACKSON MI 49201
Suzanne F. Shank	director	C/O PENSARE SPONSOR GROUP, LLC, 1720 PEACHTREE STREET, SUITE 629, ATLANTA GA 30309
Brandon J. Hofmeister	officer: Senior Vice President	ONE ENERGY PLAZA, JACKSON MI 49201
Rejji P Hayes	officer: EVP/CFO	ONE ENERGY PLAZA, JACKSON MI 49201
Jean-francois Brossoit	officer: Senior Vice President	ONE ENERGY PLAZA, JACKSON MI 49201
Catherine A Hendrian	officer: Senior Vice President	ONE ENERGY PLAZA, JACKSON MI 49201
Dhenuvakonda Rao Venkat	officer: Senior Vice President	ONE ENERGY PLAZA, JACKSON MI 49201
Brian F Rich	officer: SVP and CIO	ONE ENERGY PLAZA, JACKSON MI 49201
John G Sznewajs	director	17450 COLLEGE PARKWAY, LIVONIA MI 48152
Garrick J Rochow	officer: Vice President	ONE ENERGY PLAZA, JACKSON MI 49201

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