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Ameren Illinois Co (Ameren Illinois Co) Receivables Turnover : 3.15 (As of Mar. 2024)


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What is Ameren Illinois Co Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Ameren Illinois Co's Revenue for the three months ended in Mar. 2024 was $1,000.00 Mil. Ameren Illinois Co's average Accounts Receivable for the three months ended in Mar. 2024 was $317.50 Mil. Hence, Ameren Illinois Co's Receivables Turnover for the three months ended in Mar. 2024 was 3.15.


Ameren Illinois Co Receivables Turnover Historical Data

The historical data trend for Ameren Illinois Co's Receivables Turnover 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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Ameren Illinois Co Receivables Turnover Chart

Ameren Illinois Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.36 9.37 10.53 12.42 10.54

Ameren Illinois Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Receivables Turnover 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 2.85 2.19 2.63 2.67 3.15

Competitive Comparison of Ameren Illinois Co's Receivables Turnover

For the Utilities - Regulated Electric subindustry, Ameren Illinois Co's Receivables Turnover, along with its competitors' market caps and Receivables Turnover 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.


Ameren Illinois Co's Receivables Turnover Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Ameren Illinois Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Ameren Illinois Co's Receivables Turnover falls into.



Ameren Illinois Co Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Ameren Illinois Co's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Receivables Turnover (A: Dec. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2023 ) / ((Accounts Receivable (A: Dec. 2022 ) + Accounts Receivable (A: Dec. 2023 )) / count )
=3482 / ((353 + 308) / 2 )
=3482 / 330.5
=10.54

Ameren Illinois Co's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

Receivables Turnover (Q: Mar. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Mar. 2024 ) / ((Accounts Receivable (Q: Dec. 2023 ) + Accounts Receivable (Q: Mar. 2024 )) / count )
=1000 / ((308 + 327) / 2 )
=1000 / 317.5
=3.15

* 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.


Ameren Illinois Co  (OTCPK:AILIP.PFD) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.


Ameren Illinois Co Receivables Turnover Related Terms

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Ameren Illinois Co (Ameren Illinois Co) Business Description

Address
6 Executive Drive, Collinsville, IL, USA, 62234
Ameren Illinois Co an Illinois corporation is a subsidiary of Ameren Corporation. It operates a rate-regulated electric and natural gas transmission and distribution business in Illinois. It supplies electric and natural gas utility service to portions of central and southern Illinois having an estimated population of 3.1 million in an area of 40,000square miles. It supplies electric service to around 1.2 million customers and natural gas service to almost 806,000 customers.

Ameren Illinois Co (Ameren Illinois Co) Headlines

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