CPFL Energia (BSP:CPFE3) Receivables Turnover : 1.81 (As of Sep. 2024)

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What is CPFL Energia 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. CPFL Energia's Revenue for the three months ended in Sep. 2024 was R$10,854 Mil. CPFL Energia's average Accounts Receivable for the three months ended in Sep. 2024 was R$5,996 Mil. Hence, CPFL Energia's Receivables Turnover for the three months ended in Sep. 2024 was 1.81.

CPFL Energia Receivables Turnover Historical Data

The historical data trend for CPFL Energia'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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CPFL Energia Receivables Turnover Chart

CPFL Energia Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.28

6.06

7.38

7.50

7.06

CPFL Energia Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															1.90	1.81	1.61	1.58	1.81

Competitive Comparison of CPFL Energia's Receivables Turnover

For the Utilities - Regulated Electric subindustry, CPFL Energia'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.

CPFL Energia's Receivables Turnover Distribution in the Utilities - Regulated Industry

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

* The bar in red indicates where CPFL Energia's Receivables Turnover falls into.

CPFL Energia Receivables Turnover Calculation

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

CPFL Energia'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 )
=	39743.191	/ (	(5071.13	+	6190.13)	/	2 )
=	39743.191	/	5630.63
=	7.06

CPFL Energia's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	10854.451	/ (	(5802.88	+	6188.778)	/	2 )
=	10854.451	/	5995.829
=	1.81

CPFL Energia (BSP:CPFE3) 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.

CPFL Energia Receivables Turnover Related Terms

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CPFL Energia Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » CPFL Energia SA (BSP:CPFE3) » Definitions » Receivables Turnover

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Address

Rua Jorge Figueiredo Correa, No. 1632, Jardim Professora Tarcilia, Campinas, Sao Paulo, SP, BRA, 13087-397

Website

https://www.cpfl.com.br

CPFL Energia SA is the holding company of the CPFL Group, operating in Brazil's electricity sector, implementing and operating projects and concessions in the energy distribution, generation, transmission, and trading segments and related activities through its subsidiaries and affiliate companies. The Group's operating segments are electric energy distribution, electric energy generation, electric energy commercialization, and services rendered activities. It derives a majority of its revenue from the distribution segment.

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