Cia Paranaense De Energia Copel (BSP:CPLE5) Receivables Turnover : 1.50 (As of Dec. 2023)

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What is Cia Paranaense De Energia Copel 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. Cia Paranaense De Energia Copel's Revenue for the three months ended in Dec. 2023 was R$5,568 Mil. Cia Paranaense De Energia Copel's average Accounts Receivable for the three months ended in Dec. 2023 was R$3,700 Mil. Hence, Cia Paranaense De Energia Copel's Receivables Turnover for the three months ended in Dec. 2023 was 1.50.

Cia Paranaense De Energia Copel Receivables Turnover Historical Data

The historical data trend for Cia Paranaense De Energia Copel'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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Cia Paranaense De Energia Copel Receivables Turnover Chart

Cia Paranaense De Energia Copel Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.23

5.40

6.03

Cia Paranaense De Energia Copel Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															-	1.62	1.58	1.59	1.50

Competitive Comparison of Cia Paranaense De Energia Copel's Receivables Turnover

For the Utilities - Diversified subindustry, Cia Paranaense De Energia Copel'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.

Cia Paranaense De Energia Copel's Receivables Turnover Distribution in the Utilities - Regulated Industry

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

* The bar in red indicates where Cia Paranaense De Energia Copel's Receivables Turnover falls into.

Cia Paranaense De Energia Copel Receivables Turnover Calculation

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

Cia Paranaense De Energia Copel'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 )
=	21479.468	/ (	(3350.653	+	3770.524)	/	2 )
=	21479.468	/	3560.5885
=	6.03

Cia Paranaense De Energia Copel's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	5567.698	/ (	(3628.8	+	3770.524)	/	2 )
=	5567.698	/	3699.662
=	1.50

Cia Paranaense De Energia Copel (BSP:CPLE5) 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.

Cia Paranaense De Energia Copel Receivables Turnover Related Terms

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Cia Paranaense De Energia Copel (BSP:CPLE5) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Cia Paranaense De Energia Copel (BSP:CPLE5) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

ELPC:USA ELP:USA XCOP:Spain ELPA:Germany CPLE6:Brazil CPLE3:Brazil

Address

Rua Jose Izidoro Biazetto, 158, Bloco A, Mossungue, Curitiba, PR, BRA, 81200-240

Website

https://www.copel.com

Cia Paranaense De Energia Copel is primarily involved in the production of power in the Brazilian state of Parana. Specifically, the company's operating segments include power generation and transmission, gas, power distribution, power sale, and Holding and Services. Most of the company's revenue is derived from the sale of electricity. It generates electricity through renewable energy sources such as hydroelectric, wind plants, and thermoelectric plants. The company was designed to allow Parana to manage the distribution of power and related services, so the state is a major shareholder.

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