CWEN (Clearway Energy) Receivables Turnover : 2.14 (As of Sep. 2024)

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What is Clearway Energy 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. Clearway Energy's Revenue for the three months ended in Sep. 2024 was $486 Mil. Clearway Energy's average Accounts Receivable for the three months ended in Sep. 2024 was $227 Mil. Hence, Clearway Energy's Receivables Turnover for the three months ended in Sep. 2024 was 2.14.

Clearway Energy Receivables Turnover Historical Data

The historical data trend for Clearway Energy'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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Clearway Energy Receivables Turnover Chart

Clearway Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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9.38

9.26

8.96

8.01

8.11

Clearway Energy 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															1.81	1.36	1.48	1.67	2.14

Competitive Comparison of Clearway Energy's Receivables Turnover

For the Utilities - Renewable subindustry, Clearway Energy'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.

Clearway Energy's Receivables Turnover Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Clearway Energy's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Clearway Energy's Receivables Turnover falls into.

Clearway Energy Receivables Turnover Calculation

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

Clearway Energy'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 )
=	1314	/ (	(153	+	171)	/	2 )
=	1314	/	162
=	8.11

Clearway Energy'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 )
=	486	/ (	(255	+	199)	/	2 )
=	486	/	227
=	2.14

Clearway Energy (NYSE:CWEN) 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.

Clearway Energy Receivables Turnover Related Terms

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Clearway Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Clearway Energy Inc (NYSE:CWEN) » Definitions » Receivables Turnover

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Traded in Other Exchanges

CWEN.A:USA NY4B:Germany

Address

300 Carnegie Center, Suite 300, Princeton, NJ, USA, 08540

Website

https://www.clearwayenergy.com

Clearway Energy Inc is a publicly-traded energy infrastructure investor with a focus on investments in clean energy and owner of modern, sustainable and long-term contracted assets across North America. The company segments its operations into conventional power generation, renewables and thermal divisions.

Executives

E Stanley Oneal	director	MERRILL LYNCH CORPORATE SECRETARY, 222 BROADWAY, 17TH FLOOR, NEW YORK NY 10038
Global Infrastructure Investors Iii, Llc	10 percent owner	C/O GLOBAL INFRASTRUCTURE PARTNERS, 1345 AVENUE OF THE AMERICAS, 30TH FLOOR, NEW YORK NY 10105
Se Totalenergies	director, 10 percent owner	2 PLACE JEAN MILLIER, ARCHE NORD COUPOLE/REGNAULT, PARIS LA DEFENSE CEDEX I0 92078
Christopher S Sotos	director	CLEARWAY ENERGY, INC., 300 CARNEGIE CENTER, SUITE 300, PRINCETON NJ 08540
Emmanuel Barrois	director	300 CARNEGIE CENTER, SUITE 300, PRINCETON NJ 08540
Vincent Stoquart	director	C/O SUNPOWER CORPORATION, 51 RIO ROBLES, SAN JOSE CA 95134
Guillaume Hediard	director	300 CARNEGIE CENTER, SUITE 300, PRINCETON NJ 08540
Totalenergies Renewables Usa, Llc	10 percent owner	1201 LOUISIANA STREET, SUITE 1800, HOUSTON TX 77002
Totalenergies Holdings Usa, Inc.	10 percent owner	1201 LOUISIANA STREET, SUITE 1800, HOUSTON TX 77002
Totalenergies Gestion Usa Sarl	10 percent owner	LA DEFENSE 6 2 PLACE JEAN MILLIER, COURBEVOIE, HAUTS-DE-SEINE I0 92400
Totalenergies Delaware, Inc.	10 percent owner	1201 LOUISIANA STREET, SUITE 1800, HOUSTON TX 77002
Zephyr Holdings Gp, Llc	director, 10 percent owner	C/O GLOBAL INFRASTRUCTURE PARTNERS, 1345 AVENUE OF THE AMERICAS, 30TH FLOOR, NEW YORK NY 10105
Gip Iii Zephyr Midco Holdings, L.p.	director, 10 percent owner	C/O GLOBAL INFRASTRUCTURE PARTNERS, 1345 AVENUE OF THE AMERICAS, 30TH FLOOR, NEW YORK NY 10105
Michael Taft Murphy	officer: CHIEF INVESTMENT OFFICER	300 CARNEGIE CENTER, SUITE 300, PRINCETON NJ 08540
Jennifer Elaine Lowry	director	2 HOLLINS AVE, BALTIMORE MD 21210