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. NextEra Energy's Revenue for the
three
months ended in Sep. 2024 was $7,567 Mil. NextEra Energy's average Accounts Receivable for the
three
months ended in Sep. 2024 was $3,577 Mil.
Hence, NextEra Energy's Receivables Turnover for the
three
months ended in Sep. 2024 was 2.12.
NextEra Energy Receivables Turnover Historical Data
The historical data trend for NextEra 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.
Competitive Comparison of NextEra Energy's Receivables Turnover
For the Utilities - Regulated Electric subindustry, NextEra 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.
NextEra Energy's Receivables Turnover Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, NextEra Energy's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where NextEra Energy's Receivables Turnover falls into.
NextEra Energy Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
NextEra Energy's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
NextEra Energy (NYSE:NEE) 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.
NextEra Energy Receivables Turnover Related Terms
Thank you for viewing the detailed overview of NextEra Energy's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
NextEra Energy's regulated utility, Florida Power & Light, is the largest rate-regulated utility in Florida. The utility distributes power to nearly 6 million customer accounts in Florida and owns 34 gigawatts of generation. FP&L contributes roughly 70% of NextEra's consolidated operating earnings. NextEra Energy Resources, the renewable energy segment, generates and sells power throughout the United States and Canada with more than 34 GW of generation capacity, including natural gas, nuclear, wind, and solar.
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