Algonquin Power & Utilities (TSX:AQN) Receivables Turnover : 1.68 (As of Dec. 2023)

View and export this data going back to 1997. Start your Free Trial

What is Algonquin Power & Utilities 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. Algonquin Power & Utilities's Revenue for the three months ended in Dec. 2023 was C$895 Mil. Algonquin Power & Utilities's average Accounts Receivable for the three months ended in Dec. 2023 was C$531 Mil. Hence, Algonquin Power & Utilities's Receivables Turnover for the three months ended in Dec. 2023 was 1.68.

Algonquin Power & Utilities Receivables Turnover Historical Data

The historical data trend for Algonquin Power & Utilities'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.

* Premium members only.

Algonquin Power & Utilities Receivables Turnover Chart

Algonquin Power & Utilities Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

7.59

6.71

8.51

8.35

6.74

Algonquin Power & Utilities 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															2.00	1.92	1.43	1.57	1.68

Competitive Comparison of Algonquin Power & Utilities's Receivables Turnover

For the Utilities - Renewable subindustry, Algonquin Power & Utilities'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.

Algonquin Power & Utilities's Receivables Turnover Distribution in the Utilities - Independent Power Producers Industry

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

* The bar in red indicates where Algonquin Power & Utilities's Receivables Turnover falls into.

Algonquin Power & Utilities Receivables Turnover Calculation

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

Algonquin Power & Utilities'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 )
=	3619.657	/ (	(514.929	+	559.706)	/	2 )
=	3619.657	/	537.3175
=	6.74

Algonquin Power & Utilities'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 )
=	894.551	/ (	(503.137	+	559.706)	/	2 )
=	894.551	/	531.4215
=	1.68

Algonquin Power & Utilities (TSX:AQN) 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.

Algonquin Power & Utilities Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Algonquin Power & Utilities's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Algonquin Power & Utilities (TSX:AQN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Algonquin Power & Utilities Corp (TSX:AQN) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

AQNU:USA AGQPF.PFD:USA AQN:USA 751:Germany AQN.PR.D.PFD:Canada AQN.PR.A.PFD:Canada

Address

354 Davis Road, Oakville, ON, CAN, L6J 2X1

Website

https://www.algonquinpower.com

Algonquin Power & Utilities Corp, a parent company of Liberty, is a diversified international generation, transmission, and distribution utility with over $16 billion of total assets. Through its two business groups, the Regulated Services Group and the Renewable Energy Group, AQN is committed to providing safe, secure, reliable, cost-effective, and sustainable energy and water solutions through its portfolio of electric generation, transmission, and distribution utility investments to over one million customer connections, largely in the United States and Canada. AQN provides renewable energy through its portfolio of long-term contracted wind, solar, and hydroelectric generating facilities.