Avangrid Inc 's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the third quarter 2024 to a ratio of 5.85, above the company average. This is a clear sign of healthy business climate in the Electric Utilities industry and improving liquidity at their respective customers, during the third quarter 2024. Average receivable collection period, for the Avangrid Inc in Sep 30 2024 quarter, has decreased to 62 days, compared to 64 days, in the Jun 30 2024 quarter.

If we take a look into Utilities sector 79 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Sep 30 2024 from 209 to 2941.

What is Receivable Turnover Ratio?
What is Avangrid Inc Selling?

What is Receivable Turnover Ratio?

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AGR Receivables Turnover Ratio	(Sep 30 2024) III. Quarter	(Jun 30 2024) II. Quarter	(Mar 31 2024) I. Quarter	(Dec 31 2023) IV. Quarter	(Sep 30 2023) III. Quarter
Y / Y Receivable Change	-4.59 %	1.78 %	-1.86 %	-8.84 %	5.2 %
Y / Y Revenue Change	5.52 %	21.17 %	-1.99 %	5.75 %	7.4 %
Receivable Turnover Ratio (TTM)	5.85	5.71	5.51	5.51	5.3
AGR's Total Ranking	# 2941	# 209	# 1845	# 2336	# 2610
Accounts Receivable average collection period days	62	64	66	66	69
Seq. Receivable Change	-1.67 %	-16.16 %	3.27 %	12.07 %	4.89 %
Seq. Revenue Change	8.32 %	-20.44 %	5.92 %	15.6 %	24.39 %

Receivable Turnover Company Ranking
Within:	No.
Electric Utilities Industry	# 40
Utilities Sector	# 80
Overall Market	# 2941

Receivable Turnover Ratio Statistics
High	Average	Low
0.2	0.19	0.17
(Dec 31 2018)		(Jun 30 2021)

AGR Company Profile • Back to AGR Efficiency Comparisons • Compare AGR Receivables Turnover Ratio to its Competitors

Financial Statements
Avangrid Inc 's Accounts Receivable	$ 1,352 Millions	Visit AGR's Balance sheet
Avangrid Inc 's Sales TTM	$ 8,705 Millions	Visit AGR's Income Statement
Sources of AGR's Revenues		Visit AGR's Sales by Geography

Other Accounts Receivable Turnover Ratios
Electric Utilities Industry Accounts Receivable Turnover Trends and Statistics
Utilities Sector Accounts Receivable Turnover Statistics
Accounts Receivables Turnover Trends for overall market
AGR's Receivable Turnover Ratio versus Electric Utilities Industry, Utilities Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover

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AGR's Profitability Ratios	AGR's Roi	AGR's Asset Turnover Ratio	AGR's Dividend Growth
AGR's Valuation Ratios	AGR's Roe	AGR's Financial Strength Ratios	AGR's Dividend Payout Ratio

Companies with similar Receivables Turnover Ratio for the quarter ending Sep 30 2024, within Utilities Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Sep 30 2024	Receivable at quarter ending Sep 30 2024
Hf Sinclair Corporation	17.68	$ 29,740.252 Millions	$ 1,682.605 Millions
Duke Energy Corporation	15.79	$ 30,209.000 Millions	$ 1,913.250 Millions
Global Water Resources Inc	15.03	$ 51.809 Millions	$ 3.448 Millions
Puget Energy Inc	13.48	$ 4,846.668 Millions	$ 359.611 Millions
Oneok Inc	13.32	$ 19,933.000 Millions	$ 1,496.500 Millions
Plains All American Pipeline Lp	12.62	$ 50,369.000 Millions	$ 3,990.000 Millions
Plains Gp Holdings Lp	12.62	$ 50,369.000 Millions	$ 3,990.000 Millions
Northwest Natural Holding Company	12.23	$ 1,137.832 Millions	$ 93.067 Millions
Montauk Renewables Inc	12.14	$ 194.848 Millions	$ 16.057 Millions
Targa Resources Corp	11.85	$ 16,215.700 Millions	$ 1,368.200 Millions
Ameren Corporation	11.75	$ 7,300.000 Millions	$ 621.500 Millions
Stabilis Solutions Inc	11.73	$ 73.504 Millions	$ 6.268 Millions
Allete Inc	11.42	$ 1,567.700 Millions	$ 137.300 Millions
Mge Energy Inc	11.36	$ 670.181 Millions	$ 59.003 Millions
Excelerate Energy Inc	11.23	$ 816.929 Millions	$ 72.745 Millions
Enlink Midstream Llc	11.10	$ 6,663.700 Millions	$ 600.425 Millions
New Jersey Resources Corporation	11.05	$ 1,796.539 Millions	$ 162.654 Millions
Antero Midstream Corporation	10.99	$ 1,078.886 Millions	$ 98.166 Millions
Kinder Morgan Inc	10.92	$ 15,151.000 Millions	$ 1,387.500 Millions
Idacorp Inc	10.90	$ 1,840.455 Millions	$ 168.782 Millions
Avista Corporation	10.51	$ 1,922.590 Millions	$ 182.986 Millions
Constellation Energy Corporation	10.48	$ 23,982.000 Millions	$ 2,288.500 Millions
Rgc Resources Inc	10.47	$ 84.641 Millions	$ 8.081 Millions
Enbridge Inc	10.35	$ 38,382.096 Millions	$ 3,707.430 Millions
Itc Holdings Corp	10.05	$ 1,608.000 Millions	$ 160.000 Millions
Boardwalk Pipeline Partners Lp	9.97	$ 1,970.500 Millions	$ 197.575 Millions
Exelon Corporation	9.96	$ 22,924.000 Millions	$ 2,302.000 Millions
Kinetik Holdings Inc	9.88	$ 1,446.081 Millions	$ 146.413 Millions
Southwest Gas Holdings Inc	9.67	$ 7,795.305 Millions	$ 806.328 Millions
Berkshire Hathaway Energy Company	9.66	$ 25,577.000 Millions	$ 2,647.250 Millions

Date modified: 2026-08-29T17:35:14+00:00

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