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Allete Inc Accounts Receivables Turnover Ratio from the forth quarter 2024 to the forth quarter 2023
Quarterly Results, Trends, Rankings, Statistics
Allete Inc 's ability to collect accounts receivable sequentially worsen to 10.93, indicating more challenging environment then in the third quarter 2024, but still, it is a far cry from any concerns. Allete Inc 's Accounts Receivable average collection period in the Dec 31 2024 quarter, has increased to 33 days, from 32 days, in the Sep 30 2024 quarter.
If we take a look into Utilities sector 50 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Dec 31 2024 from 404 to 2713.
What is Receivable Turnover Ratio?
What is Allete Inc Selling?
What is Receivable Turnover Ratio?
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Accounts Receivables Turnover▼
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Accounts Receivables Turnover▼
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| ALE Receivables Turnover Ratio |
(Dec 31 2024)
IV. Quarter |
(Sep 30 2024)
III. Quarter |
(Jun 30 2024)
II. Quarter |
(Mar 31 2024)
I. Quarter |
(Dec 31 2023)
IV. Quarter |
| Y / Y Receivable Change |
7.94 % |
14.38 % |
7.95 % |
18.2 % |
-0.51 % |
| Y / Y Revenue Change |
-9.41 % |
7.5 % |
-33.54 % |
-28.61 % |
-5.43 % |
| Receivable Turnover Ratio (TTM) |
10.93 |
11.42 |
11.57 |
13.16 |
15.03 |
| ALE's Total
Ranking |
# 2713 |
# 404 |
# 752 |
# 2249 |
# 2361 |
| Accounts Receivable average collection period days |
33 |
32 |
32 |
28 |
24 |
| Seq. Receivable Change |
8.26 % |
2.86 % |
-6.47 % |
3.64 % |
14.72 % |
| Seq. Revenue Change |
-10.41 % |
14.87 % |
-12.1 % |
0.15 % |
6.31 % |
| Receivable Turnover Ratio Statistics |
| High |
Average |
Low |
| 0.29 |
0.19 |
-0.02 |
| (Dec 31 2018) |
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(Dec 31 2016) |
| Companies with similar Receivables Turnover Ratio for the quarter ending Dec 31 2024, within Utilities Sector | Receivable Turnover Ratio | Revenues for 12 Months ending Dec 31 2024 | Receivable at quarter ending Dec 31 2024 | | Hallador Energy Co | 26.66 | $ 404.394 Millions | $ 15.168 Millions | | Talen Energy Corporation | 24.72 | $ 4,591.000 Millions | $ 185.750 Millions | | Wisconsin Public Service Corporation | 22.98 | $ 1,560.400 Millions | $ 67.900 Millions | | Sempra | 22.85 | $ 13,185.000 Millions | $ 577.000 Millions | | Cheniere Energy Inc | 22.42 | $ 15,703.000 Millions | $ 700.250 Millions | | Xcel Energy Inc | 20.52 | $ 24,588.000 Millions | $ 1,198.500 Millions | | Cheniere Energy Partners L p | 20.24 | $ 8,704.000 Millions | $ 430.000 Millions | | Evergy Inc | 18.46 | $ 5,847.300 Millions | $ 316.750 Millions | | Hf Sinclair Corporation | 18.23 | $ 28,580.000 Millions | $ 1,567.444 Millions | | Delek Logistics Partners Lp | 18.01 | $ 940.636 Millions | $ 52.215 Millions | | American Electric Power Co Inc | 17.12 | $ 19,721.300 Millions | $ 1,151.700 Millions | | Global Water Resources Inc | 15.46 | $ 52.692 Millions | $ 3.409 Millions | | Duke Energy Corporation | 13.84 | $ 30,357.000 Millions | $ 2,193.250 Millions | | Oneok Inc | 13.14 | $ 21,698.000 Millions | $ 1,651.750 Millions | | Plains All American Pipeline Lp | 12.44 | $ 50,073.000 Millions | $ 4,025.250 Millions | | Plains Gp Holdings Lp | 12.44 | $ 50,073.000 Millions | $ 4,025.250 Millions | | Stabilis Solutions Inc | 12.39 | $ 72.983 Millions | $ 5.890 Millions | | Northwest Natural Holding Company | 12.29 | $ 1,152.994 Millions | $ 93.794 Millions | | Montauk Renewables Inc | 11.78 | $ 175.736 Millions | $ 14.922 Millions | | Targa Resources Corp | 11.66 | $ 16,381.500 Millions | $ 1,405.025 Millions | | Mge Energy Inc | 11.52 | $ 676.944 Millions | $ 58.751 Millions | | Idacorp Inc | 11.12 | $ 1,826.633 Millions | $ 164.255 Millions | | Ameren Corporation | 11.06 | $ 7,623.000 Millions | $ 689.250 Millions | | Kinder Morgan Inc | 11.05 | $ 15,100.000 Millions | $ 1,367.000 Millions | | Allete Inc | 10.93 | $ 1,529.800 Millions | $ 140.025 Millions | | Excelerate Energy Inc | 10.86 | $ 851.437 Millions | $ 78.414 Millions | | Avista Corporation | 10.76 | $ 1,938.000 Millions | $ 180.050 Millions | | Antero Midstream Corporation | 10.55 | $ 1,106.193 Millions | $ 104.809 Millions | | Exelon Corporation | 10.15 | $ 23,028.000 Millions | $ 2,269.250 Millions | | Southwest Gas Holdings Inc | 10.12 | $ 7,749.674 Millions | $ 765.466 Millions |
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