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Cleco Corporate Holdings Llc (CNL) |
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Clecoorate Holdings Llc Accounts Receivables Turnover Ratio from the second quarter 2023 to the second quarter 2022
Quarterly Results, Trends, Rankings, Statistics
Cleco Corporate Holdings Llc's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the second quarter 2023 to a ratio of 15.32, 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 second quarter 2023. Average receivable collection period, for the Clecoorate Holdings Llc in Jun 30 2023 quarter, has decreased to 24 days, compared to 25 days, in the Mar 31 2023 quarter.
If we take a look into Utilities sector 13 other companies have achieved higher receivables turnover ratio. While receivables turnover ratio total ranking has improved thus far to , from overall ranking in the first quarter 2023 at 737.
What is Receivable Turnover Ratio?
What is Cleco Corporate Holdings Llc Selling?
What is Receivable Turnover Ratio?
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Select the Ratio:
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Accounts Receivables Turnover▼
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Accounts Receivables Turnover▼
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CNL Receivables Turnover Ratio |
(Jun 30 2023) II. Quarter |
(Mar 31 2023) I. Quarter |
(Dec 31 2022) IV. Quarter |
(Sep 30 2022) III. Quarter |
(Jun 30 2022) II. Quarter |
Y / Y Receivable Change |
-56.58 % |
-38.65 % |
49.45 % |
36.4 % |
31.18 % |
Y / Y Revenue Change |
-47.78 % |
-28.63 % |
96.49 % |
30.42 % |
44.01 % |
Receivable Turnover Ratio (TTM) |
15.32 |
14.66 |
14.25 |
12.9 |
13.13 |
CNL's Total
Ranking |
# |
# 737 |
# 854 |
# 1069 |
# 1107 |
Average receivable collection period |
24 |
25 |
26 |
28 |
28 |
Seq. Receivable Change |
-14.88 % |
-52.44 % |
-17.68 % |
30.29 % |
20.28 % |
Seq. Revenue Change |
-11.16 % |
-64.14 % |
32.54 % |
23.67 % |
21.43 % |
Receivable
Turnover Ratio Statistics |
High |
Average |
Low |
16.5 |
12.5 |
9.93 |
(Jun 30 2023) |
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(Sep 30 2019) |
Companies with similar Receivables Turnover Ratio for the quarter ending Jun 30 2023, within Utilities Sector | Receivable Turnover Ratio | Revenues for 12 Months ending Jun 30 2023 | Receivable at quarter ending Jun 30 2023 | Delek Logistics Partners Lp | 38.31 | $ 2,073.328 Millions | $ 54.113 Millions | Enbridge Inc | 28.23 | $ 48,862.370 Millions | $ 1,730.570 Millions | Sempra | 26.05 | $ 16,967.000 Millions | $ 651.250 Millions | American States Water Company | 24.92 | $ 550.989 Millions | $ 22.111 Millions | Xcel Energy Inc | 21.82 | $ 27,168.000 Millions | $ 1,245.000 Millions | Cheniere Energy Inc | 21.68 | $ 29,349.000 Millions | $ 1,354.000 Millions | Hf Sinclair Corporation | 20.00 | $ 34,982.717 Millions | $ 1,749.178 Millions | Evergy Inc | 18.77 | $ 5,839.700 Millions | $ 311.050 Millions | Cheniere Energy Partners L p | 17.61 | $ 14,547.000 Millions | $ 826.250 Millions | Cleco Corporate Holdings Llc | 16.50 | $ 2,173.928 Millions | $ 131.728 Millions | The Southern Company | 15.33 | $ 29,117.000 Millions | $ 1,899.250 Millions | Allete Inc | 15.24 | $ 1,912.400 Millions | $ 125.475 Millions | Targa Resources Corp | 14.40 | $ 17,839.100 Millions | $ 1,238.700 Millions | Oneok Inc | 14.12 | $ 19,198.562 Millions | $ 1,359.371 Millions | Crestwood Equity Partners Lp | 13.50 | $ 5,253.200 Millions | $ 389.200 Millions | Plains All American Pipeline Lp | 13.49 | $ 51,232.000 Millions | $ 3,799.000 Millions | Plains Gp Holdings Lp | 13.49 | $ 51,232.000 Millions | $ 3,799.000 Millions | Wisconsin Public Service Corporation | 13.04 | $ 1,760.300 Millions | $ 135.025 Millions | Ameren Corporation | 12.51 | $ 8,174.000 Millions | $ 653.250 Millions | Excelerate Energy Inc | 12.38 | $ 1,901.799 Millions | $ 153.604 Millions | Wisconsin Electric Power Company | 12.00 | $ 4,047.000 Millions | $ 337.350 Millions | Mge Energy Inc | 11.70 | $ 718.484 Millions | $ 61.413 Millions | Antero Midstream Corporation | 11.39 | $ 959.781 Millions | $ 84.232 Millions | Enlink Midstream Llc | 11.29 | $ 8,011.400 Millions | $ 709.625 Millions | Usa Compression Partners Lp | 11.28 | $ 933.320 Millions | $ 82.707 Millions | Duke Energy Corporation | 11.03 | $ 28,805.000 Millions | $ 2,611.750 Millions | Kinder Morgan Inc | 10.85 | $ 17,145.000 Millions | $ 1,579.500 Millions | Idacorp Inc | 10.62 | $ 1,784.467 Millions | $ 168.095 Millions | Cms energy Corporation | 10.55 | $ 6,921.000 Millions | $ 656.000 Millions | Northwest Natural Holding Company | 10.33 | $ 1,192.374 Millions | $ 115.404 Millions |
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