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Pinnacle West Capital Corporation  (PNW)
Other Ticker:  
 
    Sector  Utilities    Industry Electric Utilities
   Industry Electric Utilities
   Sector  Utilities
 

Pinnacle West Capital Accounts Receivables Turnover Ratio from the first quarter 2024 to the first quarter 2023

Quarterly Results, Trends, Rankings, Statistics


Pinnacle West Capital Corporation's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the first quarter 2024 to a ratio of 9.05, 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 first quarter 2024. Average receivable collection period, for the Pinnacle West Capital in Mar 31 2024 quarter, has decreased to 40 days, compared to 41 days, in the Dec 31 2023 quarter.

If we take a look into Utilities sector 63 other companies have achieved higher receivables turnover ratio. While receivables turnover ratio total ranking has improved thus far to 2156, from overall ranking in the forth quarter 2023 at 2471.

What is Receivable Turnover Ratio?
What is Pinnacle West Capital Corporation Selling?


What is Receivable Turnover Ratio?




PNW Receivables Turnover Ratio (Mar 31 2024)
I. Quarter
(Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
Y / Y Receivable Change -5.21 % 13.39 % 10.24 % 12.91 % 38.33 %
Y / Y Revenue Change 0.72 % -1.76 % 11.42 % 5.65 % 20.6 %
Receivable Turnover Ratio (TTM) 9.05 8.93 9.23 9.18 9.32
PNW's Total Ranking # 2156 # 2471 # 2408 # 1400 # 1230
Average receivable collection period 40 41 40 40 39
Seq. Receivable Change -17.16 % -22.72 % 40.12 % 5.67 % -0.91 %
Seq. Revenue Change -4.02 % -39.46 % 46.01 % 18.7 % -6.38 %


Receivable Turnover Company Ranking
Within: No.
Electric Utilities Industry # 30
Utilities Sector # 64
Overall Market # 2156

Receivable Turnover Ratio Statistics
High Average Low
0.32 0.24 0.18
(June 30. 2008)   (Jun 30 2022)






Financial Statements
Pinnacle West Capital's Accounts Receivable $ 426 Millions Visit PNW's Balance sheet
Pinnacle West Capital's Sales TTM $ 4,703 Millions Visit PNW's Income Statement
Where are PNW's Sales coming from? Visit PNW'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
PNW's Receivable Turnover Ratio versus Electric Utilities Industry, Utilities Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover
Accounts Receivable Turnover for PNW's Competitors
Receivables Turnover Ratio for PNW's Suppliers
Accounts Receivables Turnover Ratio for PNW's Customers

You may also want to know
PNW's Growth Rates PNW's Roa PNW's Inventory Turnover Ratio PNW's Dividend Comparisons
PNW's Profitability Ratios PNW's Roi PNW's Asset Turnover Ratio PNW's Dividend Growth
PNW's Valuation Ratios PNW's Roe PNW's Financial Strength Ratios PNW's Dividend Payout Ratio



Companies with similar Receivables Turnover Ratio for the quarter ending Mar 31 2024, within Utilities Sector Receivable Turnover Ratio Revenues for 12 Months ending Mar 31 2024 Receivable at quarter ending Mar 31 2024
Wisconsin Public Service Corporation  29.51 $ 1,617.100  Millions$ 54.800  Millions
Wisconsin Electric Power Company  27.87 $ 3,991.900  Millions$ 143.250  Millions
National Grid Plc  23.41 $ 19,850.000  Millions$ 848.000  Millions
Cheniere Energy Partners L p   22.98 $ 9,042.000  Millions$ 393.500  Millions
Sempra  21.53 $ 13,800.000  Millions$ 641.000  Millions
Cheniere Energy Inc   21.01 $ 17,337.000  Millions$ 825.250  Millions
Xcel Energy Inc   20.67 $ 25,143.000  Millions$ 1,216.500  Millions
Evergy Inc   19.98 $ 5,542.400  Millions$ 277.450  Millions
Hf Sinclair Corporation  17.08 $ 31,426.398  Millions$ 1,839.743  Millions
Oncor Electric Delivery Company Llc  14.54 $ 7,042.844  Millions$ 484.218  Millions
Allete Inc   13.16 $ 1,718.200  Millions$ 130.550  Millions
Plains All American Pipeline Lp  12.67 $ 48,366.000  Millions$ 3,818.250  Millions
Plains Gp Holdings Lp  12.67 $ 48,366.000  Millions$ 3,818.250  Millions
Duke Energy Corporation  12.51 $ 29,455.000  Millions$ 2,355.250  Millions
Northwest Natural Holding Company  12.25 $ 1,168.522  Millions$ 95.415  Millions
Ameren Corporation  12.11 $ 7,254.000  Millions$ 599.000  Millions
Oneok Inc   11.96 $ 17,937.000  Millions$ 1,499.500  Millions
Antero Midstream Corporation  11.80 $ 1,102.434  Millions$ 93.401  Millions
Enlink Midstream Llc  11.11 $ 6,780.500  Millions$ 610.575  Millions
Stabilis Solutions Inc   10.73 $ 65.080  Millions$ 6.068  Millions
Kinder Morgan Inc   10.58 $ 15,288.000  Millions$ 1,444.500  Millions
Rgc Resources Inc   10.57 $ 83.207  Millions$ 7.870  Millions
Idacorp Inc   10.55 $ 1,785.633  Millions$ 169.236  Millions
Enbridge Inc   9.88 $ 35,539.470  Millions$ 3,595.528  Millions
Berkshire Hathaway Energy Company  9.84 $ 25,367.000  Millions$ 2,577.750  Millions
Nisource Inc   9.35 $ 13,694.700  Millions$ 1,464.850  Millions
Usa Compression Partners Lp  9.25 $ 878.330  Millions$ 94.956  Millions
Southwest Gas Holdings Inc   9.12 $ 8,185.630  Millions$ 897.347  Millions
Pinnacle West Capital Corporation  9.03 $ 4,702.748  Millions$ 520.916  Millions
New Jersey Resources Corporation  8.99 $ 1,720.523  Millions$ 191.381  Millions

Date modified: 2024-05-03T00:54:38+00:00



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