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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. Quanta Services's Revenue for the three months ended in Jun. 2024 was $5,594 Mil. Quanta Services's average Accounts Receivable for the three months ended in Jun. 2024 was $4,263 Mil. Hence, Quanta Services's Receivables Turnover for the three months ended in Jun. 2024 was 1.31.
The historical data trend for Quanta Services'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.
Quanta Services Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Receivables Turnover | Get a 7-Day Free Trial | 4.75 | 4.10 | 4.24 | 4.83 | 5.17 |
Quanta Services Quarterly Data | ||||||||||||||||||||
Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | |
Receivables Turnover | Get a 7-Day Free Trial | 1.31 | 1.34 | 1.32 | 1.18 | 1.31 |
For the Engineering & Construction subindustry, Quanta Services'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.
For the Construction industry and Industrials sector, Quanta Services's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Quanta Services's Receivables Turnover falls into.
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Quanta Services'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 ) |
= | 20882.206 | / ( | (3674.525 | + | 4410.829) | / | 2 ) |
= | 20882.206 | / | 4042.677 | ||||
= | 5.17 |
Quanta Services's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as
Receivables Turnover (Q: Jun. 2024 ) | |||||||
= | Revenue | / | Average Total Inventories | ||||
= | Revenue (Q: Jun. 2024 ) | / ( | (Accounts Receivable (Q: Mar. 2024 ) | + | Accounts Receivable (Q: Jun. 2024 )) | / | count ) |
= | 5594.387 | / ( | (4094.914 | + | 4430.757) | / | 2 ) |
= | 5594.387 | / | 4262.8355 | ||||
= | 1.31 |
* 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.
Quanta Services (NYSE:PWR) 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.
Thank you for viewing the detailed overview of Quanta Services's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Austin Earl C. Jr. | director, officer: President, CEO and COO | QUANTA SERVICES, INC., 2727 NORTH LOOP WEST, HOUSTON TX 77008-1044 |
Ducey Gerald A Jr | officer: Pres. - Strategic Operations | 2727 NORTH LOOP WEST, HOUSTON TX 77008 |
James Redgie Probst | officer: President - Electric Power | 2727 NORTH LOOP WEST, HOUSTON TX 77008-1044 |
Donald Wayne | officer: EVP and General Counsel | 2727 NORTH LOOP WEST, HOUSTON TX 77008-1044 |
Margaret B Shannon | director | 5500 NORTHWEST CENTRAL DRIVE, HOUSTON TX 77092 |
Bernard Fried | director | QUANTA SERVICES, INC., 2727 NORTH LOOP WEST, HOUSTON TX 77008 |
Vincent D Foster | director | QUANTA SERVICES, INC., 2727 NORTH LOOP WEST, HOUSTON TX 77008 |
Derrick A Jensen | officer: Chief Financial Officer | QUANTA SERVICES, INC., 2800 POST OAK BLVD., SUITE 2600, HOUSTON TX 77056-6175 |
Raul Javier Valentin | director | ONE LIBERTY PLAZA, 7TH FLOOR, NEW YORK NY 10006 |
Dorothy Upperman | officer: VP Tax | 2727 NORTH LOOP WEST, HOUSTON TX 77008-1044 |
Worthing F Jackman | director | QUANTA SERVICES, INC., 2727 NORTH LOOP WEST, HOUSTON TX 77008 |
Robert Scott Rowe | director | 1333 WEST LOOP SOUTH, SUITE 1700, HOUSTON TX 77027 |
Paul Nobel | officer: Chief Accounting Officer & VP | C/O QUANTA SERVICES, INC., 2727 NORTH LOOP WEST, HOUSTON TX 77008-1044 |
John Michal Conaway | director | QUANTA SERVICES, INC., 2800 POST OAK BLVD., SUITE 2600, HOUSTON TX 77056-6175 |
Holli C. Ladhani | director | 2800 POST OAK BLVD., SUITE 4500, HOUSTON TX 77056 |
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