Avangrid's average Accounts Receivable for the
three
months ended in Mar. 2024 was $1,614 Mil. Avangrid's Revenue for the
three
months ended in Mar. 2024 was $2,417 Mil.
Hence, Avangrid's Days Sales Outstanding for the
three
months ended in Mar. 2024 was 60.93.
The historical rank and industry rank for Avangrid's Days Sales Outstanding or its related term are showing as below:
AGR'
s Days Sales Outstanding Range Over the Past 10 Years
Min: 45.02 Med: 65.23 Max: 77.81
Current: 67.74
During the past 13 years, Avangrid's highest Days Sales Outstanding was 77.81. The lowest was 45.02. And the median was 65.23.
AGR's Days Sales Outstanding is ranked worse than 64.82% of 506
companies
in the Utilities - Regulated industry
Industry Median: 53.49
vs AGR: 67.74
Avangrid's Days Sales Outstanding
declined
from Mar. 2023 (63.02) to Mar. 2024 (60.93).
Avangrid Days Sales Outstanding Historical Data
The historical data trend for Avangrid's Days Sales Outstanding 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.
Competitive Comparison of Avangrid's Days Sales Outstanding
For the Utilities - Regulated Electric subindustry, Avangrid's Days Sales Outstanding, along with its competitors' market caps and Days Sales Outstanding 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.
Avangrid's Days Sales Outstanding Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Avangrid's Days Sales Outstanding distribution charts can be found below:
* The bar in red indicates where Avangrid's Days Sales Outstanding falls into.
Avangrid Days Sales Outstanding Calculation
Days Sales Outstanding measures the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.
* 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.
Avangrid (NYSE:AGR) Days Sales Outstanding Explanation
For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.
Avangrid Days Sales Outstanding Related Terms
Thank you for viewing the detailed overview of Avangrid's Days Sales Outstanding provided by GuruFocus.com. Please click on the following links to see related term pages.
Avangrid operates two business units, Networks and Renewables. Networks operates eight regulated electric and natural gas utilities across New York, Maine, Connecticut, and Massachusetts, serving over 3 million customers. Renewables has historically focused on developing onshore wind projects but is looking to make developments in solar and offshore wind over the next five years. It operates more than 8.6 gigawatts of renewable energy across the U.S. Spanish utility Iberdrola spun off Avangrid's predecessor, Iberdrola USA, in 2015. Iberdrola owns 81.5% of Avangrid.
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