American Electric Power Unbilled Receivables decreased by 16.3% to $270.20M in Q3 2023 compared to the prior quarter. Year-over-year, this metric declined by 0.7%, from $272.20M to $270.20M. Over 2 years (FY 2020 to FY 2022), Unbilled Receivables shows an upward trend with a 13.9% CAGR.
An increase often reflects progress on long-term contracts, while a sudden decrease may indicate successful billing or project completion.
This represents revenue recognized for work performed but not yet invoiced to the customer under the terms of a contract...
Common in government contracting, construction, and professional services firms with long-term project accounting.
other_unbilled_receivables_current| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q3 '23 | |
|---|---|---|---|---|---|---|---|---|
| Value | $259.60M | $279.30M | $204.40M | $205.80M | $259.30M | $272.20M | $322.90M | $270.20M |
| QoQ Change | — | +7.6% | -26.8% | +0.7% | +26.0% | +5.0% | +18.6% | -16.3% |
| YoY Change | — | — | — | — | -0.1% | -2.5% | +58.0% | -0.7% |