Remaining performance obligations related to customer contracts that are unsatisfied or partially unsatisfied
American Electric Power Remaining performance obligations related to customer contracts that are unsatisfied or partially unsatisfied decreased by 51.0% to $365.00M in Q3 2023 compared to the prior quarter. Year-over-year, this metric declined by 51.0%, from $745.50M to $365.00M. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
A growing backlog indicates strong future demand and revenue visibility, while a shrinking backlog may signal a slowdown in new contract wins.
Detailed definition
This represents the total transaction price allocated to performance obligations that are unsatisfied or partially unsat...
Peer comparison
Highly relevant for companies with long-term government or industrial contracts; a key indicator of competitive market position.
other_revenue_remaining_performance_obligationHistorical Data
| Q2 '21 | Q3 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q3 '23 | |
|---|---|---|---|---|---|---|
| Value | $1.14B | $836.00M | $1.35B | $1.06B | $745.50M | $365.00M |
| QoQ Change | — | -26.6% | +61.6% | -21.6% | -29.6% | -51.0% |
| YoY Change | — | — | — | -7.0% | -10.8% | -51.0% |
Remaining performance obligations related to customer contracts that are unsatisfied or partially unsatisfied at Other Companies
Frequently Asked Questions
- What is American Electric Power's remaining performance obligations related to customer contracts that are unsatisfied or partially unsatisfied?
- American Electric Power (AEP) reported remaining performance obligations related to customer contracts that are unsatisfied or partially unsatisfied of $365.00M in Q3 2023.
- How has American Electric Power's remaining performance obligations related to customer contracts that are unsatisfied or partially unsatisfied changed year-over-year?
- American Electric Power's remaining performance obligations related to customer contracts that are unsatisfied or partially unsatisfied decreased by 51.0% year-over-year, from $745.50M to $365.00M.
- What does remaining performance obligations related to customer contracts that are unsatisfied or partially unsatisfied mean?
- The total value of signed contracts that the company has yet to fulfill or deliver.