Atlas Energy Solutions Inc. (AESI)
Receivables turnover
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | ||
|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 918,549 | 770,235 | |||
| Receivables | US$ in thousands | 179,924 | 197,072 | 185,758 | 71,170 | 102,234 |
| Receivables turnover | 5.11 | 3.91 |
September 30, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $918,549K ÷ $179,924K
= 5.11
The receivables turnover ratio for Atlas Energy Solutions Inc. has shown an increasing trend over the past five quarters. In the most recent quarter ending September 30, 2024, the company's receivables turnover ratio was 5.11, indicating that the company collected its accounts receivable approximately 5.11 times during the period. This is an improvement from the previous quarter's ratio of 3.91 as of June 30, 2024.
A higher receivables turnover ratio generally indicates that the company is more efficient in collecting payments from its customers. This increase in the ratio may suggest that Atlas Energy Solutions Inc. has implemented more effective credit and collection policies or has improved its relationship with customers to prompt quicker payments. Overall, the rising trend in the receivables turnover ratio reflects positively on the company's liquidity and management of accounts receivable.
Peer comparison
Sep 30, 2024