Atlas Energy Solutions Inc. (AESI)
Receivables turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | ||
|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,012,332 | 918,549 | 770,235 |
| Receivables | US$ in thousands | 165,967 | 179,924 | 197,072 |
| Receivables turnover | 6.10 | 5.11 | 3.91 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,012,332K ÷ $165,967K
= 6.10
The receivables turnover for Atlas Energy Solutions Inc. has been improving over the past three quarters. In June 30, 2024, the receivables turnover was 3.91, indicating that the company collected its accounts receivable approximately 3.91 times during that period. By September 30, 2024, the receivables turnover had increased to 5.11, suggesting that the company's collection of receivables had become more efficient. The trend continued, with a further increase in the receivables turnover to 6.10 by December 31, 2024.
A higher receivables turnover ratio signifies that the company is collecting its outstanding receivables more quickly, which could be a positive sign of effective credit policies or improved collections processes. This improvement may also indicate better liquidity and cash flow for the company, potentially reducing the risk of bad debts associated with outstanding receivables. Overall, the increasing trend in the receivables turnover ratio for Atlas Energy Solutions Inc. suggests enhanced efficiency in managing its accounts receivable.
Peer comparison
Dec 31, 2024