Atmos Energy Corporation (ATO)

Receivables turnover

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Revenue	US$ in thousands	4,165,190	4,275,360	4,201,660	3,407,490	2,821,140
Receivables	US$ in thousands	380,214	342,572	375,619	342,967	230,595
Receivables turnover		10.95	12.48	11.19	9.94	12.23

September 30, 2024 calculation

Receivables turnover = Revenue ÷ Receivables
= $4,165,190K ÷ $380,214K
= 10.95

The receivables turnover ratio for Atmos Energy Corporation has fluctuated over the past five years, ranging from 9.94 to 12.48. The ratio indicates how efficiently the company is collecting payments from its customers. A higher turnover ratio suggests that the company is collecting its accounts receivable more quickly.

In 2024, the receivables turnover ratio decreased to 10.95 from the previous year's 12.48. This could indicate that the company took longer to collect payments from its customers compared to the prior year. Despite this decrease, the current ratio is still relatively high, indicating that Atmos Energy Corporation is managing its receivables effectively.

Over the five-year period, the company has generally maintained a healthy receivables turnover, demonstrating consistent efficiency in collecting payments. However, it is important to monitor this ratio over time to ensure that the company continues to effectively manage its accounts receivable and maintain strong cash flow.