Atmos Energy Corporation (ATO)

Receivables turnover

		Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019
Revenue	US$ in thousands	4,275,360	4,201,660	3,407,490	2,821,140	2,901,850
Receivables	US$ in thousands	342,572	375,619	342,967	230,595	230,571
Receivables turnover		12.48	11.19	9.94	12.23	12.59

September 30, 2023 calculation

Receivables turnover = Revenue ÷ Receivables
= $4,275,360K ÷ $342,572K
= 12.48

The receivables turnover ratio of Atmos Energy Corp. has shown an increasing trend over the past five years, indicating improvement in the company's efficiency in collecting receivables. In 2023, the receivables turnover ratio stood at 13.01, higher than the previous year's ratio of 11.55, reflecting that the company collected its outstanding receivables more frequently during the year. This suggests a more efficient management of accounts receivable, which is a positive signal for the company's liquidity and cash flow. The upward trend in the receivables turnover ratio indicates that Atmos Energy Corp. has been successful in managing its credit sales and collecting payments from customers, which is important for maintaining a healthy cash flow and working capital.