Atmos Energy Corporation (ATO)

Receivables turnover

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	3,949,815	4,275,355	4,410,341	4,564,037	4,672,887	4,201,667	4,047,423	3,836,547	3,505,797	3,407,487	3,314,017	3,201,459	2,860,054	2,821,137	2,789,906	2,782,649	2,899,624	2,901,843	2,902,860	2,979,367
Receivables	US$ in thousands	646,401	342,572	330,827	523,741	826,416	375,619	375,257	565,184	514,333	342,967	291,122	469,595	492,526	230,595	236,466	377,817	435,616	230,571	285,433	419,612
Receivables turnover		6.11	12.48	13.33	8.71	5.65	11.19	10.79	6.79	6.82	9.94	11.38	6.82	5.81	12.23	11.80	7.37	6.66	12.59	10.17	7.10

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,949,815K ÷ $646,401K
= 6.11

The receivables turnover ratio for Atmos Energy Corp. has shown fluctuations over the past eight quarters. The ratio ranged from a low of 5.65 in Q1 2023 to a high of 13.33 in Q3 2023. The average turnover ratio over this period was 9.46.

A higher receivables turnover ratio indicates that the company is collecting its accounts receivable more quickly, which is generally a positive sign of efficient operations. On the other hand, a significantly low turnover ratio may suggest inefficiencies in collecting payments from customers.

The significant fluctuations in the receivables turnover ratio for Atmos Energy Corp. could be attributed to various factors such as changes in the company's credit policies, the economic environment, or shifts in customer payment behavior. It is important for the company to analyze the underlying reasons for these fluctuations to ensure efficient cash flow management and effective credit control.