Avista Corporation (AVA)

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	1,751,554	1,744,343	1,724,163	1,722,792	1,710,207	1,631,862	1,568,423	1,488,112	1,438,936	1,387,555	1,364,194	1,344,531	1,321,891	1,306,027	1,317,151	1,339,371	1,345,622	1,353,284	1,365,527	1,384,013
Receivables	US$ in thousands	324,509	164,057	164,907	244,382	368,177	188,548	195,907	227,631	307,129	169,847	155,780	197,499	284,844	115,069	117,182	155,253	240,963	108,577	115,493	170,200
Receivables turnover		5.40	10.63	10.46	7.05	4.65	8.65	8.01	6.54	4.69	8.17	8.76	6.81	4.64	11.35	11.24	8.63	5.58	12.46	11.82	8.13

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,751,554K ÷ $324,509K
= 5.40

The receivables turnover ratio measures how efficiently Avista Corp. is collecting payments from its customers. A higher turnover ratio indicates that the company is collecting payments faster.

Based on the data provided, we observe fluctuations in Avista Corp.'s receivables turnover ratio over the past eight quarters. In Q4 2023, the ratio was 7.12, a decrease from the previous quarter's 10.63. This decline may suggest that Avista Corp. took longer to collect payments from its customers in Q4 2023 compared to Q3 2023.

Comparing to the same quarter of the previous year, the Q4 2023 ratio of 7.12 shows an improvement from the Q4 2022 ratio of 5.97, indicating that Avista Corp. has become more efficient in collecting receivables over the year.

Overall, while there are fluctuations in Avista Corp.'s receivables turnover ratio, a general increasing trend in the ratio over the quarters would signal improvements in the company's collection efficiency and financial health.