American States Water Company (AWR)

Receivables turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	595,459	595,699	491,528	498,853	488,243
Receivables	US$ in thousands	66,210	57,818	50,770	61,799	55,101
Receivables turnover		8.99	10.30	9.68	8.07	8.86

December 31, 2024 calculation

Receivables turnover = Revenue ÷ Receivables
= $595,459K ÷ $66,210K
= 8.99

American States Water Company's receivables turnover has shown a fluctuating trend over the past five years. In December 2020, the receivables turnover was 8.86, which decreased to 8.07 by December 2021. However, there was an improvement in receivables turnover in the following years, reaching 9.68 by December 2022, 10.30 by December 2023, and then dropping slightly to 8.99 by December 2024.

The receivables turnover ratio indicates how efficiently the company is collecting payments from its customers. A higher receivables turnover ratio suggests that the company is collecting its accounts receivable more quickly, which is generally a positive sign as it signifies better liquidity and cash flow management.

Overall, the trend in American States Water Company's receivables turnover ratio indicates mixed performance in managing accounts receivable efficiently. It is essential for the company to continue monitoring and improving its collections process to ensure timely receipt of payments from customers.