American States Water Company (AWR)

Receivables turnover

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Revenue (ttm) US$ in thousands 595,459 577,541 567,455 569,527 595,699 595,886 579,174 544,381 491,528 482,785 484,556 490,363 498,853 506,429 503,362 496,226 488,243 477,036 477,844 481,213
Receivables US$ in thousands 66,210 46,555 39,076 28,897 57,818 32,659 27,074 21,328 50,770 31,920 27,213 23,398 61,799 33,375 29,663 22,084 55,101 33,892 30,510 27,034
Receivables turnover 8.99 12.41 14.52 19.71 10.30 18.25 21.39 25.52 9.68 15.12 17.81 20.96 8.07 15.17 16.97 22.47 8.86 14.08 15.66 17.80

December 31, 2024 calculation

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

The receivables turnover of American States Water Company has shown fluctuations over the reported periods. The ratio indicates how many times a company collects its accounts receivable balance during a period. A higher receivables turnover ratio is generally preferred as it signifies more effective management of receivables and quicker conversion of sales into cash.

Looking at the data, we observe a general downward trend in the receivables turnover ratio from 17.80 on March 31, 2020, to 8.99 on December 31, 2024. This decline may indicate potential issues with collecting receivables efficiently or a change in the company's credit policies that could be impacting the speed of collections.

It is important to note the spikes in the receivables turnover ratio on March 31, 2021 (22.47) and March 31, 2023 (25.52). These peaks suggest that the company collected its receivables at a much faster rate during those specific periods, which could be due to various factors such as improved collection efforts, changes in customer payment patterns, or seasonal fluctuations.

Overall, a detailed analysis of the receivables turnover ratio along with other financial metrics and external factors would be necessary to gain a holistic understanding of American States Water Company's receivables management efficiency and financial performance.