H2O America (HTO)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 748,439 | 670,363 | 620,698 | 573,686 | 564,526 |
| Receivables | US$ in thousands | 142,538 | 126,284 | 110,454 | 104,768 | 103,092 |
| Receivables turnover | 5.25 | 5.31 | 5.62 | 5.48 | 5.48 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $748,439K ÷ $142,538K
= 5.25
The receivables turnover ratio of H2O America over the period from December 31, 2020, to December 31, 2024, exhibits a relatively stable pattern, with minor fluctuations. At the end of 2020 and 2021, the ratio remains constant at 5.48, indicating consistent efficiency in collecting outstanding receivables during that period. In 2022, there is a slight increase to 5.62, suggesting a modest improvement in receivables collection efficiency. However, this positive trend does not persist; in 2023, the receivables turnover declines to 5.31, and further decreases to 5.25 in 2024. This gradual reduction indicates a slight deterioration in the company's ability to collect receivables promptly, potentially reflecting either changes in credit policies, customer payment behavior, or overall operational efficiency. Overall, while the ratio remains within a narrow range, the subtle downward trend in the latter years may merit further investigation to identify underlying causes impacting receivables collection performance.
Peer comparison
Dec 31, 2024