IDACORP Inc (IDA)
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 | 1,557,806 | 1,553,827 | 1,579,873 | 1,546,401 | 1,482,913 | 1,398,151 | 1,318,513 | 1,330,616 | 1,303,710 | 1,309,887 | 1,277,650 | 1,230,061 | 1,209,724 | 1,186,219 | 1,150,976 | 1,148,403 | 1,212,348 | 1,225,056 | 1,256,488 | 1,281,147 |
| Receivables | US$ in thousands | 221,635 | 215,967 | 205,163 | 171,246 | 212,257 | 211,243 | 184,920 | 146,067 | 167,915 | 174,768 | 192,874 | 127,694 | 146,954 | 167,365 | 163,475 | 121,600 | 139,983 | 151,750 | 156,582 | 151,377 |
| Receivables turnover | 7.03 | 7.19 | 7.70 | 9.03 | 6.99 | 6.62 | 7.13 | 9.11 | 7.76 | 7.50 | 6.62 | 9.63 | 8.23 | 7.09 | 7.04 | 9.44 | 8.66 | 8.07 | 8.02 | 8.46 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,557,806K ÷ $221,635K
= 7.03
The receivables turnover ratio for Idacorp, Inc. has ranged from 6.23 to 9.05 over the past eight quarters. The ratio indicates how efficiently the company is able to collect payments from its customers. A higher receivables turnover ratio is generally preferred as it suggests that the company is collecting payments more quickly.
The trend in the receivables turnover ratio shows some variability over the quarters, with Q1 2022 having the highest ratio of 9.05, indicating efficient collection of receivables during that period. However, the ratio dropped to 6.23 in Q4 2022 before gradually increasing to 7.09 in Q1 2023. This increase was followed by a slight decline to 6.62 in Q4 2023, indicating a modest decrease in the efficiency of collecting receivables towards the end of the period.
Overall, Idacorp, Inc. has maintained a relatively stable level of receivables turnover, reflecting a consistent ability to collect payments from customers in a timely manner. The company should continue to monitor and manage its accounts receivable effectively to ensure a healthy cash flow and financial performance.
Peer comparison
Dec 31, 2023