Otter Tail Corporation (OTTR)

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	1,329,974	1,345,648	1,367,062	1,362,714	1,355,764	1,347,816	1,372,872	1,434,862	1,469,475	1,492,823	1,425,261	1,310,829	1,197,635	1,083,525	1,002,986	910,134	883,171	878,934	871,831	908,278
Receivables	US$ in thousands	147,884	188,223	193,972	197,692	159,665	195,162	197,165	177,633	146,041	195,345	227,595	220,683	176,789	181,091	166,150	137,373	117,174	123,154	109,668	122,443
Receivables turnover		8.99	7.15	7.05	6.89	8.49	6.91	6.96	8.08	10.06	7.64	6.26	5.94	6.77	5.98	6.04	6.63	7.54	7.14	7.95	7.42

December 31, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,329,974K ÷ $147,884K
= 8.99

The receivables turnover ratio for Otter Tail Corporation has fluctuated over the past few years. It started at 7.42 in March 2020, increased to 7.95 in June 2020, and then decreased to 5.94 in March 2022. The ratio saw a significant increase to 10.06 in December 2022, indicating a faster collection of receivables during that period. However, the ratio decreased to 6.89 in March 2024 and fluctuated around 7 in the subsequent quarters.

Overall, the receivables turnover ratio for Otter Tail Corporation suggests that the company has been able to efficiently collect its accounts receivable over the years, with some periods showing increased efficiency in collections compared to others. It is important to further analyze the underlying reasons for these fluctuations and monitor the trend consistently to assess the company's effectiveness in managing its receivables.