Pinnacle West Capital Corp (PNW)

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	5,124,912	5,021,076	4,890,036	4,702,746	4,695,989	4,713,725	4,545,835	4,485,805	4,324,381	4,113,928	3,952,308	3,890,888	3,803,832	3,745,936	3,692,186	3,621,526	3,586,981	3,516,411	3,452,701	3,392,612
Receivables	US$ in thousands	500,759	820,747	548,573	406,492	491,791	644,288	458,982	438,683	443,517	579,198	397,141	306,965	374,083	404,847	334,361	242,721	300,586	403,671	285,023	271,107
Receivables turnover		10.23	6.12	8.91	11.57	9.55	7.32	9.90	10.23	9.75	7.10	9.95	12.68	10.17	9.25	11.04	14.92	11.93	8.71	12.11	12.51

December 31, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $5,124,912K ÷ $500,759K
= 10.23

Pinnacle West Capital Corp's receivables turnover ratio has fluctuated over the past few years. The ratio indicates how efficiently the company is able to collect its outstanding receivables during a specific period.

Looking at the data provided, the receivables turnover ratio ranged from a high of 14.92 on March 31, 2021, to a low of 6.12 on September 30, 2024. A higher turnover ratio generally suggests that the company is able to collect its accounts receivable more quickly, indicating better liquidity and potentially more effective credit policies.

However, there seems to be some volatility in the receivables turnover ratio for Pinnacle West Capital Corp, with noticeable fluctuations between periods. It is essential for the company to closely monitor and manage its receivables collection process to ensure a consistent and healthy turnover ratio. Further analysis into the reasons behind these fluctuations would be beneficial in determining any potential areas for improvement within the company's receivables management strategies.