Pinnacle West Capital Corp (PNW)

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	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	3,471,212	3,557,197	3,634,437	3,739,059
Receivables	US$ in thousands	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	279,982	368,732	260,741	247,113
Receivables turnover		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	12.40	9.65	13.94	15.13

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $4,695,989K ÷ $491,791K
= 9.55

The receivables turnover for Pinnacle West Capital Corp. has fluctuated over the past eight quarters. In Q4 2023, the receivables turnover was 7.12, indicating that the company collected its accounts receivable approximately 7.12 times during that quarter. This was an increase compared to the previous quarter (Q3 2023) where the turnover was 5.41.

Looking at the trend over the past two years, the company experienced variations in its receivables turnover ratio. Overall, the turnover ratio has shown volatility, with some quarters showing higher efficiency in collecting receivables compared to others.

It is important for the company to monitor this ratio closely as a high turnover ratio indicates efficient management of receivables, while a low ratio may suggest issues with collections or potential liquidity problems. Comparing the current ratio to historical data can provide insights into the company's ability to collect outstanding receivables in a timely manner.