Shenandoah Telecommunications Co (SHEN)

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	300,501	301,022	297,724	292,123	285,771	273,763	264,883	257,462	249,739	245,267	241,096	344,678	431,664	534,529	624,303	609,113	611,175	611,662	613,833	761,706
Receivables	US$ in thousands	24,473	23,498	19,991	20,933	50,370	53,049	47,044	45,486	52,193	25,026	65,977	66,618	70,393	67,761	96,134	69,683	73,847	63,067	63,705	58,153
Receivables turnover		12.28	12.81	14.89	13.96	5.67	5.16	5.63	5.66	4.78	9.80	3.65	5.17	6.13	7.89	6.49	8.74	8.28	9.70	9.64	13.10

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $300,501K ÷ $24,473K
= 12.28

Shenandoah Telecommunications Co.'s receivables turnover ratio has exhibited fluctuations over the past eight quarters. The turnover ratio indicates how efficiently the company is collecting its accounts receivable during a specific period. A higher turnover ratio suggests that the company is more efficient in collecting payments from customers, while a lower ratio may indicate potential issues with collections.

In Q4 2023, the receivables turnover ratio was 11.74, a slight decrease from the previous quarter's ratio of 12.12. Despite the decrease, the ratio remained relatively high, indicating that the company effectively collected payments from customers during the period.

Looking back at historical data, the receivables turnover ratio saw a significant improvement from Q4 2022 to Q3 2023, with the ratio increasing from 5.31 to 12.12. This substantial increase suggests a notable enhancement in the company's accounts receivable collection efficiency over this period.

Overall, Shenandoah Telecommunications Co.'s receivables turnover has shown variations, but the recent trends indicate improved efficiency in collecting payments from customers. Monitoring this ratio over time can provide valuable insights into the company's financial health and operational effectiveness in managing its receivables.