SJW Corporation (SJW)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 670,363 | 620,698 | 573,686 | 564,526 | 420,482 |
| Receivables | US$ in thousands | 121,097 | 110,454 | 102,460 | 96,051 | 79,240 |
| Receivables turnover | 5.54 | 5.62 | 5.60 | 5.88 | 5.31 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $670,363K ÷ $121,097K
= 5.54
The receivables turnover ratio for SJW Group has been relatively stable over the past five years, ranging from 5.50 to 6.15 times. This ratio indicates how efficiently the company is able to collect outstanding receivables from its customers during a specific period.
A higher receivables turnover ratio generally implies that the company is collecting payments more quickly, which is a positive signal of strong accounts receivable management. On the other hand, a lower ratio may suggest potential issues with collecting payments in a timely manner.
Based on the historical data provided, SJW Group has maintained a moderate to high level of receivables turnover, reflecting good collection practices. However, it is essential to continue monitoring this ratio to ensure that the company maintains its efficiency in collecting receivables and managing cash flow effectively.
Peer comparison
Dec 31, 2023