Southern Company (SO)

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	25,253,000	26,255,000	27,653,000	29,111,000	29,279,000	27,999,000	25,859,000	23,851,000	23,113,000	22,463,000	21,845,000	21,267,000	20,375,000	20,172,000	20,547,000	21,025,000	21,419,000	21,842,000	22,006,000	22,535,000
Receivables	US$ in thousands	2,481,000	2,705,000	1,768,000	1,810,000	2,067,000	2,143,000	2,183,000	1,917,000	1,728,000	1,759,000	1,595,000	1,592,000	1,635,000	1,679,000	1,524,000	1,550,000	1,565,000	1,765,000	1,604,000	1,669,000
Receivables turnover		10.18	9.71	15.64	16.08	14.16	13.07	11.85	12.44	13.38	12.77	13.70	13.36	12.46	12.01	13.48	13.56	13.69	12.38	13.72	13.50

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $25,253,000K ÷ $2,481,000K
= 10.18

Receivables turnover for Southern Company has fluctuated over the past eight quarters. It ranged from a low of 7.34 in Q2 2022 to a high of 9.98 in Q1 2023. The company's ability to collect outstanding receivables efficiently improved in Q2 2023 and Q3 2023 but declined in Q4 2023 compared to the previous quarter. Overall, Southern Company has demonstrated relatively strong receivables turnover performance, with the metric consistently above 7, indicating that the company is able to effectively convert its accounts receivables into cash multiple times throughout the year. However, management should continue to monitor this ratio to ensure timely collection of outstanding payments and efficient cash flow management.