Spire Inc (SR)

Receivables turnover

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Revenue	US$ in thousands	2,593,000	2,480,600	2,078,700	2,128,900	1,749,900
Receivables	US$ in thousands	176,900	181,900	200,200	317,300	116,900
Receivables turnover		14.66	13.64	10.38	6.71	14.97

September 30, 2024 calculation

Receivables turnover = Revenue ÷ Receivables
= $2,593,000K ÷ $176,900K
= 14.66

The receivables turnover ratio of Spire Inc has displayed varying trends over the past five years, indicating changes in the efficiency of the company in collecting payments from customers.

In Sep 2020, the receivables turnover ratio was 14.97, reflecting a high turnover rate and suggesting that Spire Inc was able to collect outstanding receivables relatively quickly during that period. However, this ratio decreased to 6.71 in Sep 2021, indicating a significant drop in receivables turnover efficiency.

Subsequently, there was a noticeable improvement in Sep 2022, with the receivables turnover ratio increasing to 10.38, signifying a better collection process than the previous year. This positive trend continued into Sep 2023, where the ratio further improved to 13.64.

Finally, in the most recent period of Sep 2024, the receivables turnover ratio notably increased to 14.66, reaching a level similar to that of 2020. This suggests that Spire Inc has managed to enhance its efficiency in collecting receivables once again.

Overall, the fluctuating trend in Spire Inc's receivables turnover ratio indicates varying levels of effectiveness in managing its accounts receivable over the years, with recent improvements reflecting enhanced efficiency in collecting payments from customers.