Spire Inc (SR)

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	2,416,200	2,524,200	2,541,800	2,588,700	2,365,900	2,078,700	2,060,900	1,943,100	2,168,800	2,128,900	2,093,600	2,087,400	1,696,600	1,749,900	1,748,800	1,775,400	1,890,600	1,952,400	1,966,000	1,995,300
Receivables	US$ in thousands	415,400	181,900	269,800	498,700	471,600	200,200	278,900	408,800	456,200	317,300	321,300	434,000	266,200	116,900	136,200	237,100	262,300	121,100	162,900	334,300
Receivables turnover		5.82	13.88	9.42	5.19	5.02	10.38	7.39	4.75	4.75	6.71	6.52	4.81	6.37	14.97	12.84	7.49	7.21	16.12	12.07	5.97

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,416,200K ÷ $415,400K
= 5.82

The receivables turnover ratio for Spire Inc. has exhibited fluctuations over the past few quarters. In Q1 2024, the ratio stood at 4.61, indicating that the company collected its accounts receivable approximately 4.61 times during the quarter. This was a decrease from the previous quarter where the ratio was 8.59, reflecting a significant decline in the efficiency of collecting receivables.

Looking further back, Q3 2023 showed a receivables turnover of 6.72, representing a peak in collection efficiency compared to other periods. However, Q2 2023 and Q1 2023 had lower ratios of 4.06 and 3.05, respectively, indicating a slowdown in collections during those periods.

Compared to the same quarters in the previous year, there has been some improvement in receivables turnover. For instance, in Q4 2022, the ratio was 3.41, which increased to 3.44 in Q3 2022 and further improved to 3.14 in Q2 2022.

Overall, the receivables turnover ratio for Spire Inc. has shown variability, with some quarters demonstrating efficient collection of receivables while others have shown slower collection rates. The company may need to analyze the reasons behind these fluctuations to ensure timely and effective management of accounts receivable.