Spire Inc (SR)

Receivables turnover

		Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Revenue (ttm)	US$ in thousands	2,542,400	2,510,800	2,468,500	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
Receivables	US$ in thousands	176,900	232,000	414,200	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
Receivables turnover		14.37	10.82	5.96	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

September 30, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,542,400K ÷ $176,900K
= 14.37

The receivables turnover ratio for Spire Inc has shown fluctuations over the past few quarters. The ratio indicates how efficiently the company is collecting payments from its customers. A higher turnover ratio generally implies that the company is collecting payments more quickly.

In the most recent quarter ending September 30, 2024, the receivables turnover ratio was 14.37, which is significantly higher compared to the previous quarter at 10.82. This suggests an improvement in the company's ability to collect receivables efficiently.

Looking at the trend over the past few quarters, there seems to be variability in the receivables turnover ratio. There was a notable increase from the low of 4.75 in both March 31, 2022, and December 31, 2021, to the recent high of 14.37 in September 30, 2024. This variation could be due to seasonality, changes in credit policies, or shifts in customer payment behavior.

Overall, it is essential for Spire Inc to monitor its receivables turnover ratio consistently to ensure timely collection of outstanding payments, manage cash flow effectively, and maintain healthy liquidity levels.