Sempra Energy (SRE)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 13,185,000 | 16,720,000 | 14,439,000 | 12,857,000 | 11,370,000 |
| Receivables | US$ in thousands | 2,086,000 | 2,276,000 | 2,802,000 | 2,173,000 | 1,711,000 |
| Receivables turnover | 6.32 | 7.35 | 5.15 | 5.92 | 6.65 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $13,185,000K ÷ $2,086,000K
= 6.32
Sempra Energy's receivables turnover has shown fluctuations over the years. The company's receivables turnover ratio decreased from 6.65 in December 2020 to 5.92 in December 2021, indicating a longer time taken to collect outstanding receivables. This trend continued in December 2022 with a further decrease to 5.15. However, there was a significant improvement in December 2023 with a receivables turnover ratio of 7.35, suggesting a more efficient collection of receivables. In the most recent year, December 2024, the ratio decreased slightly to 6.32, still indicating a relatively efficient collection process compared to the previous years. Overall, the fluctuating trend in Sempra Energy's receivables turnover ratio signifies varying effectiveness in managing accounts receivable and collecting payments from customers over the analyzed period.
Peer comparison
Dec 31, 2024