Sempra Energy (SRE)
Receivables turnover
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 13,185,000 | 12,918,000 | 13,476,000 | 13,800,000 | 16,720,000 | 16,684,000 | 16,967,000 | 17,179,000 | 14,439,000 | 14,828,000 | 14,224,000 | 13,418,000 | 12,857,000 | 12,184,000 | 11,815,000 | 11,600,000 | 11,370,000 | 11,142,000 | 11,256,000 | 10,960,000 |
| Receivables | US$ in thousands | 2,086,000 | 1,882,000 | 1,654,000 | 2,200,000 | 2,276,000 | 2,053,000 | 2,070,000 | 2,734,000 | 2,802,000 | 1,959,000 | 2,558,000 | 2,667,000 | 2,173,000 | 1,539,000 | 1,526,000 | 1,699,000 | 1,711,000 | 1,265,000 | 1,234,000 | 1,406,000 |
| Receivables turnover | 6.32 | 6.86 | 8.15 | 6.27 | 7.35 | 8.13 | 8.20 | 6.28 | 5.15 | 7.57 | 5.56 | 5.03 | 5.92 | 7.92 | 7.74 | 6.83 | 6.65 | 8.81 | 9.12 | 7.80 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $13,185,000K ÷ $2,086,000K
= 6.32
The receivables turnover ratio for Sempra Energy has exhibited fluctuations over the period of time from March 31, 2020, to December 31, 2024. The ratio peaked at 9.12 on June 30, 2020, indicating the company was collecting its accounts receivable efficiently. However, there was a notable decline in the ratio, reaching a low of 5.03 on March 31, 2022, and subsequently fluctuating within a range. A lower receivables turnover ratio suggests that the company is taking more time to collect its outstanding receivables.
It is important to note that a declining trend in the receivables turnover ratio could signify issues with the company's credit policies, collection practices, or the quality of its receivables. On the other hand, an increasing ratio indicates improved efficiency in collecting receivables. It is crucial for Sempra Energy to monitor and manage its receivables turnover ratio effectively to ensure timely collection of outstanding amounts and maintain healthy cash flow.
Peer comparison
Dec 31, 2024