Sempra Energy (SRE)
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 | 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 | 10,829,000 | 10,712,000 | 10,519,000 | 10,464,000 |
| Receivables | US$ in thousands | 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 | 1,405,000 | 593,000 | 470,000 | 491,000 |
| Receivables turnover | 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 | 7.71 | 18.06 | 22.38 | 21.31 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $16,720,000K ÷ $2,276,000K
= 7.35
Sempra's receivables turnover ratio has fluctuated over the past eight quarters. The highest turnover ratio was seen in Q2 2023 at 6.63, indicating that the company collected its accounts receivable approximately 6.63 times during that quarter. This suggests efficient management of its accounts receivable.
The lowest turnover ratio was observed in Q1 2022 at 4.47, which implies that it took longer for Sempra to collect its receivables during that period. Overall, the trend suggests an improvement in receivables turnover from Q1 2022 to Q2 2023, with some volatility in between.
A higher receivables turnover ratio generally indicates that Sempra is collecting its outstanding receivables more quickly, which can be a positive sign of effective credit management and liquidity. Conversely, a lower turnover ratio may signal potential issues with collecting receivables in a timely manner. It is important for Sempra to monitor this ratio consistently to ensure efficient working capital management and cash flow.
Peer comparison
Dec 31, 2023