Southwestern Energy Company (SWN)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 8,794,000 | 9,545,000 | 4,002,000 | 2,473,000 | 3,255,000 |
| Receivables | US$ in thousands | 680,000 | 1,401,000 | 1,160,000 | 368,000 | 345,000 |
| Receivables turnover | 12.93 | 6.81 | 3.45 | 6.72 | 9.43 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $8,794,000K ÷ $680,000K
= 12.93
The receivables turnover ratio for Southwestern Energy Company has exhibited fluctuations over the past five years. In 2023, the ratio stands at 9.59, indicating that the company collected its accounts receivable approximately 9.59 times during the year. This represents a decrease from the previous year's ratio of 10.71. The declining trend in receivables turnover from 2022 to 2023 suggests that the company took slightly longer to collect its outstanding receivables in the most recent year.
When compared to 2021 and 2020, the company's receivables turnover has shown improvements, as the ratios were 5.75 and 6.27, respectively. However, there was a notable decrease in the receivables turnover from 2019 to 2020, followed by a recovery in subsequent years. Overall, a higher receivables turnover ratio is indicative of more efficient credit management and quicker collection of outstanding receivables, demonstrating better liquidity and potentially lower credit risk for the company.
Peer comparison
Dec 31, 2023