Southwestern Energy Company (SWN)
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 | 8,794,000 | 11,293,000 | 12,381,000 | 14,036,000 | 13,515,000 | 12,635,000 | 11,645,000 | 8,587,000 | 6,494,000 | 3,376,000 | 2,091,000 | 2,228,000 | 2,318,000 | 2,284,000 | 2,697,000 | 3,215,000 | 3,219,000 | 3,649,000 | 3,780,000 | 3,716,000 |
| Receivables | US$ in thousands | 680,000 | 602,000 | 598,000 | 667,000 | 1,401,000 | 1,763,000 | 1,781,000 | 1,071,000 | 1,160,000 | 708,000 | 408,000 | 400,000 | 368,000 | 239,000 | 250,000 | 292,000 | 345,000 | 323,000 | 358,000 | 390,000 |
| Receivables turnover | 12.93 | 18.76 | 20.70 | 21.04 | 9.65 | 7.17 | 6.54 | 8.02 | 5.60 | 4.77 | 5.12 | 5.57 | 6.30 | 9.56 | 10.79 | 11.01 | 9.33 | 11.30 | 10.56 | 9.53 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $8,794,000K ÷ $680,000K
= 12.93
Southwestern Energy Company's receivables turnover has shown fluctuations over the past eight quarters. The company's receivables turnover ratio decreased from 10.71 in Q4 2022 to 8.26 in Q3 2022, indicating a decrease in the efficiency of collecting receivables during that period. However, there was a significant improvement in Q2 2023 as the ratio increased to 18.91, suggesting a more efficient collection of receivables. This positive trend continued into Q3 2023 with a further increase to 13.64.
Overall, the receivables turnover ratio for Southwestern Energy Company has generally been trending upwards since Q1 2022, indicating an improvement in the company's ability to collect outstanding receivables in a timely manner. This could be a positive signal of effective credit and collection policies, better cash flow management, and potentially stronger customer relationships. Investors and stakeholders may view this upward trend positively as it reflects better liquidity and working capital management within the company. Further monitoring of this ratio will be essential to assess ongoing operational efficiency and financial health.
Peer comparison
Dec 31, 2023