Southwest Gas Holdings Inc (SWX)
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 | 5,433,960 | 5,487,320 | 5,443,420 | 5,295,900 | 4,960,010 | 4,623,550 | 4,386,656 | 4,061,957 | 3,680,454 | 3,510,104 | 3,412,634 | 3,348,460 | 3,298,873 | 3,232,930 | 3,166,934 | 3,122,698 | 3,119,917 | 3,058,434 | 3,001,350 | 2,959,222 |
| Receivables | US$ in thousands | 888,484 | 907,633 | 942,965 | 911,398 | 874,984 | 795,138 | 769,941 | 772,884 | 723,943 | 724,689 | 536,224 | 485,707 | 533,056 | 520,951 | 484,154 | 430,516 | 505,848 | 460,764 | 432,829 | 443,317 |
| Receivables turnover | 6.12 | 6.05 | 5.77 | 5.81 | 5.67 | 5.81 | 5.70 | 5.26 | 5.08 | 4.84 | 6.36 | 6.89 | 6.19 | 6.21 | 6.54 | 7.25 | 6.17 | 6.64 | 6.93 | 6.68 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $5,433,960K ÷ $888,484K
= 6.12
The receivables turnover ratio for Southwest Gas Holdings Inc has shown variation over the past eight quarters. In Q4 2023, the receivables turnover ratio was 5.54, slightly lower than the 5.76 reported in Q3 2023. This indicates that the company collected its accounts receivable 5.54 times during the quarter, reflecting the efficiency of its credit and collection policies.
Comparing to previous quarters, the receivables turnover ratio has been relatively consistent, ranging between 4.92 and 5.76 over the past two years. This consistency suggests that Southwest Gas Holdings Inc has been effective in managing its accounts receivable and collecting payments from customers in a timely manner. A higher receivables turnover ratio generally indicates that the company is collecting its outstanding receivables more quickly, which is a positive sign for liquidity and cash flow.
Overall, Southwest Gas Holdings Inc's receivables turnover ratio has remained stable, reflecting a consistent approach in managing accounts receivable and maintaining healthy cash flow levels.
Peer comparison
Dec 31, 2023