AT&T Inc (T)

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 122,428,000 121,749,000 121,442,000 121,168,000 120,741,000 120,493,000 121,776,000 127,873,000 134,038,000 119,924,000 130,938,000 136,148,000 143,050,000 172,890,000 175,138,000 179,145,000 181,193,000 182,365,000 183,516,000 177,545,000
Receivables US$ in thousands 10,289,000 8,962,000 9,304,000 10,214,000 11,466,000 11,384,000 11,377,000 17,218,000 17,571,000 16,304,000 15,771,000 16,971,000 20,215,000 19,379,000 19,127,000 19,908,000 22,636,000 22,921,000 22,381,000 23,863,000
Receivables turnover 11.90 13.59 13.05 11.86 10.53 10.58 10.70 7.43 7.63 7.36 8.30 8.02 7.08 8.92 9.16 9.00 8.00 7.96 8.20 7.44

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $122,428,000K ÷ $10,289,000K
= 11.90

The receivables turnover of AT&T, Inc. has shown fluctuations over the past eight quarters. In Q4 2023, the receivables turnover was 11.90, which indicates that the company collected its accounts receivable approximately 11.90 times during the quarter. This shows a slight decrease compared to the prior quarter (Q3 2023) when the turnover was 12.65.

Looking at the trend over the past year, AT&T's receivables turnover has generally been on an upward trajectory since Q1 2022, where it was at a low of 9.47. The increasing turnover ratio is generally a positive sign, as it suggests that the company is collecting its receivables more quickly.

A high receivables turnover ratio typically indicates that the company has efficient credit and collection policies, as it shows that they are able to convert sales into cash quickly. However, it's important to note that a very high turnover ratio could also indicate a very strict credit policy that might be affecting sales.

Overall, AT&T's receivables turnover ratio has shown improvement over the past year, indicating efficient management of accounts receivable which is a positive sign for the company's liquidity and cash flow management.


Peer comparison

Dec 31, 2023


See also:

AT&T Inc Receivables Turnover (Quarterly Data)