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