Targa Resources Inc (TRGP)

Receivables turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Revenue (ttm)	US$ in thousands	16,473,200	16,299,700	16,344,500	16,129,600	16,052,600	16,375,600	17,839,100	20,491,200	20,929,800	21,816,600	20,916,200	18,276,300	16,949,900	14,081,100	11,736,500	9,844,100	8,260,300	8,161,400	7,948,800	8,420,600
Receivables	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Receivables turnover		—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

December 31, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $16,473,200K ÷ $—K
= —

The data provided for Targa Resources Inc's receivables turnover shows that the turnover ratio is not available for the periods from March 31, 2020, to December 31, 2024. The absence of specific values for receivables turnover indicates that the company's ability to collect its accounts receivable relative to its sales revenue cannot be explicitly determined.

Receivables turnover is a key financial ratio that measures how efficiently a company is able to collect outstanding receivables from its customers. A higher turnover ratio typically indicates that a company is effectively managing its accounts receivable and collecting payment in a timely manner, which is generally seen as a positive sign of liquidity and operational efficiency.

In the case of Targa Resources Inc, without specific data points for receivables turnover, it is challenging to assess the efficiency of the company's credit and collection processes during the specified period. It is important for investors and stakeholders to closely monitor receivables turnover over time to evaluate any shifts in the company's ability to convert credit sales into cash inflows.