TXNM Energy, Inc. (TXNM)

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	1,971,199	1,906,349	1,842,944	1,831,998	1,939,198	2,102,903	2,326,940	2,349,514	2,249,555	2,107,811	1,932,474	1,859,284	1,779,873	1,705,074	1,622,988	1,554,097	1,523,012	1,507,880	1,469,001	1,441,580
Receivables	US$ in thousands	—	—	—	—	—	—	—	—	—	247,328	220,135	162,270	185,906	211,023	198,830	150,968	174,586	204,702	171,183	133,324
Receivables turnover		—	—	—	—	—	—	—	—	—	8.52	8.78	11.46	9.57	8.08	8.16	10.29	8.72	7.37	8.58	10.81

December 31, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,971,199K ÷ $—K
= —

TXNM Energy, Inc.'s receivables turnover has shown fluctuations over the past few quarters. The ratio started at a healthy 10.81 as of March 31, 2020, indicating that the company was able to convert its accounts receivables into cash 10.81 times during that period. This suggests efficient management of receivables.

Subsequently, the receivables turnover ratio decreased to 8.58 by June 30, 2020, and continued to decline to 7.37 by September 30, 2020. This drop could indicate slower collection of receivables or changes in the company's credit policies.

The ratio then improved to 8.72 by the end of December 31, 2020, and further increased to 10.29 by March 31, 2021, indicating a more efficient collection of receivables during those periods.

However, there were fluctuations in the upcoming quarters, with the ratio fluctuating between 8.16 and 11.46. These fluctuations may suggest changes in the company's customer base, sales terms, or overall economic conditions affecting receivables turnover.

As of the latest available data, the receivables turnover stands at 8.78 as of June 30, 2022. It will be important to monitor future trends in the receivables turnover ratio to assess the effectiveness of TXNM Energy, Inc.'s credit and collection policies.