UGI Corporation (UGI)
Receivables turnover
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 7,210,000 | 8,928,000 | 10,106,000 | 7,447,000 | 6,559,000 |
| Receivables | US$ in thousands | 765,000 | 914,000 | 1,255,000 | 1,008,000 | 732,000 |
| Receivables turnover | 9.42 | 9.77 | 8.05 | 7.39 | 8.96 |
September 30, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $7,210,000K ÷ $765,000K
= 9.42
The receivables turnover ratio for UGI Corporation has fluctuated over the past five years. The ratio indicates how efficiently the company collects its outstanding receivables within a given period.
In 2024, the receivables turnover ratio was 9.42, a slight decrease from the previous year's 9.77. This may suggest that UGI Corporation took slightly longer to collect its outstanding receivables compared to the prior year.
Looking back over the five-year period, it is evident that there have been fluctuations in the receivables turnover ratio. The ratio was highest in 2023 at 9.77, dropping to 8.05 in 2022 before rebounding to 7.39 in 2021 and then rising again to 8.96 in 2020.
Overall, the trend in the receivables turnover ratio for UGI Corporation indicates some variability in how efficiently the company is managing its accounts receivable. Further analysis and comparison with industry benchmarks may provide additional insights into the company's receivables management performance.
Peer comparison
Sep 30, 2024