UGI Corporation (UGI)
Receivables turnover
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 8,928,000 | 10,106,000 | 7,447,000 | 6,559,000 | 7,320,000 |
| Receivables | US$ in thousands | 914,000 | 1,255,000 | 1,008,000 | 732,000 | 640,700 |
| Receivables turnover | 9.77 | 8.05 | 7.39 | 8.96 | 11.43 |
September 30, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $8,928,000K ÷ $914,000K
= 9.77
The receivables turnover for UGI Corp. has exhibited fluctuations over the past five years. In 2023, the receivables turnover ratio improved to 9.43, indicating that the company collected its accounts receivable 9.43 times during the year. This is a significant increase compared to the previous year, suggesting that UGI Corp. was able to more effectively convert its receivables into cash. However, it is important to note that the receivables turnover was lower in 2022 and 2021, indicating that the company took longer to collect its receivables during those years. The ratio was highest in 2019 at 11.17, suggesting that the company had a more efficient collection process at that time. Overall, the trend in the receivables turnover ratio should be closely monitored to assess UGI Corp.'s effectiveness in managing its accounts receivable and cash flow.
Peer comparison
Sep 30, 2023