UGI Corporation (UGI)
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 | 8,290,000 | 8,928,000 | 9,458,000 | 9,832,000 | 10,192,000 | 10,106,000 | 9,610,000 | 9,073,000 | 8,188,000 | 7,447,000 | 7,133,000 | 6,836,000 | 6,484,000 | 6,559,000 | 6,585,000 | 6,750,000 | 7,127,000 | 7,320,000 | 7,443,100 | 7,520,000 |
| Receivables | US$ in thousands | 1,188,000 | 914,000 | 991,000 | 1,523,000 | 1,629,000 | 1,255,000 | 1,361,000 | 1,818,000 | 1,589,000 | 1,008,000 | 976,000 | 1,310,000 | 1,115,000 | 732,000 | 674,600 | 1,016,300 | 1,011,100 | 640,700 | 779,800 | 1,231,400 |
| Receivables turnover | 6.98 | 9.77 | 9.54 | 6.46 | 6.26 | 8.05 | 7.06 | 4.99 | 5.15 | 7.39 | 7.31 | 5.22 | 5.82 | 8.96 | 9.76 | 6.64 | 7.05 | 11.43 | 9.54 | 6.11 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $8,290,000K ÷ $1,188,000K
= 6.98
The receivables turnover of UGI Corp. has been fluctuating over the past eight quarters, ranging from a low of 4.79 to a high of 9.43. This ratio indicates how efficiently the company is collecting outstanding receivables from its customers. A higher turnover ratio generally suggests better liquidity and efficient management of accounts receivable.
In Q4 2022, the receivables turnover was at a relatively high level of 7.91, indicating that UGI Corp. was able to collect its outstanding receivables more frequently during that period. However, this ratio increased significantly to 9.43 in Q4 2023, reaching the highest point in the provided data period. This surge suggests a notable improvement in the company's collection efficiency during that quarter.
In the subsequent quarters, the receivables turnover remained relatively high, indicating consistent effectiveness in collecting receivables. Although there were fluctuations in the ratio, overall, UGI Corp. maintained a healthy turnover ratio above 5. This suggests that the company has been successful in managing its accounts receivable efficiently, which is a positive indicator of its liquidity and operational effectiveness.
Peer comparison
Dec 31, 2023