UGI Corporation (UGI)
Receivables turnover
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 7,210,000 | 7,372,000 | 7,651,000 | 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 |
| Receivables | US$ in thousands | 765,000 | 827,000 | 1,192,000 | 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 |
| Receivables turnover | 9.42 | 8.91 | 6.42 | 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 |
September 30, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $7,210,000K ÷ $765,000K
= 9.42
The receivables turnover ratio for UGI Corporation has shown fluctuations over the past several quarters. The ratio indicates how many times, on average, receivables are collected during a period. A higher turnover ratio is generally favorable as it implies that the company efficiently collects cash from its credit sales.
In the latest quarter, the receivables turnover ratio was 9.42, reflecting an improvement compared to the previous quarter. This suggests that UGI Corporation collected its accounts receivable more frequently during this period, which could potentially indicate effective credit and collection management practices.
Looking at the trend over the past few quarters, there are variations in the receivables turnover ratio, with some quarters showing higher ratios than others. It's crucial for the company to analyze the reasons behind these fluctuations to identify any underlying issues in credit policies, customer payment patterns, or changes in the business environment.
Overall, a consistent and higher receivables turnover ratio is desirable, as it signifies efficient management of accounts receivable and liquidity for the company. UGI Corporation should continue monitoring and improving its receivables turnover ratio to ensure timely collection of outstanding balances.
Peer comparison
Sep 30, 2024