UNITIL Corporation (UTL)

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	953,400	958,900	980,900	996,300	1,079,300	1,149,700	1,162,300	1,153,300	1,098,100	1,055,800	1,031,600	1,027,000	919,400	874,400	853,000	827,600	810,800	809,600	805,400	806,400
Receivables	US$ in thousands	81,400	65,300	65,800	86,100	84,400	71,700	68,900	96,900	91,800	76,800	67,700	82,600	74,300	56,800	55,500	74,400	66,900	55,200	52,500	64,800
Receivables turnover		11.71	14.68	14.91	11.57	12.79	16.03	16.87	11.90	11.96	13.75	15.24	12.43	12.37	15.39	15.37	11.12	12.12	14.67	15.34	12.44

December 31, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $953,400K ÷ $81,400K
= 11.71

Based on the data provided, UNITIL Corporation's receivables turnover ratio has fluctuated over the reporting periods.

The receivables turnover ratio measures how efficiently a company is able to collect on its credit sales within a specific time period. A higher turnover ratio is generally indicative of better efficiency in collecting outstanding receivables.

From March 31, 2020, to December 31, 2024, UNITIL's receivables turnover ratio ranged from a low of 11.12 to a high of 16.87. The ratio increased from 12.44 on March 31, 2020, to a peak of 16.87 on June 30, 2023, before decreasing to 14.68 by September 30, 2024.

Overall, UNITIL's receivables turnover ratio demonstrates variability, indicating fluctuations in its ability to efficiently collect on credit sales over time. It would be important for stakeholders to analyze the reasons behind these fluctuations and assess the impact on the company's overall financial health and cash flow management.