The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Atmos Energy's Revenue for the
three
months ended in Dec. 2023 was $1,158 Mil. Atmos Energy's average Accounts Receivable for the
three
months ended in Dec. 2023 was $423 Mil.
Hence, Atmos Energy's Receivables Turnover for the
three
months ended in Dec. 2023 was 2.74.
Atmos Energy Receivables Turnover Historical Data
The historical data trend for Atmos Energy's Receivables Turnover can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Atmos Energy's Receivables Turnover
For the Utilities - Regulated Gas subindustry, Atmos Energy's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Atmos Energy's Receivables Turnover Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Atmos Energy's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Atmos Energy's Receivables Turnover falls into.
Atmos Energy Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Atmos Energy's Receivables Turnover for the fiscal year that ended in Sep. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Atmos Energy (NYSE:ATO) Receivables Turnover Explanation
An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.
Atmos Energy Receivables Turnover Related Terms
Thank you for viewing the detailed overview of Atmos Energy's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Atmos Energy is the largest publicly traded, fully regulated, pure-play natural gas utility in the United States, serving more than 3 million customers in Texas, Colorado, Kansas, Kentucky, Louisiana, Mississippi, Tennessee, and Virginia. About two thirds of its earnings come from Texas, where it distributes natural gas in northern Texas and owns an intrastate gas pipeline spanning several key shale gas formations and interconnected with five storage facilities.
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