ATGFF (AltaGas) Receivables Turnover : 2.31 (As of Mar. 2025)

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What is AltaGas Receivables Turnover?

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. AltaGas's Revenue for the three months ended in Mar. 2025 was $2,765 Mil. AltaGas's average Accounts Receivable for the three months ended in Mar. 2025 was $1,197 Mil. Hence, AltaGas's Receivables Turnover for the three months ended in Mar. 2025 was 2.31.

AltaGas Receivables Turnover Historical Data

The historical data trend for AltaGas'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.

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AltaGas Receivables Turnover Chart

AltaGas Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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4.19

7.30

7.86

6.87

7.14

AltaGas Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Receivables Turnover	Get a 7-Day Free Trial															2.05	1.71	2.00	2.13	2.31

Competitive Comparison of AltaGas's Receivables Turnover

For the Oil & Gas Midstream subindustry, AltaGas'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.

AltaGas's Receivables Turnover Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, AltaGas's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where AltaGas's Receivables Turnover falls into.

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AltaGas Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

AltaGas's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	8737.278	/ (	(1298.45	+	1150.418)	/	2 )
=	8737.278	/	1224.434
=	7.14

AltaGas's Receivables Turnover for the quarter that ended in Mar. 2025 is calculated as

	Receivables Turnover (Q: Mar. 2025 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2025 )	/ (	(Accounts Receivable (Q: Dec. 2024 )	+	Accounts Receivable (Q: Mar. 2025 ))	/	count )
=	2764.698	/ (	(1150.418	+	1244.079)	/	2 )
=	2764.698	/	1197.2485
=	2.31

AltaGas (OTCPK:ATGFF) 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.

AltaGas Receivables Turnover Related Terms

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AltaGas Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » AltaGas Ltd (OTCPK:ATGFF) » Definitions » Receivables Turnover

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Traded in Other Exchanges

ALA.PR.G.PFD:Canada ALA.PR.B.PFD:Canada ALA.PR.A.PFD:Canada ALA:Canada

Address

707 - 5th Street S.W, Suite 1300, Calgary, AB, CAN, T2P 0Y3

Website

https://www.altagas.ca

AltaGas Ltd owns and operates a diversified basket of energy infrastructure businesses. Business is conducted through given segments: Midstream, Utilities, and Corporate/other. Midstream business consists of export facilities and locates processing, fractionation, and logistics infrastructure, as well as hydrocarbon storage in North America that connects North American producers from wellhead to offshore export and domestic markets. The utility business is offered through its regulated natural gas utilities - Washington Gas and SEMCO. The business generates revenue from customers in both Canada and the United States, with the majority coming from Canadian customers.