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. Spire's Revenue for the
three
months ended in Dec. 2023 was $757 Mil. Spire's average Accounts Receivable for the
three
months ended in Dec. 2023 was $311 Mil.
Hence, Spire's Receivables Turnover for the
three
months ended in Dec. 2023 was 2.44.
Spire Receivables Turnover Historical Data
The historical data trend for Spire'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 Spire's Receivables Turnover
For the Utilities - Regulated Gas subindustry, Spire'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.
Spire's Receivables Turnover Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Spire's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Spire's Receivables Turnover falls into.
Spire Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Spire'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.
Spire (NYSE:SR) 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.
Spire Receivables Turnover Related Terms
Thank you for viewing the detailed overview of Spire's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Spire Inc is a public utility holding company with three reportable business segments: Gas Utility , Gas Marketing and Midstream. The Gas Utility segment includes the regulated operations of Laclede Gas, Alabama Gas Corporation (Alagasco), and EnergySouth Inc. The Utilities businesses operations include the purchase, retail, distribution, and sale of natural gas in Missouri, Alabama, and Mississippi. The Gas Utility segment generates a majority of the company's revenue but is subject to seasonal fluctuations. The Gas Marketing segment includes Laclede Energy Resources, Inc, whose operations include the marketing of natural gas and related activities on a non-regulated basis and the Midstream segment includes transportation and storage of natural gas.
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