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Kinetik Holdings Inc (KNTK) |
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Kinetik Holdings Inc Accounts Receivables Turnover Ratio from the forth quarter 2023 to the forth quarter 2022
Quarterly Results, Trends, Rankings, Statistics
Kinetik Holdings Inc 's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the forth quarter 2023 to a ratio of 6.08, this is below the company average, and notable indication of worsening business environment. Average receivable collection period, for the Kinetik Holdings Inc in Dec 31 2023 quarter, has decreased to 60 days, compared to 67 days, in the Sep 30 2023 quarter.
If we take a look into Utilities sector 59 other companies have achieved higher receivables turnover ratio. While receivables turnover ratio total ranking has improved thus far to 1170, from overall ranking in the third quarter 2023 at 3016.
What is Receivable Turnover Ratio?
What is Kinetik Holdings Inc Selling?
What is Receivable Turnover Ratio?
Select the Comparisons :
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Select the Ratio:
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Accounts Receivables Turnover▼
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Accounts Receivables Turnover▼
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KNTK Receivables Turnover Ratio |
(Dec 31 2023) IV. Quarter |
(Sep 30 2023) III. Quarter |
(Jun 30 2023) II. Quarter |
(Mar 31 2023) I. Quarter |
(Dec 31 2022) IV. Quarter |
Y / Y Receivable Change |
5.73 % |
- |
- |
- |
1634.85 % |
Y / Y Revenue Change |
72.75 % |
1.42 % |
-30.63 % |
8.57 % |
467.39 % |
Receivable Turnover Ratio (TTM) |
6.08 |
5.44 |
7.56 |
12.26 |
23.79 |
KNTK's Total
Ranking |
# 1170 |
# 3016 |
# 3076 |
# 787 |
# 2203 |
Average receivable collection period |
60 |
67 |
48 |
30 |
15 |
Seq. Receivable Change |
-6.44 % |
27.01 % |
-8.79 % |
-2.45 % |
- |
Seq. Revenue Change |
5.62 % |
11.51 % |
5.4 % |
39.16 % |
-37.99 % |
Receivable
Turnover Ratio Statistics |
High |
Average |
Low |
356.14 |
54.87 |
5.44 |
(Sep 30 2022) |
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(Sep 30 2023) |
Companies with similar Receivables Turnover Ratio for the quarter ending Dec 31 2023, within Utilities Sector | Receivable Turnover Ratio | Revenues for 12 Months ending Dec 31 2023 | Receivable at quarter ending Dec 31 2023 | Allete Inc | 15.03 | $ 1,879.800 Millions | $ 125.075 Millions | Oneok Inc | 12.97 | $ 17,677.000 Millions | $ 1,363.000 Millions | Plains All American Pipeline Lp | 12.82 | $ 48,712.000 Millions | $ 3,800.250 Millions | Plains Gp Holdings Lp | 12.82 | $ 48,712.000 Millions | $ 3,800.250 Millions | Antero Midstream Corporation | 12.08 | $ 1,054.417 Millions | $ 87.267 Millions | Ameren Corporation | 12.03 | $ 7,500.000 Millions | $ 623.500 Millions | Duke Energy Corporation | 11.64 | $ 29,060.000 Millions | $ 2,496.000 Millions | Northwest Natural Holding Company | 11.48 | $ 1,197.475 Millions | $ 104.341 Millions | Rgc Resources Inc | 11.03 | $ 88.577 Millions | $ 8.033 Millions | Enlink Midstream Llc | 10.93 | $ 6,900.100 Millions | $ 631.275 Millions | Kinder Morgan Inc | 10.77 | $ 15,334.000 Millions | $ 1,423.750 Millions | Idacorp Inc | 10.24 | $ 1,766.356 Millions | $ 172.476 Millions | Stabilis Solutions Inc | 10.24 | $ 72.573 Millions | $ 7.087 Millions | Spire Inc | 9.85 | $ 2,608.900 Millions | $ 264.775 Millions | Berkshire Hathaway Energy Company | 9.83 | $ 25,602.000 Millions | $ 2,603.250 Millions | Enterprise Products Partners L p | 9.71 | $ 69,553.100 Millions | $ 7,162.700 Millions | Nisource Inc | 9.45 | $ 14,214.100 Millions | $ 1,503.400 Millions | Usa Compression Partners Lp | 9.41 | $ 846.178 Millions | $ 89.893 Millions | New Jersey Resources Corporation | 9.14 | $ 1,706.637 Millions | $ 186.623 Millions | Southwest Gas Holdings Inc | 9.13 | $ 8,333.248 Millions | $ 912.620 Millions | Energy Transfer Lp | 9.00 | $ 78,586.000 Millions | $ 8,729.500 Millions | Pinnacle West Capital Corporation | 8.87 | $ 4,695.991 Millions | $ 529.686 Millions | Alliant Energy Corp | 8.87 | $ 4,027.000 Millions | $ 454.250 Millions | Mplx Lp | 8.69 | $ 11,281.000 Millions | $ 1,297.500 Millions | Atmos Energy Corp | 8.64 | $ 3,949.815 Millions | $ 457.406 Millions | Vistra Corp | 8.56 | $ 14,779.000 Millions | $ 1,726.000 Millions | Nustar Energy L p | 8.33 | $ 1,155.567 Millions | $ 138.800 Millions | Nrg Energy inc | 8.18 | $ 28,823.000 Millions | $ 3,524.750 Millions | Archrock inc | 8.17 | $ 990.337 Millions | $ 121.261 Millions | Eversource Energy | 8.14 | $ 11,910.705 Millions | $ 1,463.526 Millions |
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