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The Southern Company (SO) |
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The Southern Accounts Receivables Turnover Ratio from the second quarter 2023 to the second quarter 2021
Quarterly Results, Trends, Rankings, Statistics
The Southern Company's ability to collect accounts receivable sequentially worsen to 15.33, indicating more challenging environment then in the forth quarter 2022, but still, it is a far cry from any concerns. The Southern's Average receivable collection period in the Jun 30 2023 quarter, has increased to 24 days, from 23 days, in the Dec 31 2022 quarter.
If we take a look into Utilities sector 18 other companies have achieved higher receivables turnover ratio. While receivables turnover ratio remained unchanged relative to the previous period at no. .
What is Receivable Turnover Ratio?
What is The Southern Company 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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SO Receivables Turnover Ratio |
(Jun 30 2023) II. Quarter |
(Dec 31 2022) IV. Quarter |
(Sep 30 2021) III. Quarter |
(Jun 30 2021) II. Quarter |
(Mar 31 2021) I. Quarter |
Y / Y Receivable Change |
5.77 % |
19.84 % |
3.8 % |
4.42 % |
6.57 % |
Y / Y Revenue Change |
-2.74 % |
133.2 % |
11 % |
12.51 % |
17.78 % |
Receivable Turnover Ratio (TTM) |
15.33 |
15.62 |
12.58 |
12.35 |
12.15 |
SO's Total
Ranking |
# |
# |
# |
# |
# |
Average receivable collection period |
24 |
23 |
29 |
30 |
30 |
Seq. Receivable Change |
-13.38 % |
13.48 % |
9.34 % |
-1.6 % |
-1.85 % |
Seq. Revenue Change |
-51.83 % |
91.3 % |
20.01 % |
-12.05 % |
15.5 % |
Receivable
Turnover Ratio Statistics |
High |
Average |
Low |
16.39 |
12.55 |
10.21 |
(Dec. 30, 2005) |
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(Dec. 30, 2015) |
Companies with similar Receivables Turnover Ratio for the quarter ending Jun 30 2023, within Utilities Sector | Receivable Turnover Ratio | Revenues for 12 Months ending Jun 30 2023 | Receivable at quarter ending Jun 30 2023 | Delek Logistics Partners Lp | 38.31 | $ 2,073.328 Millions | $ 54.113 Millions | Enbridge Inc | 28.23 | $ 48,862.370 Millions | $ 1,730.570 Millions | Sempra | 26.05 | $ 16,967.000 Millions | $ 651.250 Millions | American States Water Company | 24.92 | $ 550.989 Millions | $ 22.111 Millions | Xcel Energy Inc | 21.82 | $ 27,168.000 Millions | $ 1,245.000 Millions | Cheniere Energy Inc | 21.68 | $ 29,349.000 Millions | $ 1,354.000 Millions | Hf Sinclair Corporation | 20.00 | $ 34,982.717 Millions | $ 1,749.178 Millions | Evergy Inc | 18.77 | $ 5,839.700 Millions | $ 311.050 Millions | Cheniere Energy Partners L p | 17.61 | $ 14,547.000 Millions | $ 826.250 Millions | Cleco Corporate Holdings Llc | 16.50 | $ 2,173.928 Millions | $ 131.728 Millions | The Southern Company | 15.33 | $ 29,117.000 Millions | $ 1,899.250 Millions | Allete Inc | 15.24 | $ 1,912.400 Millions | $ 125.475 Millions | Targa Resources Corp | 14.40 | $ 17,839.100 Millions | $ 1,238.700 Millions | Oneok Inc | 14.12 | $ 19,198.562 Millions | $ 1,359.371 Millions | Crestwood Equity Partners Lp | 13.50 | $ 5,253.200 Millions | $ 389.200 Millions | Plains All American Pipeline Lp | 13.49 | $ 51,232.000 Millions | $ 3,799.000 Millions | Plains Gp Holdings Lp | 13.49 | $ 51,232.000 Millions | $ 3,799.000 Millions | Wisconsin Public Service Corporation | 13.04 | $ 1,760.300 Millions | $ 135.025 Millions | Ameren Corporation | 12.51 | $ 8,174.000 Millions | $ 653.250 Millions | Excelerate Energy Inc | 12.38 | $ 1,901.799 Millions | $ 153.604 Millions | Wisconsin Electric Power Company | 12.00 | $ 4,047.000 Millions | $ 337.350 Millions | Mge Energy Inc | 11.70 | $ 718.484 Millions | $ 61.413 Millions | Antero Midstream Corporation | 11.39 | $ 959.781 Millions | $ 84.232 Millions | Enlink Midstream Llc | 11.29 | $ 8,011.400 Millions | $ 709.625 Millions | Usa Compression Partners Lp | 11.28 | $ 933.320 Millions | $ 82.707 Millions | Duke Energy Corporation | 11.03 | $ 28,805.000 Millions | $ 2,611.750 Millions | Kinder Morgan Inc | 10.85 | $ 17,145.000 Millions | $ 1,579.500 Millions | Idacorp Inc | 10.62 | $ 1,784.467 Millions | $ 168.095 Millions | Cms energy Corporation | 10.55 | $ 6,921.000 Millions | $ 656.000 Millions | Northwest Natural Holding Company | 10.33 | $ 1,192.374 Millions | $ 115.404 Millions |
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