Consol Energy Inc (CEIX)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,568,880 | 2,101,940 | 1,258,950 | 1,021,640 | 1,430,900 |
| Receivables | US$ in thousands | 160,377 | 196,644 | 115,730 | 160,446 | 172,672 |
| Receivables turnover | 16.02 | 10.69 | 10.88 | 6.37 | 8.29 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $2,568,880K ÷ $160,377K
= 16.02
The receivables turnover of Consol Energy Inc has shown an increasing trend over the past five years. The ratio increased from 7.97 in 2019 to 15.63 in 2023, indicating that the company collected its accounts receivable more efficiently in 2023 compared to previous years. This improvement suggests that Consol Energy has been managing its receivables effectively and converting them into cash at a faster rate.
A higher receivables turnover ratio signifies that the company is able to collect payments from its customers quickly, which is a positive indicator of its liquidity and cash flow management. It implies that Consol Energy has been effectively managing credit sales, collecting outstanding receivables promptly, and maintaining strong relationships with its customers.
Overall, the increasing trend in the receivables turnover ratio for Consol Energy Inc reflects positively on the company's financial health and operational efficiency in managing its accounts receivable.
Peer comparison
Dec 31, 2023