Consol Energy Inc (CEIX)
Receivables turnover
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,568,877 | 2,556,589 | 2,548,363 | 2,432,015 | 2,101,937 | 1,945,411 | 1,532,785 | 1,275,325 | 1,258,947 | 1,102,929 | 1,197,136 | 1,072,538 | 1,021,643 | 1,039,671 | 1,129,798 | 1,351,546 | 1,430,903 | 1,470,504 | 1,461,406 | 1,492,370 |
| Receivables | US$ in thousands | 160,377 | 158,981 | 124,174 | 185,613 | 196,644 | 147,370 | 149,322 | 189,788 | 115,730 | 103,689 | 115,308 | 166,231 | 160,446 | 145,296 | 127,829 | 146,976 | 172,672 | 138,997 | 139,750 | 145,828 |
| Receivables turnover | 16.02 | 16.08 | 20.52 | 13.10 | 10.69 | 13.20 | 10.26 | 6.72 | 10.88 | 10.64 | 10.38 | 6.45 | 6.37 | 7.16 | 8.84 | 9.20 | 8.29 | 10.58 | 10.46 | 10.23 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,568,877K ÷ $160,377K
= 16.02
The receivables turnover ratio measures how efficiently a company is collecting its accounts receivable during a specific period. A higher turnover ratio indicates that the company is collecting its receivables more quickly.
Looking at the receivables turnover for Consol Energy Inc over the past eight quarters, we can observe fluctuations in the ratio. In Q2 2023, the company achieved the highest turnover ratio of 19.90, indicating that it was able to collect its receivables almost 20 times during that period. This suggests a strong efficiency in collecting outstanding payments from customers.
On the other hand, in Q1 2022, the receivables turnover ratio was at its lowest at 7.73, which indicates that the company took longer to collect its receivables during that period.
Overall, the trend in the receivables turnover ratio for Consol Energy Inc shows variability, with some quarters demonstrating higher efficiency in collecting receivables compared to others. It would be important for the company to monitor this ratio consistently to ensure effective management of its accounts receivable and maintain healthy cash flow.
Peer comparison
Dec 31, 2023