Consol Energy Inc (CEIX)
Working capital 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 |
| Total current assets | US$ in thousands | 601,006 | 579,394 | 578,424 | 611,988 | 598,483 | 558,297 | 540,730 | 528,392 | 386,340 | 384,241 | 371,952 | 336,742 | 292,941 | 251,296 | 242,980 | 310,743 | 338,029 | 357,124 | 396,353 | 406,153 |
| Total current liabilities | US$ in thousands | 443,724 | 454,151 | 413,731 | 442,466 | 448,798 | 515,005 | 576,504 | 627,419 | 445,232 | 515,676 | 370,257 | 371,194 | 368,470 | 388,612 | 373,903 | 394,258 | 392,264 | 411,152 | 407,874 | 417,320 |
| Working capital turnover | 16.33 | 20.41 | 15.47 | 14.35 | 14.04 | 44.94 | — | — | — | — | 706.27 | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $2,568,877K ÷ ($601,006K – $443,724K)
= 16.33
Consol Energy Inc's working capital turnover has shown varied trends over the past few quarters. In Q4 2023, the working capital turnover ratio was 15.94, which decreased from the previous quarter's ratio of 19.81. This indicates that the company's efficiency in utilizing its working capital to generate revenue declined in the most recent quarter.
Comparing the Q4 2023 ratio to the same quarter in the previous year, there was a slight decrease from 15.23. Although the turnover ratio improved from the same quarter in the previous year, it was still lower than the peak ratio of 46.34 seen in Q3 2022. This suggests that Consol Energy Inc experienced a significant improvement in working capital efficiency at that time.
However, the working capital turnover ratio dropped in the subsequent quarters and remained relatively stable in Q1 2023 and Q2 2023 before seeing a decline in Q3 2023 and Q4 2023. It is important for Consol Energy Inc to closely monitor and manage its working capital turnover to ensure optimal utilization of resources and efficient operations.
Peer comparison
Dec 31, 2023