Chesapeake Energy Corp (CHK)
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 | 8,721,000 | 10,899,000 | 12,549,000 | 14,178,000 | 11,743,000 | 10,703,000 | 8,431,000 | 5,604,000 | 5,549,000 | 3,722,000 | 3,792,000 | 3,606,000 | 5,251,000 | 5,918,000 | 7,045,000 | 8,924,000 | 8,595,000 | 9,462,000 | 9,799,000 | 9,702,000 |
| Receivables | US$ in thousands | 593,000 | 685,000 | 671,000 | 864,000 | 1,438,000 | 1,757,000 | 1,804,000 | 1,383,000 | 1,115,000 | 815,000 | 674,000 | 704,000 | 746,000 | 676,000 | 513,000 | 762,000 | 990,000 | 977,000 | 1,021,000 | 1,196,000 |
| Receivables turnover | 14.71 | 15.91 | 18.70 | 16.41 | 8.17 | 6.09 | 4.67 | 4.05 | 4.98 | 4.57 | 5.63 | 5.12 | 7.04 | 8.75 | 13.73 | 11.71 | 8.68 | 9.68 | 9.60 | 8.11 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $8,721,000K ÷ $593,000K
= 14.71
The receivables turnover ratio of Chesapeake Energy Corp has fluctuated over the past five years, with a general upward trend. The ratio indicates how many times the company collects its accounts receivable balance during a specific period.
In December 2023, the receivables turnover ratio stood at 14.71, showing an increase from the previous quarter. This indicates that the company is collecting its receivables almost 15 times during the year, which suggests efficient management of its accounts receivable.
Looking back, we observe significant variability in the ratio, especially in the years prior to 2023, with the ratio ranging from as low as 4.05 in March 2022 to as high as 18.70 in June 2023. These fluctuations could be attributed to changes in the company's credit policies, industry-specific factors, or economic conditions.
Overall, a higher receivables turnover ratio suggests that Chesapeake Energy Corp is efficient in collecting payments from its customers, which is a positive indicator of liquidity and financial health. However, it is essential to consider industry norms and company-specific factors when evaluating the significance of the ratio.
Peer comparison
Dec 31, 2023