Chesapeake Energy Corp (CHK)
Working capital turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 8,721,000 | 11,743,000 | 5,549,000 | 5,240,000 | 8,532,000 |
| Total current assets | US$ in thousands | 2,609,000 | 2,698,000 | 2,103,000 | 1,108,000 | 1,251,000 |
| Total current liabilities | US$ in thousands | 1,314,000 | 2,704,000 | 2,447,000 | 3,094,000 | 2,392,000 |
| Working capital turnover | 6.73 | — | — | — | — |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $8,721,000K ÷ ($2,609,000K – $1,314,000K)
= 6.73
The working capital turnover ratio for Chesapeake Energy Corp in 2023 stood at 6.73. This indicates that the company generated 6.73 times its working capital in revenue during the year. A higher working capital turnover ratio typically suggests that the company efficiently utilizes its short-term assets to generate revenue. However, since historical data for this ratio is not available, it is challenging to provide a trend analysis or compare the current ratio to previous years. Nonetheless, a working capital turnover ratio of 6.73 in 2023 indicates strong efficiency in utilizing its working capital to drive revenue generation.
Peer comparison
Dec 31, 2023