Chord Energy Corp (CHRD)
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 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,862,929 | 3,922,232 | 3,986,992 | 3,864,580 | 4,140,141 | 3,571,117 | 2,780,208 | 2,624,106 | 1,804,786 | 1,597,593 | 1,329,219 | 1,090,044 | 1,227,058 | 1,430,029 | 1,795,055 | 1,936,243 | 2,052,134 | 2,157,750 | 2,173,144 | 2,066,018 |
| Receivables | US$ in thousands | 943,114 | 1,031,540 | 770,099 | 790,989 | 781,738 | 717,149 | 494,949 | 504,436 | 377,202 | 269,740 | 302,506 | 268,818 | 202,274 | 201,514 | 220,654 | 371,181 | 381,617 | 396,104 | 456,639 | 387,602 |
| Receivables turnover | 4.10 | 3.80 | 5.18 | 4.89 | 5.30 | 4.98 | 5.62 | 5.20 | 4.78 | 5.92 | 4.39 | 4.05 | 6.07 | 7.10 | 8.14 | 5.22 | 5.38 | 5.45 | 4.76 | 5.33 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,862,929K ÷ $943,114K
= 4.10
Based on the data provided, Chord Energy Corp's receivables turnover has shown fluctuations over the past eight quarters. The receivables turnover ratio measures how efficiently a company is collecting its outstanding receivables during a specific period. A higher turnover ratio indicates that the company is collecting receivables more quickly.
In Q2 2023, Chord Energy Corp achieved its highest receivables turnover of 5.21, reflecting an efficient collection of outstanding receivables during that period. This could signify effective credit policies or prompt payment collection from customers.
Although there was a slight dip in Q3 2023 to 3.83, the ratio rebounded in Q4 2023 to 4.13. Overall, the company has maintained a generally consistent performance in terms of receivables turnover throughout the quarters, with the ratio ranging between 3.72 to 5.21.
It is essential for Chord Energy Corp to monitor its receivables turnover regularly to ensure timely collection of outstanding dues, optimize cash flow, and assess the effectiveness of its credit and collection policies.
Peer comparison
Dec 31, 2023