CNX Resources Corp (CNX)

Receivables turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	1,266,790	3,434,950	1,261,210	756,792	1,257,980
Receivables	US$ in thousands	197,406	133,991	354,642	339,118	150,255
Receivables turnover		6.42	25.64	3.56	2.23	8.37

December 31, 2024 calculation

Receivables turnover = Revenue ÷ Receivables
= $1,266,790K ÷ $197,406K
= 6.42

The receivables turnover for CNX Resources Corp over the past five years has shown variability. In December 2020, the turnover ratio stood at 8.37, indicating that the company collected its accounts receivable approximately 8.37 times during that year. However, by December 2021, the ratio dropped significantly to 2.23, suggesting a slower collection of receivables compared to the previous year.

In December 2022, there was a slight improvement in the receivables turnover ratio to 3.56, although it remained below the 2020 level. The most notable change occurred in December 2023, with an exceptional spike in the ratio to 25.64. This significant increase indicates an accelerated collection of receivables during that period.

By December 2024, the receivables turnover ratio had decreased to 6.42, showing a decline from the exceptional turnover in the previous year. Overall, the fluctuation in the receivables turnover ratio for CNX Resources Corp suggests varying efficiencies in collecting accounts receivable over the years, highlighting the importance of monitoring and managing receivables effectively.