CNX Resources Corp (CNX)

Receivables turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Revenue (ttm)	US$ in thousands	1,266,787	2,098,976	2,025,269	2,543,526	3,434,953	4,103,016	3,869,571	3,450,289	2,987,605	2,641,965	3,151,913	3,143,144	2,802,921	2,138,434	1,577,500	1,314,692	1,257,978	1,136,022	1,599,944	2,056,135
Receivables	US$ in thousands	197,406	152,385	146,495	134,697	133,991	91,355	109,072	144,223	354,642	484,524	453,474	268,260	339,118	260,640	168,394	157,433	150,255	81,226	191,283	217,577
Receivables turnover		6.42	13.77	13.82	18.88	25.64	44.91	35.48	23.92	8.42	5.45	6.95	11.72	8.27	8.20	9.37	8.35	8.37	13.99	8.36	9.45

December 31, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,266,787K ÷ $197,406K
= 6.42

The receivables turnover ratio measures how efficiently CNX Resources Corp is collecting on its accounts receivable. A higher turnover ratio generally indicates a shorter time it takes for the company to collect outstanding payments from customers.

From the data provided, we can see fluctuations in CNX Resources Corp's receivables turnover over the reporting periods. The ratio ranged from a low of 5.45 on September 30, 2022, to a high of 44.91 on September 30, 2023. The significant increase in the ratio from September 30, 2022, to September 30, 2023, suggests that the company was able to collect its receivables much more efficiently during that period.

However, after September 30, 2023, the ratio fluctuated again, with decreases in the following quarters. The company experienced a decrease to 18.88 on March 31, 2024, and a further decline to 6.42 on December 31, 2024. These lower ratios may indicate potential issues with collecting receivables efficiently or changes in the company's credit policies.

Overall, it is essential for CNX Resources Corp to closely monitor its receivables turnover ratio to ensure efficient management of its accounts receivable and timely collection of payments from customers. Fluctuations in this ratio could signal changes in the company's collection processes or potential credit risks that need to be addressed.