CNX Resources Corp (CNX)

Working capital turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	3,434,950	1,261,210	756,792	1,257,980	1,922,450
Total current assets	US$ in thousands	421,788	573,804	459,807	273,332	498,101
Total current liabilities	US$ in thousands	822,998	1,312,800	954,576	441,312	528,939
Working capital turnover		—	—	—	—	—

December 31, 2023 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $3,434,950K ÷ ($421,788K – $822,998K)
= —

To calculate CNX Resources Corp's working capital turnover, we need the relevant data for current assets and current liabilities for each year. Unfortunately, the table provided does not include the necessary information for us to compute the working capital turnover ratio. Working capital turnover is calculated by dividing total revenue by the average working capital (current assets minus current liabilities).

To perform a thorough analysis and determine the efficiency of CNX Resources Corp in utilizing its working capital to generate revenue, we would need to have access to the current assets, current liabilities, and total revenue figures for each year. This ratio helps in assessing the company's ability to efficiently manage its working capital to support its operations and revenue generation activities over time.