CNX Resources Corp (CNX)

Working capital 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
Total current assets US$ in thousands 370,635 332,939 368,547 460,442 421,788 300,592 399,823 351,598 573,804 723,739 618,197 416,876 459,807 583,824 333,976 277,446 273,332 332,239 430,722 586,053
Total current liabilities US$ in thousands 1,122,580 892,737 893,353 874,102 822,998 991,018 692,013 704,908 1,312,800 2,258,030 2,031,970 2,127,340 954,576 1,767,350 809,195 457,907 441,312 507,961 476,524 500,351
Working capital turnover — — — — — — — — — — — — — — — — — — — 23.99

December 31, 2024 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,266,787K ÷ ($370,635K – $1,122,580K)
= —

The working capital turnover ratio for CNX Resources Corp as of March 31, 2020, stands at 23.99. This ratio indicates that the company generated approximately $24 in net revenue for every dollar of working capital it held during that period. However, data for subsequent periods up to December 31, 2024, is not available, suggesting that the company may not be regularly reporting this metric or that there may have been significant changes in its working capital management practices. It is essential for investors and analysts to monitor this ratio over time to assess the company's efficiency in utilizing its working capital to generate revenues.