California Resources Corp (CRC)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,198,000 | 2,801,000 | 2,707,000 | 1,889,000 | 2,634,000 |
| Receivables | US$ in thousands | 426,000 | 235,000 | 369,000 | 245,000 | 277,000 |
| Receivables turnover | 7.51 | 11.92 | 7.34 | 7.71 | 9.51 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $3,198,000K ÷ $426,000K
= 7.51
The receivables turnover for California Resources Corp has shown some fluctuations over the years. From December 31, 2019, to December 31, 2024, the receivables turnover ratio has varied. It decreased from 9.51 in 2019 to 7.71 in 2021, further dropped to 7.34 in 2022, and then increased significantly to 11.92 in 2023. However, it fell again to 7.51 by December 31, 2024.
A higher receivables turnover ratio typically indicates that the company is efficient in collecting outstanding receivables, while a lower ratio may suggest potential issues with collecting payments from customers. Although the ratio has fluctuated, it is essential for California Resources Corp to monitor and manage its receivables effectively to ensure timely collections and maintain healthy cash flows.
Peer comparison
Dec 31, 2024