California Resources Corp (CRC)
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 | 3,198,000 | 3,047,000 | 2,154,000 | 2,231,000 | 2,801,000 | 2,757,000 | 3,422,000 | 3,578,000 | 2,707,000 | 2,659,000 | 2,122,000 | 1,679,000 | 1,889,000 | 1,407,000 | 1,228,000 | 1,200,000 | 1,410,000 | 1,868,000 | 2,140,000 | 2,517,000 |
| Receivables | US$ in thousands | 426,000 | 359,000 | 244,000 | 262,000 | 235,000 | 271,000 | 216,000 | 279,000 | 369,000 | 321,000 | 340,000 | 301,000 | 245,000 | 261,000 | 238,000 | 201,000 | 177,000 | 155,000 | 132,000 | 135,000 |
| Receivables turnover | 7.51 | 8.49 | 8.83 | 8.52 | 11.92 | 10.17 | 15.84 | 12.82 | 7.34 | 8.28 | 6.24 | 5.58 | 7.71 | 5.39 | 5.16 | 5.97 | 7.97 | 12.05 | 16.21 | 18.64 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,198,000K ÷ $426,000K
= 7.51
The receivables turnover ratio for California Resources Corp has shown fluctuations over the quarters provided. The ratio indicates the company's effectiveness in collecting its accounts receivable during a specific period.
The trend indicates a decline in the ratio from March 31, 2020, to June 30, 2024. This decline could suggest potential issues with the company's credit policies, collection efforts, or the creditworthiness of its customers.
However, it's worth noting that there are fluctuations within this declining trend, indicating potential seasonal influences or specific events impacting the company's receivables turnover.
Overall, further analysis is necessary to understand the reasons behind the declining trend and to assess the effectiveness of California Resources Corp in managing and collecting its accounts receivable.
Peer comparison
Dec 31, 2024