Crescent Energy Co (CRGY)

Short-term

Turnover ratios

The activity ratios of Crescent Energy Co provide insights into how efficiently the company is managing its assets and liabilities to generate revenue.

1. Inventory Turnover:
- In 2020, the inventory turnover ratio was remarkably high at 457.42, indicating that the company's inventory was sold and replaced rapidly during that period.
- There was no data available for 2021 and 2024, suggesting possible changes in reporting practices or significant fluctuations in inventory management during those years.
- In 2022 and 2023, the inventory turnover ratios were 10.89 and 11.38, respectively, reflecting a more normalized turnover rate compared to the exceptionally high figure in 2020.

2. Receivables Turnover:
- There is no data available for receivables turnover for any of the years, implying a lack of information regarding how quickly the company collects payments from its customers. This may indicate that the company does not have a significant accounts receivable balance or that the data is not reported.

3. Payables Turnover:
- Similar to receivables turnover, there is no data provided for payables turnover across all the years. This hinders the assessment of how efficiently Crescent Energy Co manages its payables and relationships with suppliers.

4. Working Capital Turnover:
- In 2020, the working capital turnover ratio was 7.56, indicating that the company generated $7.56 in revenue for every dollar of working capital invested during that year.
- Data was not available for the working capital turnover for the years following 2020, suggesting a lack of information to assess the company's efficiency in utilizing its working capital to drive sales.

Overall, while the inventory turnover ratio provides some insight into the efficiency of managing inventory levels, the absence of data for receivables turnover, payables turnover, and working capital turnover limits a comprehensive analysis of Crescent Energy Co's activity ratios and operational efficiency over the specified years.

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Average number of days

Crescent Energy Co's activity ratios indicate the efficiency of the company in managing its inventory, receivables, and payables.

1. Days of inventory on hand (DOH):
- On December 31, 2020, the company had only 0.80 days' worth of inventory on hand, implying a rapid turnover of inventory.
- For December 31, 2021, and December 31, 2024, the data is not available (represented as — days), making it difficult to assess inventory management for those years.
- The DOH increased significantly to 33.51 days on December 31, 2022, and slightly decreased to 32.06 days on December 31, 2023, indicating a slower inventory turnover in those years compared to 2020.

2. Days of sales outstanding (DSO):
- The data for DSO is not available for any of the years (represented as — days), making it challenging to evaluate the efficiency of the company in collecting receivables.

3. Number of days of payables:
- Similarly, the data for the number of days of payables is not provided for any of the years (represented as — days), which makes it impossible to assess how efficiently the company manages its payables.

In summary, based on the available data, Crescent Energy Co appears to have a relatively low DOH in 2020, indicating efficient inventory management. However, the lack of data for DSO and the number of days of payables limits a comprehensive evaluation of the company's overall activity ratios over the years. Further information would be required to provide a more detailed analysis of Crescent Energy Co's activity ratios.

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Long-term

The Fixed Asset Turnover ratio for Crescent Energy Co shows an increasing trend over the years, moving from 0.21 in December 31, 2020, to 0.40 in December 31, 2022. This indicates that the company is generating more revenue relative to its investment in fixed assets, showcasing improved efficiency in utilizing its long-term assets for sales generation. However, the data for December 31, 2023, and December 31, 2024 is missing, so it is necessary to obtain this information to complete the analysis.

Similarly, the Total Asset Turnover ratio for Crescent Energy Co also displays fluctuations over the period under consideration. It increased from 0.19 in December 31, 2020, to 0.51 in December 31, 2022, reflecting a significant improvement in utilizing all assets to generate sales. However, there was a decline in this ratio to 0.31 by December 31, 2024, signifying a potential decrease in overall asset efficiency in generating revenues. Monitoring this ratio going forward will be crucial to assess the company's ability to generate sales relative to its total asset base.