Crescent Energy Co (CRGY)
Activity ratios
Short-term
Turnover ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | — | 45.20 | — | 6.51 | 5.23 | 6.01 | 3.77 | 17.66 | 12.25 | — | — | — | — | — | — | — |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | — | — | 4.20 | — | — | 107.98 | — | — | — | — | — | — | — | — | — | — |
Crescent Energy Co's activity ratios indicate its efficiency in managing various aspects of its operations.
- Inventory Turnover: The inventory turnover ratio measures how efficiently the company is managing its inventory. In the most recent period, Crescent Energy Co had an inventory turnover of 45.20, indicating that the company turned over its inventory more than 45 times during that period. This may suggest that the company is selling its inventory quickly and efficiently.
- Receivables Turnover: The receivables turnover ratio reflects how efficiently the company is collecting on its credit sales. Unfortunately, data for this ratio is not available for Crescent Energy Co for the periods provided. Without this information, it is difficult to assess the effectiveness of the company in collecting its receivables.
- Payables Turnover: The payables turnover ratio reveals how quickly the company is paying its suppliers. Similar to receivables turnover, there is no data available for this ratio for Crescent Energy Co for the periods specified. This limits our ability to evaluate the company's management of its payables.
- Working Capital Turnover: The working capital turnover ratio assesses how effectively the company is utilizing its working capital to generate sales. In certain periods, particularly September 30, 2023, and June 30, 2024, Crescent Energy Co had working capital turnover ratios of 107.98 and 4.20, respectively. These figures suggest that the company generated sales relative to its working capital position, indicating varying levels of efficiency in utilizing working capital during those periods.
Overall, while the inventory turnover ratio provides some insight into Crescent Energy Co's operational efficiency in managing its inventory, the lack of data for receivables turnover and payables turnover ratios limits a comprehensive assessment of the company's overall activity efficiency.
Average number of days
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | 8.07 | — | 56.04 | 69.80 | 60.75 | 96.76 | 20.67 | 29.79 | — | — | — | — | — | — | — |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Crescent Energy Co's activity ratios indicate how efficiently the company manages its inventory, collects receivables, and pays its suppliers.
1. Days of Inventory on Hand (DOH):
- The DOH ratio shows how many days on average it takes for the company to sell its inventory.
- Crescent Energy Co's DOH ranged from 8.07 days to 96.76 days over the past few quarters, indicating fluctuations in inventory management efficiency.
- A lower DOH is generally preferred as it implies faster inventory turnover, reducing storage costs and potential obsolescence.
2. Days of Sales Outstanding (DSO):
- The DSO ratio measures how long it takes for the company to collect payment from its customers.
- The data provided shows no information for DSO, possibly due to the nature of Crescent Energy Co's business or data availability constraints.
- Ideally, a lower DSO suggests faster cash conversion and effective credit management practices.
3. Number of Days of Payables:
- This ratio reflects how long the company takes to pay its suppliers.
- Similar to DSO, the data for the Number of Days of Payables is not available, making it challenging to assess the company's payment behavior.
- A longer payment period can indicate good cash flow management, but excessively delaying payments may harm supplier relationships.
In conclusion, the available data on Crescent Energy Co's activity ratios suggests some variability in inventory management efficiency while lacking information on accounts receivable and payable management. Further analysis of DSO and payables turnover could provide a more comprehensive view of the company's operational effectiveness.
Long-term
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | — | — | — | — | — | 0.40 | 0.33 | 0.39 | 0.40 | 0.36 | 0.31 | 0.24 | 0.23 | 0.26 | 0.27 | 0.22 |
| Total asset turnover | 0.31 | 0.29 | 0.35 | 0.36 | 0.35 | 0.34 | 0.43 | 0.50 | 0.51 | 0.46 | 0.37 | 0.28 | 0.29 | 0.32 | 0.25 | 0.21 |
Long-term activity ratios such as the Fixed Asset Turnover and Total Asset Turnover ratios provide insights into how effectively Crescent Energy Co is utilizing its assets to generate sales.
Fixed Asset Turnover: This ratio measures the efficiency of Crescent Energy Co in generating sales revenue from its fixed assets. From March 2021 to June 2023, the Fixed Asset Turnover ratio showed an increasing trend, indicating improved efficiency in utilizing fixed assets to generate sales. The ratio peaked at 0.40 in December 2022, suggesting that for every dollar invested in fixed assets, the company generated $0.40 in sales. However, the ratio declined in the following periods, possibly signaling a decrease in sales relative to fixed asset investment. The absence of data for the latter half of 2024 limits a complete analysis of the trend.
Total Asset Turnover: This ratio measures how efficiently Crescent Energy Co is using all its assets to generate revenue. The Total Asset Turnover ratio showed fluctuations over the analyzed period. From September 2021 to December 2022, the ratio consistently increased, reaching a peak of 0.51 in December 2022. This suggests that for every dollar invested in total assets, the company generated $0.51 in sales. However, the ratio declined in subsequent periods, indicating a potential decrease in revenue generation efficiency per total asset. The ratio remained relatively stable from March 2023 to September 2024, ranging between 0.29 and 0.36.
In conclusion, the analysis of Crescent Energy Co's long-term activity ratios reveals varying trends in asset utilization efficiency over time. The company should continue to monitor these ratios to ensure optimal use of assets and strive for sustainable growth and profitability.