Crescent Energy Co (CRGY)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,930,920 | 2,382,600 | 3,057,060 | 1,476,980 | 754,221 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Receivables turnover | — | — | — | — | — |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $2,930,920K ÷ $—K
= —
Based on the provided data, Crescent Energy Co's receivables turnover ratio for the years 2020, 2021, 2022, 2023, and 2024 is not available (marked as "—").
The absence of specific receivables turnover figures makes it challenging to evaluate the efficiency of Crescent Energy Co in collecting its accounts receivable during these years. The receivables turnover ratio typically indicates how many times a company converts its receivables into cash over a specific period. A higher receivables turnover ratio is generally preferred as it suggests a faster collection of outstanding payments, whereas a lower ratio may signal potential issues with credit policies or collection efforts.
Without concrete data points for the receivables turnover ratio, a more detailed analysis of Crescent Energy Co's ability to manage its receivables effectively cannot be provided. It would be beneficial for stakeholders to monitor this ratio in the future to assess the company's performance in managing its accounts receivable and liquidity position.
Peer comparison
Dec 31, 2024