Crescent Energy Co (CRGY)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Revenue | US$ in thousands | 2,451,980 | 3,794,960 | 1,967,760 |
| Receivables | US$ in thousands | — | 459,752 | 342,196 |
| Receivables turnover | — | 8.25 | 5.75 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $2,451,980K ÷ $—K
= —
The receivables turnover ratio indicates how efficiently Crescent Energy Co is collecting its accounts receivable. A higher ratio implies faster turnover and more effective collections.
In 2022, the receivables turnover ratio was 8.25, showing an improvement from the previous year when it was 5.75. This substantial increase suggests that Crescent Energy Co managed to collect its accounts receivable more swiftly in 2022, indicating improved efficiency in managing its credit sales.
However, the absence of data for 2023 limits the ability to determine the trend continuity. It would be beneficial to have the 2023 receivables turnover ratio to assess if the favorable trend continued or if there was any deviation in the collection efficiency of Crescent Energy Co.
Peer comparison
Dec 31, 2023