Crescent Energy Co (CRGY)
Receivables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,646,661 | 2,538,498 | 2,346,426 | 2,358,036 | 2,480,668 | 2,718,370 | 3,140,656 | 3,277,012 | 2,947,635 | |||
| Receivables | US$ in thousands | — | — | — | — | — | — | 470,363 | 459,752 | 520,063 | 596,192 | 513,334 | 342,196 |
| Receivables turnover | — | — | — | — | — | — | 6.68 | 7.13 | 5.67 |
September 30, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,646,661K ÷ $—K
= —
The data provided shows the receivables turnover ratio for Crescent Energy Co over the past few quarters. The receivables turnover ratio indicates how many times a company collects its accounts receivable during a specific period.
Based on the available data, we see that the receivables turnover ratio was not calculated for the periods ending in September 2024, June 2024, March 2024, December 2023, September 2023, and June 2023. However, for the periods ending in March 2023, December 2022, September 2022, and June 2022, the receivables turnover ratios were 6.68, 7.13, 5.67, and an undisclosed value, respectively.
The trend observed in the receivables turnover ratios indicates the efficiency of Crescent Energy Co in collecting payments from its customers. A higher turnover ratio suggests that the company is more efficient in collecting payments from its customers, while a lower ratio may indicate potential issues with collecting receivables efficiently.
Therefore, analyzing the receivables turnover ratios over time can provide insights into the company's effectiveness in managing its accounts receivable and collecting payments promptly, which is crucial for maintaining healthy cash flows and overall financial performance.
Peer comparison
Sep 30, 2024