Crescent Energy Co (CRGY)

Working capital turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	US$ in thousands	2,451,980	3,794,960	1,967,760
Total current assets	US$ in thousands	615,652	516,739	479,618
Total current liabilities	US$ in thousands	750,257	893,749	616,125
Working capital turnover		—	—	—

December 31, 2023 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $2,451,980K ÷ ($615,652K – $750,257K)
= —

Working capital turnover is a financial ratio that measures how efficiently a company is utilizing its working capital to generate sales revenue. It is calculated by dividing net sales by the average working capital. Unfortunately, the data provided for Crescent Energy Co does not include the specific figures for working capital and net sales for the years 2021, 2022, and 2023, which are essential for calculating the working capital turnover ratio.

To conduct a thorough analysis of Crescent Energy Co's working capital turnover, it is crucial to have access to the necessary financial data. Without the specific figures for net sales and working capital for the respective years, it is challenging to provide a precise assessment of the company's efficiency in managing its working capital to support its sales activities. I recommend obtaining additional information to calculate the working capital turnover ratio accurately and evaluate Crescent Energy Co's operational efficiency and financial performance.