Crescent Energy Co (CRGY)

Working capital 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
Total current assets US$ in thousands 864,705 1,334,340 563,765 615,652 903,114 596,936 540,041 516,739 580,476 673,046 649,080 479,618
Total current liabilities US$ in thousands 929,753 712,314 748,076 750,257 880,798 672,432 786,116 893,749 1,039,880 1,290,580 1,233,900 616,125
Working capital turnover 4.08 111.16

September 30, 2024 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $2,646,661K ÷ ($864,705K – $929,753K)
= —

The working capital turnover ratio for Crescent Energy Co has displayed significant variability over the past few quarters. In the most recent quarter ending September 30, 2024, the ratio was not provided. However, in the quarter ending June 30, 2024, the ratio stood at 4.08, indicating that the company was able to turn over its working capital 4.08 times during that period.

There is a notable absence of data for several quarters, including the previous December 31, 2023, and December 31, 2022. The working capital turnover ratio spiked to an exceptionally high value of 111.16 in the quarter ending September 30, 2023, suggesting a significant improvement in the efficiency of utilizing working capital to generate sales.

The inconsistent availability of data makes it challenging to draw continuous trends or comparisons over a more extended period. However, the comparatively high ratios in the available quarters may indicate efficient management of working capital during those periods, while the lack of data for other quarters leaves room for further analysis on the company's working capital management strategy.


Peer comparison

Sep 30, 2024