Crescent Energy Co (CRGY)

Working capital turnover

		Dec 31, 2024	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	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021
Revenue (ttm)	US$ in thousands	2,930,919	2,713,358	2,610,882	2,449,938	2,382,602	2,409,636	2,632,195	3,048,290	3,057,063	2,835,560	2,336,331	1,758,026	1,476,977	1,204,330	942,108	819,828
Total current assets	US$ in thousands	788,088	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	255,305	251,514	210,058
Total current liabilities	US$ in thousands	827,363	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	513,486	371,781	219,610
Working capital turnover		—	—	4.20	—	—	107.98	—	—	—	—	—	—	—	—	—	—

December 31, 2024 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $2,930,919K ÷ ($788,088K – $827,363K)
= —

The working capital turnover ratio of Crescent Energy Co has shown fluctuations over the periods provided. From the data, it is noted that the working capital turnover was not calculable (indicated by "—") for most of the time, except for the period ending September 30, 2023, where the ratio was 107.98. This high value indicates that the company effectively utilized its working capital to generate revenue during that period.

However, looking at June 30, 2024, the working capital turnover ratio dropped significantly to 4.20, suggesting a lower efficiency in utilizing the working capital to support its operations and generate sales.

Based on this data, it is evident that Crescent Energy Co has experienced fluctuations in its working capital turnover ratio, indicating varying levels of efficiency in managing its working capital to support its revenue generation activities. Further analysis of the company's financial performance and operational activities would be necessary to gain a deeper understanding of the reasons behind these fluctuations.