Crescent Energy Co (CRGY)
Cash conversion cycle
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | 32.06 | 33.51 | — | 0.80 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — |
| Cash conversion cycle | days | 0.00 | 32.06 | 33.51 | 0.00 | 0.80 |
December 31, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= — + — – —
= 0.00
Crescent Energy Co's cash conversion cycle fluctuated over the past five years. In 2020, the company had a cash conversion cycle of 0.80 days, indicating that it took less than a day to convert its resources into cash. However, in 2021 and 2024, the company managed to achieve a cash conversion cycle of 0.00 days, implying an efficient cash conversion process.
Conversely, in 2022 and 2023, Crescent Energy Co experienced a significant increase in its cash conversion cycle, with figures of 33.51 days and 32.06 days respectively. This suggests delays in converting its investments into cash, which can impact the company's liquidity and operational efficiency.
Overall, Crescent Energy Co should focus on managing its working capital effectively to optimize its cash conversion cycle and ensure a steady flow of cash within the business operations.
Peer comparison
Dec 31, 2024