Coterra Energy Inc (CTRA)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,458,000 | 5,914,000 | 9,051,000 | 3,449,000 | 1,466,000 |
| Receivables | US$ in thousands | 1,104,000 | 1,012,000 | 1,418,000 | 1,120,000 | 220,895 |
| Receivables turnover | 4.94 | 5.84 | 6.38 | 3.08 | 6.64 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $5,458,000K ÷ $1,104,000K
= 4.94
The receivables turnover ratio of Coterra Energy Inc has fluctuated over the past five years. In 2020, the ratio was 6.64, indicating that on average, the company collected its accounts receivables approximately 6.64 times during the year. This suggests a relatively efficient collection process.
However, in 2021, the ratio decreased significantly to 3.08, which may indicate issues with collecting receivables or changes in the company's credit policies. This drop could potentially lead to cash flow challenges if not addressed timely.
Subsequently, the ratio improved in 2022 to 6.38 and remained relatively stable in 2023 at 5.84, suggesting a better management of accounts receivables during these years.
By 2024, the receivables turnover ratio decreased to 4.94, indicating that the company took longer to collect its accounts receivables compared to the previous years. This may raise concerns about the company's liquidity and ability to collect outstanding debts promptly.
Overall, Coterra Energy Inc should continue to monitor and manage its receivables turnover ratio effectively to ensure timely collection of outstanding amounts and maintain healthy cash flow levels.
Peer comparison
Dec 31, 2024