Coterra Energy Inc (CTRA)
Receivables 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 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 5,458,000 | 5,659,000 | 5,656,000 | 5,570,000 | 5,914,000 | 6,598,000 | 7,762,000 | 9,149,000 | 9,051,000 | 8,996,000 | 6,916,000 | 4,668,000 | 3,449,000 | 1,680,778 | 1,531,819 | 1,540,167 | 1,466,624 | 1,471,214 | 1,609,284 | 1,811,053 |
| Receivables | US$ in thousands | 1,104,000 | 771,000 | 926,000 | 878,000 | 1,012,000 | 742,000 | 622,000 | 775,000 | 1,418,000 | 1,614,000 | 1,788,000 | 1,164,000 | 1,120,000 | 340,437 | 205,124 | 200,402 | 220,895 | 293,553 | 273,261 | 292,248 |
| Receivables turnover | 4.94 | 7.34 | 6.11 | 6.34 | 5.84 | 8.89 | 12.48 | 11.81 | 6.38 | 5.57 | 3.87 | 4.01 | 3.08 | 4.94 | 7.47 | 7.69 | 6.64 | 5.01 | 5.89 | 6.20 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $5,458,000K ÷ $1,104,000K
= 4.94
The receivables turnover ratio for Coterra Energy Inc has shown fluctuations over the past few years. It was relatively stable around the range of 5 to 7 times from March 2020 to December 2021, indicating that the company was able to collect its outstanding receivables multiple times within a year.
However, starting from March 2022, there was a slight decline in the receivables turnover ratio, dropping to around 4 times by June 2022. This could suggest potential issues with collecting receivables efficiently during this period.
The ratio then increased significantly in the subsequent quarters, reaching its peak at 12.48 times by June 30, 2023. This spike may indicate a more aggressive collection strategy or a reduction in the average outstanding receivables balance.
After the peak in June 2023, the receivables turnover ratio gradually decreased but remained relatively stable around the range of 5 to 7 times from September 2023 to December 2024. This stability suggests that the company was able to maintain a consistent pace of collecting receivables during this period.
Overall, the trend in Coterra Energy Inc's receivables turnover ratio shows both fluctuations and stability, indicating varying levels of effectiveness in managing and collecting its accounts receivable over the analyzed period.
Peer comparison
Dec 31, 2024