Coterra Energy Inc (CTRA)
Working capital 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 |
| Total current assets | US$ in thousands | 3,321,000 | 2,015,000 | 2,211,000 | 2,136,000 | 416,000 |
| Total current liabilities | US$ in thousands | 1,136,000 | 1,660,000 | 1,193,000 | 1,220,000 | 390,000 |
| Working capital turnover | 2.50 | 16.66 | 8.89 | 3.77 | 56.38 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $5,458,000K ÷ ($3,321,000K – $1,136,000K)
= 2.50
Coterra Energy Inc's working capital turnover has experienced fluctuations over the past five years. As of December 31, 2020, the working capital turnover stood at 56.38, indicating that the company generated $56.38 in revenue for every dollar of working capital invested. However, this ratio declined significantly to 3.77 by December 31, 2021, suggesting a sharp decrease in efficiency in utilizing working capital to generate revenue.
Subsequently, by December 31, 2022, the working capital turnover improved to 8.89, indicating some recovery in the company's ability to generate revenue from its working capital. The ratio further increased to 16.66 by December 31, 2023, reflecting a more efficient utilization of working capital to drive revenue growth.
However, there was a decrease in the working capital turnover to 2.50 as of December 31, 2024, which indicates a potential concern regarding the company's efficiency in converting working capital into revenue at that point in time. Overall, the trend in working capital turnover for Coterra Energy Inc shows volatility over the five-year period, with periods of both improvement and deterioration in efficiency.
Peer comparison
Dec 31, 2024