CVR Energy Inc (CVI)
Receivables turnover
| Dec 31, 2024 | Sep 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 7,845,000 | 8,420,000 | 8,823,000 | 9,246,000 | 9,724,000 | 9,901,000 | 10,809,000 | 10,896,000 | 10,329,000 | 9,513,000 | 8,152,000 | 7,242,000 | 6,248,000 | 5,370,000 | 4,262,000 | 3,929,000 | 4,379,000 | 4,996,000 | 6,008,000 | 6,364,000 |
| Receivables | US$ in thousands | 306,000 | 281,000 | 253,000 | 286,000 | 316,000 | 300,000 | 330,000 | 380,000 | 320,000 | 418,000 | 353,000 | 325,000 | 240,000 | 234,000 | 226,000 | 222,000 | 133,000 | 148,000 | 152,000 | 182,000 |
| Receivables turnover | 25.64 | 29.96 | 34.87 | 32.33 | 30.77 | 33.00 | 32.75 | 28.67 | 32.28 | 22.76 | 23.09 | 22.28 | 26.03 | 22.95 | 18.86 | 17.70 | 32.92 | 33.76 | 39.53 | 34.97 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $7,845,000K ÷ $306,000K
= 25.64
The receivables turnover ratio for CVR Energy Inc has fluctuated over the given period. In general, a higher receivables turnover ratio indicates that the company is collecting its accounts receivable more efficiently.
From December 31, 2019, to December 31, 2020, the receivables turnover ratio decreased significantly from 34.97 to 17.70, which suggests a potential deterioration in the company's ability to collect its receivables promptly.
However, there was a slight improvement in the receivables turnover ratio from March 31, 2021, to June 30, 2022, where the ratio ranged from 18.86 to 22.95. This indicates a moderate recovery in the company's receivables collection efficiency during this period.
Subsequently, there was a notable increase in the receivables turnover ratio from September 30, 2022, to March 31, 2024, where the ratio ranged from 26.03 to 34.87. This suggests a marked improvement in the company's ability to collect its receivables efficiently during this phase.
However, from September 30, 2024, to December 31, 2024, there was a slight decline in the receivables turnover ratio from 29.96 to 25.64. This decreasing trend towards the end of the period may indicate that the company's efficiency in collecting receivables was affected adversely.
Overall, while CVR Energy Inc experienced fluctuations in its receivables turnover ratio over the analyzed period, the company showed signs of improvement in collecting its accounts receivable efficiently, with some variability towards the end.
Peer comparison
Dec 31, 2024