Devon Energy Corporation (DVN)

Receivables turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	15,940,000	15,258,000	19,169,000	12,206,000	4,828,000
Receivables	US$ in thousands	2,355,000	1,846,000	1,962,000	1,739,000	683,000
Receivables turnover		6.77	8.27	9.77	7.02	7.07

December 31, 2024 calculation

Receivables turnover = Revenue ÷ Receivables
= $15,940,000K ÷ $2,355,000K
= 6.77

Based on the data provided, Devon Energy Corporation's receivables turnover has shown some fluctuations over the years. The receivables turnover ratio measures how efficiently the company is collecting payments from its customers.

In 2020, the receivables turnover ratio was 7.07, indicating that Devon Energy was able to collect payments from its customers approximately 7 times during the year.

In 2021, the ratio slightly decreased to 7.02, suggesting a marginal decline in the efficiency of receivables collection.

However, in 2022, there was a significant improvement in the receivables turnover ratio to 9.77, which indicates that the company was more effective in collecting payments from customers during that period.

The ratio decreased in 2023 to 8.27, which may imply that the company took longer to collect payments compared to the previous year.

Finally, in 2024, the receivables turnover ratio fell further to 6.77, potentially signaling a slowdown in the collection of receivables during that year.

Overall, while there have been fluctuations in Devon Energy Corporation's receivables turnover ratio over the years, it is important for the company to manage its accounts receivable effectively to ensure a healthy cash flow and efficient operations.