EQT Corporation (EQT)

Receivables turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	5,273,310	6,908,920	7,497,690	3,064,660	3,058,840
Receivables	US$ in thousands	1,229,990	915,109	1,608,090	1,438,030	566,552
Receivables turnover		4.29	7.55	4.66	2.13	5.40

December 31, 2024 calculation

Receivables turnover = Revenue ÷ Receivables
= $5,273,310K ÷ $1,229,990K
= 4.29

The receivables turnover ratio for EQT Corporation has fluctuated over the past few years. In December 2020, the company had a receivables turnover of 5.40, indicating that it was able to collect its accounts receivable approximately 5.40 times during the year. However, by December 2021, this ratio dropped significantly to 2.13, suggesting a slowdown in the company's collection of receivables.

The trend reversed in December 2022, with the receivables turnover increasing to 4.66, indicating an improvement in the company's ability to collect outstanding payments from customers. This positive trend continued into December 2023, with a notable increase in the ratio to 7.55, reflecting a more efficient management of accounts receivable.

However, by December 2024, the receivables turnover ratio decreased to 4.29, signaling a slight decline in the company's ability to collect receivables compared to the previous year. Overall, EQT Corporation's receivables turnover ratio has shown variability over the years, with both improvements and brief downturns. It is important for investors and analysts to monitor this ratio closely to assess the company's effectiveness in collecting outstanding receivables.