EQT Corporation (EQT)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 6,908,920 | 7,497,690 | 3,064,660 | 3,058,840 | 4,416,480 |
| Receivables | US$ in thousands | 915,109 | 1,608,090 | 1,438,030 | 566,552 | 908,942 |
| Receivables turnover | 7.55 | 4.66 | 2.13 | 5.40 | 4.86 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $6,908,920K ÷ $915,109K
= 7.55
The receivables turnover ratio for EQT Corp has shown fluctuations over the past five years. In 2023, the receivables turnover ratio improved significantly to 7.55 times, indicating that the company collected its accounts receivable approximately 7.55 times during the year. This suggests that EQT Corp has been more efficient in collecting payments from its customers compared to previous years.
In 2022, the receivables turnover ratio was 4.66 times, representing a moderate level of collections efficiency. However, in 2021, the ratio dropped significantly to 2.13 times, signaling a potential issue with managing accounts receivable effectively during that period.
The year 2020 saw an increase in the receivables turnover ratio to 5.40 times, indicating an improvement in collections efficiency compared to 2021. Similarly, in 2019, the ratio was 4.86 times, suggesting a relatively stable performance in collecting accounts receivable.
Overall, the trend in EQT Corp's receivables turnover ratio shows some variability, but the recent improvement in 2023 is a positive sign of enhanced collections efficiency, potentially resulting in better cash flow management for the company.
Peer comparison
Dec 31, 2023