EQT Corporation (EQT)

Receivables turnover

		Dec 31, 2024	Sep 30, 2024	Jun 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
Revenue (ttm)	US$ in thousands	5,273,312	5,691,582	5,593,882	5,660,120	6,908,920	8,345,750	9,229,110	10,737,870	10,563,420	10,923,280	10,637,870	9,188,260	7,651,563	5,064,453	3,452,530	2,901,704	3,058,841	2,817,741	3,597,190	4,380,366
Receivables	US$ in thousands	1,229,990	670,390	676,685	535,821	915,109	559,348	475,211	628,132	1,608,090	1,938,720	2,058,950	1,212,600	1,438,030	1,132,360	651,568	682,496	566,552	479,192	543,395	832,800
Receivables turnover		4.29	8.49	8.27	10.56	7.55	14.92	19.42	17.09	6.57	5.63	5.17	7.58	5.32	4.47	5.30	4.25	5.40	5.88	6.62	5.26

December 31, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $5,273,312K ÷ $1,229,990K
= 4.29

The receivables turnover ratio for EQT Corporation has shown fluctuating trends over the past few years. The ratio indicates how efficiently the company is collecting outstanding receivables from its customers during a specific period.

From March 31, 2020, to December 31, 2020, the receivables turnover ratio ranged from 5.26 to 5.40, reflecting consistent performance in collecting receivables.

In the following periods from March 31, 2021, to June 30, 2022, the ratio fluctuated between 4.25 and 7.58, showing varying efficiency in collecting receivables. This could indicate changes in the company's credit policies or the payment behaviors of its customers.

The receivables turnover ratio notably increased in the subsequent quarters from March 31, 2023, to June 30, 2024, reaching its peak at 19.42 on June 30, 2023, indicating a significant improvement in the collection of outstanding receivables. However, the ratio started to decline in the later quarters, dropping to 4.29 by December 31, 2024.

Overall, EQT Corporation's receivables turnover ratio has exhibited both positive and negative fluctuations, suggesting changes in its credit management practices and customer payment cycles. It would be essential for the company to analyze the reasons behind these fluctuations to maintain effective receivables management.