EQT Corporation (EQT)

Receivables turnover

		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	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	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	4,416,476	4,650,136	4,748,610	4,389,008
Receivables	US$ in thousands	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	908,942	680,049	766,407	948,102
Receivables turnover		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	4.86	6.84	6.20	4.63

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $6,908,920K ÷ $915,109K
= 7.55

The receivables turnover ratio for EQT Corp fluctuated over the past eight quarters, ranging from a low of 2.91 in Q3 2023 to a high of 10.88 in Q1 2023. This ratio measures how efficiently the company is collecting payments from its customers. A higher ratio indicates that the company is collecting payments more quickly, while a lower ratio suggests slower collection.

In Q1 2023 and Q2 2023, the company demonstrated strong efficiency in collecting payments with ratios of 10.88 and 9.08, respectively. This signifies that EQT Corp was able to convert its accounts receivable into cash quickly during these periods.

However, there was a significant drop in efficiency in Q3 2023, with a ratio of 2.91, indicating a slower collection of payments compared to the previous quarters. This could be a cause for concern as it suggests potential issues with collecting outstanding amounts from customers.

Overall, EQT Corp should closely monitor and analyze the reasons behind the fluctuations in its receivables turnover ratio to ensure efficient management of its accounts receivable and improve cash flow.