EQT Corporation (EQT)
Working capital 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 |
| Total current assets | US$ in thousands | 2,012,980 | 4,014,440 | 2,286,770 | 1,215,450 | 1,754,860 |
| Total current liabilities | US$ in thousands | 2,036,840 | 3,732,220 | 5,186,240 | 1,762,410 | 1,345,900 |
| Working capital turnover | — | 26.57 | — | — | 10.80 |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $6,908,920K ÷ ($2,012,980K – $2,036,840K)
= —
The working capital turnover ratio for EQT Corp provides insights into the efficiency of the company in utilizing its working capital to generate revenue. The ratio indicates the number of times a company converts its working capital into revenue during a specific period.
Based on the data provided, the working capital turnover for EQT Corp was 26.57 in 2022 and 10.80 in 2019. However, data for 2021 and 2020 is not available. The significant increase in the working capital turnover from 2019 to 2022 suggests a substantial improvement in the company's ability to generate revenue relative to its working capital.
A high working capital turnover ratio indicates that EQT Corp is effectively utilizing its working capital to support its operations and generate sales. This can be a positive sign of operational efficiency and effective management of working capital resources.
Further analysis of the trend over multiple years, as well as a comparison with industry benchmarks, can provide more context on EQT Corp's performance in efficiently converting its working capital into revenue.
Peer comparison
Dec 31, 2023