EQT Corporation (EQT)

Working capital 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
Total current assets	US$ in thousands	1,714,680	1,082,290	1,229,830	2,095,780	2,012,980	1,247,240	2,425,570	3,949,550	4,014,440	3,902,470	4,085,630	3,025,930	2,286,770	3,340,900	2,168,660	1,313,700	1,215,450	1,342,150	1,541,800	1,948,040
Total current liabilities	US$ in thousands	2,461,550	2,113,950	1,685,570	2,373,630	2,036,840	2,118,940	2,182,830	2,664,420	3,732,220	6,637,900	7,189,750	7,605,290	5,186,240	7,228,350	3,679,200	1,750,030	1,762,410	1,839,520	1,560,590	1,473,230
Working capital turnover		—	—	—	—	—	—	38.02	8.36	37.43	—	—	—	—	—	—	—	—	—	—	9.23

December 31, 2024 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $5,273,312K ÷ ($1,714,680K – $2,461,550K)
= —

The working capital turnover ratio measures how efficiently EQT Corporation is utilizing its working capital to generate sales. Looking at the provided data, we can see that the working capital turnover ratio for EQT Corporation was 9.23 as of March 31, 2020. This indicates that for every dollar of working capital invested, the company generated $9.23 in sales during that period.

There is limited data available for the subsequent quarters, with no information provided for the periods after March 31, 2020 until December 31, 2022 when the ratio significantly increased to 37.43. This suggests a substantial improvement in the efficiency of EQT Corporation in utilizing its working capital to generate sales.

However, the ratio decreased to 8.36 as of March 31, 2023, indicating a decline in efficiency compared to the previous period. It then increased significantly to 38.02 as of June 30, 2023, showing a strong rebound in the efficient use of working capital to drive sales.

Due to the lack of data for the subsequent periods, it is challenging to provide a comprehensive analysis of the trend in EQT Corporation's working capital turnover ratio. It would be beneficial to monitor this ratio in the future to assess the company's ongoing efficiency in utilizing its working capital effectively.