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.


See also:

EQT Corporation Working Capital Turnover (Quarterly Data)