Expand Energy Corporation (EXE)

Activity ratios

Short-term

Turnover ratios

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Inventory turnover	—	—	—	—	—
Receivables turnover	—	—	—	—	—
Payables turnover	—	—	—	—	—
Working capital turnover	—	6.00	—	—	—

Based on the data provided for Expand Energy Corporation, we can analyze the activity ratios as follows:

1. Inventory Turnover Ratio:
- There is no specific data available for the inventory turnover ratio for any of the years from 2020 to 2024. Without this information, it is challenging to assess how efficiently the company is managing its inventory.

2. Receivables Turnover Ratio:
- Similar to the inventory turnover ratio, there is no data provided for the receivables turnover ratio for the years 2020 to 2024. This ratio helps in understanding how quickly the company collects payments from its customers.

3. Payables Turnover Ratio:
- The payables turnover ratio data is not available for the years from 2020 to 2024. This ratio indicates how efficiently a company pays its suppliers and other creditors.

4. Working Capital Turnover Ratio:
- The working capital turnover ratio for Expand Energy Corporation is provided only for December 31, 2023, with a value of 6.00. This suggests that for that specific year, the company generated $6 in revenue for every dollar of working capital. However, data for the remaining years is not available for comparison.

Overall, the lack of specific data for inventory turnover, receivables turnover, and payables turnover ratios limits the ability to fully evaluate Expand Energy Corporation's efficiency in managing its inventory, collecting payments from customers, and paying its suppliers. The available working capital turnover ratio indicates some level of efficiency in generating revenue from working capital in 2023, but additional data would be needed to draw comprehensive conclusions about the company's overall activity performance over the years.

Average number of days

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Days of inventory on hand (DOH)	days	—	—	—	—	—
Days of sales outstanding (DSO)	days	—	—	—	—	—
Number of days of payables	days	—	—	—	—	—

The activity ratios for Expand Energy Corporation based on the provided data are as follows:

1. Days of Inventory on Hand (DOH):
- For December 31, 2020: Not available.
- For December 31, 2021: Not available.
- For December 31, 2022: Not available.
- For December 31, 2023: Not available.
- For December 31, 2024: Not available.

2. Days of Sales Outstanding (DSO):
- For December 31, 2020: Not available.
- For December 31, 2021: Not available.
- For December 31, 2022: Not available.
- For December 31, 2023: Not available.
- For December 31, 2024: Not available.

3. Number of Days of Payables:
- For December 31, 2020: Not available.
- For December 31, 2021: Not available.
- For December 31, 2022: Not available.
- For December 31, 2023: Not available.
- For December 31, 2024: Not available.

Based on the provided data, there is a lack of information on the activity ratios (Days of Inventory on Hand, Days of Sales Outstanding, and Number of Days of Payables) for Expand Energy Corporation across the specified years. Without specific values for these ratios, it is not possible to assess the efficiency of the company's inventory management, sales collection process, and payment terms to suppliers. Further data clarification would be needed to perform a detailed analysis and measure the effectiveness of Expand Energy Corporation's working capital management.

Long-term

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Fixed asset turnover	—	—	—	—	—
Total asset turnover	0.15	0.54	0.74	0.66	0.79

Expand Energy Corporation's fixed asset turnover ratio was not available for analysis as the data was not provided for the years 2020 to 2024. However, looking at the total asset turnover ratio, it decreased over the five-year period. In 2020, the total asset turnover ratio was 0.79, indicating that the company generated $0.79 in sales for every $1 of assets. This ratio decreased to 0.15 by the end of 2024, suggesting a decline in the company's efficiency in generating sales from its total assets.

A decreasing total asset turnover ratio may indicate that Expand Energy Corporation's efficiency in utilizing its assets to generate revenue has declined over the years. It could be a sign of inefficient asset management, underutilization of resources, or declining sales relative to the size of its asset base. Further analysis and comparison with industry benchmarks would provide more insights into the company's operational performance and asset utilization efficiency.