Expand Energy Corporation (EXE)
Payables turnover
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 206,000 | 196,000 | 160,000 | 148,000 | 160,000 | 171,000 | 173,000 | 164,000 | 141,000 | 131,000 | 131,000 | 120,000 | 161,000 | 211,000 | 316,000 | 8,894,000 | 8,912,000 | 8,909,000 | 8,863,000 | 374,000 |
| Payables | US$ in thousands | 264,000 | 274,000 | 317,000 | 425,000 | 540,000 | 642,000 | 631,000 | 603,000 | 539,000 | 414,000 | 374,000 | 308,000 | 257,000 | 281,000 | 346,000 | 346,000 | 316,000 | 39,000 | 552,000 | 498,000 |
| Payables turnover | 0.78 | 0.72 | 0.50 | 0.35 | 0.30 | 0.27 | 0.27 | 0.27 | 0.26 | 0.32 | 0.35 | 0.39 | 0.63 | 0.75 | 0.91 | 25.71 | 28.20 | 228.44 | 16.06 | 0.75 |
September 30, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $206,000K ÷ $264,000K
= 0.78
The payables turnover ratio for Expand Energy Corporation has varied significantly over the past several reporting periods. The ratio indicates how efficiently the company is managing its accounts payable by measuring the number of times it pays off its suppliers within a specific period.
The trend in the payables turnover ratio shows fluctuations over time, with the ratio ranging from 0.26 to 228.44. A lower payables turnover ratio suggests that the company is taking longer to pay off its suppliers, which may indicate liquidity issues or bargaining power in negotiations with suppliers.
The significant spike in the payables turnover ratio to 228.44 in December 2020 may indicate a specific event, such as delayed payments or changes in payment terms with suppliers. This sudden increase should be further investigated to understand the underlying reasons for such a sharp change in the ratio.
Overall, a consistent and stable payables turnover ratio is desirable, as it indicates a healthy relationship with suppliers and effective cash flow management. The company should monitor and analyze this ratio regularly to identify any trends or anomalies that may impact its financial health and supplier relationships.
Peer comparison
Sep 30, 2024