Expand Energy Corporation (EXE)

Activity ratios

Short-term

Turnover ratios

	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
Inventory turnover	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Receivables turnover	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Payables turnover	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Working capital turnover	—	4.50	4.54	4.28	6.00	10.10	20.71	19.67	—	—	—	—	—	—	—	—	—	—	—	—

Expand Energy Corporation's activity ratios provide insight into how efficiently the company manages its assets and liabilities.

1. Inventory Turnover: The inventory turnover ratio is not available for the period mentioned, indicating insufficient data to evaluate how quickly the company is selling its inventory.

2. Receivables Turnover: Similar to the inventory turnover, no data is available for the receivables turnover ratio. This ratio helps in understanding how efficiently the company collects payments from its customers.

3. Payables Turnover: Data for the payables turnover ratio is missing, which would have helped in assessing how quickly the company pays off its trade payables.

4. Working Capital Turnover: The working capital turnover ratio shows how effectively the company generates sales revenue relative to its working capital. In recent periods, there has been a decline in the working capital turnover ratio, indicating a decrease in sales generated relative to the working capital. This may suggest inefficiencies in utilizing the company's working capital to generate revenue.

Overall, the lack of available data for key activity ratios like inventory turnover, receivables turnover, and payables turnover limits a comprehensive analysis of Expand Energy Corporation's operational efficiency. It is essential for the company to provide more detailed financial information to allow for a more thorough evaluation of its performance in managing its assets and liabilities.

Average number of days

		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
Days of inventory on hand (DOH)	days	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Days of sales outstanding (DSO)	days	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Number of days of payables	days	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

Based on the provided data, Expand Energy Corporation's activity ratios related to inventory management (Days of Inventory on Hand), accounts receivable management (Days of Sales Outstanding), and accounts payable management (Number of Days of Payables) are not available for analysis. This lack of information on activity ratios hinders a comprehensive assessment of the company's operational efficiency in managing its inventory, accounts receivable, and accounts payable.

It is essential to have data on these activity ratios to gauge the effectiveness of Expand Energy Corporation's working capital management and to assess the company's ability to convert its resources into sales and cash efficiently. Without this information, it becomes challenging to evaluate how quickly the company is selling its inventory, collecting payments from customers, and managing its payment obligations to suppliers.

Having access to these activity ratios would provide insights into Expand Energy Corporation's liquidity, efficiency, and overall financial health by highlighting potential strengths and weaknesses in its working capital management practices. Therefore, it is recommended that the company discloses these activity ratios in its financial reports to enable a more thorough analysis of its operational performance.

Long-term

	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
Fixed asset turnover	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total asset turnover	0.15	0.30	0.36	0.41	0.54	0.64	0.82	0.99	0.90	0.98	0.81	0.65	0.66	0.78	0.75	0.65	0.71	0.80	0.96	0.99

Expand Energy Corporation's long-term activity ratios provide insights into how efficiently the company is utilizing its assets to generate sales.

1. Fixed Asset Turnover: Unfortunately, the data on fixed asset turnover is missing for all the periods provided. This ratio is typically used to assess how effectively the company is using its fixed assets to generate revenue. The absence of this data makes it impossible to evaluate the efficiency of Expand Energy Corporation's fixed asset utilization over time.

2. Total Asset Turnover: The total asset turnover ratio for Expand Energy Corporation shows a declining trend from March 31, 2020, to December 31, 2024. The ratio decreased from 0.99 in March 2020 to 0.15 in December 2024. This indicates that the company's ability to generate sales from its total assets has been decreasing over time. A lower total asset turnover may suggest inefficiencies in asset utilization or declining sales relative to the size of the asset base.

In summary, while the fixed asset turnover data is missing, the trend in total asset turnover for Expand Energy Corporation shows a concerning decline, indicating potential inefficiencies in asset utilization or a decrease in sales relative to the total asset base. Further analysis and investigation into the reasons behind this trend may be necessary to address any underlying issues and improve the company's operational efficiency.