Expand Energy Corporation (EXE)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 8,721,000 | 11,743,000 | 5,549,000 | 5,240,000 | 8,532,000 |
| Receivables | US$ in thousands | 593,000 | 1,438,000 | 1,115,000 | 746,000 | 990,000 |
| Receivables turnover | 14.71 | 8.17 | 4.98 | 7.02 | 8.62 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $8,721,000K ÷ $593,000K
= 14.71
Expand Energy Corporation's receivables turnover has shown fluctuating trends over the past five years. In 2023, the receivables turnover ratio significantly increased to 14.71, indicating that the company collected its accounts receivable approximately 14.71 times during the year. This represents a notable improvement from the lower turnover ratios observed in the previous years, such as 8.17 in 2022, 4.98 in 2021, 7.02 in 2020, and 8.62 in 2019.
A higher receivables turnover ratio signifies that the company is more efficient in collecting payments from its customers, which could be a positive signal of effective credit management and cash flow optimization. However, it is essential to analyze the reasons behind the sudden increase in 2023 to determine if it is sustainable or if it may have been influenced by temporary factors.
Overall, the upward trend in Expand Energy Corporation's receivables turnover ratio suggests improving liquidity and operational efficiency in managing its accounts receivable, which could positively impact the company's financial performance and cash flow management in the future.
Peer comparison
Dec 31, 2023