Expand Energy Corporation (EXE)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 4,182,000 | 5,046,000 | 6,432,000 | 8,721,000 | 10,899,000 | 12,549,000 | 14,178,000 | 11,743,000 | 10,703,000 | 8,431,000 | 5,604,000 | 5,549,000 | 3,722,000 | 3,792,000 | 3,606,000 | 5,251,000 | 5,918,000 | 7,045,000 | 8,924,000 | 8,595,000 |
| Receivables | US$ in thousands | 261,000 | 350,000 | 314,000 | 593,000 | 685,000 | 671,000 | 864,000 | 1,438,000 | 1,757,000 | 1,804,000 | 1,383,000 | 1,115,000 | 815,000 | 674,000 | 704,000 | 746,000 | 676,000 | 513,000 | 762,000 | 990,000 |
| Receivables turnover | 16.02 | 14.42 | 20.48 | 14.71 | 15.91 | 18.70 | 16.41 | 8.17 | 6.09 | 4.67 | 4.05 | 4.98 | 4.57 | 5.63 | 5.12 | 7.04 | 8.75 | 13.73 | 11.71 | 8.68 |
September 30, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $4,182,000K ÷ $261,000K
= 16.02
Receivables turnover ratio is an important financial metric that indicates how efficiently a company is able to collect cash from its credit sales. A higher receivables turnover ratio implies that the company is collecting its outstanding receivables quickly, which is generally seen as favorable.
Analyzing Expand Energy Corporation's receivables turnover ratio over the past few quarters, we observe fluctuations in the ratio. In the most recent quarter ending September 30, 2024, the receivables turnover ratio was 16.02, which is an improvement compared to the previous quarter's ratio of 14.42. This suggests that Expand Energy Corporation was able to collect its accounts receivable more frequently during the quarter.
Looking at the trend over the past few years, there is variability in the receivables turnover ratio. The ratio reached a peak of 20.48 in March 2024, indicating a strong ability to convert receivables into cash at that time. However, in some quarters, such as December 31, 2022, and March 31, 2021, the ratio was notably lower, indicating potential challenges in collecting receivables efficiently.
Overall, it is important for Expand Energy Corporation to consistently monitor and manage its receivables turnover ratio to ensure optimal cash flow management. The company should strive to maintain a balance between extending credit to customers and collecting payments promptly to improve its overall financial efficiency.
Peer comparison
Sep 30, 2024