Expand Energy Corporation (EXE)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,221,000 | 7,775,000 | 11,443,000 | 7,301,000 | 5,210,000 |
| Total current assets | US$ in thousands | 1,997,000 | 2,609,000 | 2,698,000 | 2,103,000 | 1,108,000 |
| Total current liabilities | US$ in thousands | 3,123,000 | 1,314,000 | 2,704,000 | 2,447,000 | 3,094,000 |
| Working capital turnover | — | 6.00 | — | — | — |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $4,221,000K ÷ ($1,997,000K – $3,123,000K)
= —
The working capital turnover ratio for Expand Energy Corporation, as per the provided data, was not determinable for the years ending December 31, 2020, 2021, and 2022. However, for the year ending December 31, 2023, the working capital turnover ratio was 6.00 times, indicating that the company generated $6 in revenue for every dollar of working capital invested during that period. The ratio then was not determinable again for the year ending December 31, 2024.
The working capital turnover ratio is a measure of operational efficiency and management of working capital resources within the company. A higher ratio is generally seen as favorable as it suggests that the company is efficiently utilizing its working capital to generate sales. However, it is important to note that a very high ratio may also indicate aggressive sales practices that could potentially strain the company's liquidity position in the long run.
Peer comparison
Dec 31, 2024