Expand Energy Corporation (EXE)
Working capital 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 |
| Total current assets | US$ in thousands | 2,609,000 | 2,698,000 | 2,103,000 | 1,108,000 | 1,251,000 |
| Total current liabilities | US$ in thousands | 1,314,000 | 2,704,000 | 2,447,000 | 3,094,000 | 2,392,000 |
| Working capital turnover | 6.73 | — | — | — | — |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $8,721,000K ÷ ($2,609,000K – $1,314,000K)
= 6.73
The working capital turnover ratio for Expand Energy Corporation for the year ending December 31, 2023, is 6.73. This indicates that the company generated $6.73 in revenue for every $1 of working capital during the period. A higher ratio generally suggests that the company efficiently utilizes its working capital to generate revenue. However, since data for previous years is not provided, we cannot track the trend of this ratio over time to assess the company's efficiency in managing its working capital effectively. It would be beneficial to analyze trends over multiple years to gain a more comprehensive understanding of the company's working capital management performance.
Peer comparison
Dec 31, 2023