Expand Energy Corporation (EXE)

Working capital turnover

		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
Revenue (ttm)	US$ in thousands	4,232,000	4,042,000	4,908,000	5,813,000	7,775,000	9,102,000	11,783,000	14,377,000	14,123,000	13,772,000	11,213,000	8,631,000	7,317,000	5,739,000	5,240,000	4,503,000	4,670,000	5,515,000	6,300,000	7,717,000
Total current assets	US$ in thousands	1,997,000	1,797,000	2,013,000	2,378,000	2,609,000	2,515,000	2,220,000	2,629,000	2,698,000	2,059,000	2,010,000	1,487,000	2,103,000	1,734,000	1,354,000	1,190,000	1,108,000	1,072,000	690,000	1,818,000
Total current liabilities	US$ in thousands	3,123,000	899,000	931,000	1,020,000	1,314,000	1,614,000	1,651,000	1,898,000	2,704,000	4,238,000	4,241,000	4,392,000	2,447,000	2,510,000	1,866,000	1,443,000	3,094,000	3,105,000	2,389,000	2,260,000
Working capital turnover		—	4.50	4.54	4.28	6.00	10.10	20.71	19.67	—	—	—	—	—	—	—	—	—	—	—	—

December 31, 2024 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $4,232,000K ÷ ($1,997,000K – $3,123,000K)
= —

Working capital turnover measures how efficiently a company utilizes its working capital to generate sales revenue. A higher turnover ratio indicates better efficiency in managing working capital.

Looking at the data provided for Expand Energy Corporation, the working capital turnover ratio remained unavailable (denoted by "—") from March 31, 2020 to December 31, 2021. Starting from March 31, 2023, the ratio was 19.67, showing a substantial increase in efficiency in utilizing working capital to generate sales.

The ratio further improved to 20.71 on June 30, 2023, suggesting even better efficiency in the utilization of working capital. However, there was a notable decline to 10.10 on September 30, 2023, and a further drop to 6.00 on December 31, 2023, indicating a temporary decrease in efficiency.

By March 31, 2024, the working capital turnover ratio stood at 4.28, showing a significant decrease from the previous period. This decline continued with ratios of 4.54 on June 30, 2024, and 4.50 on September 30, 2024. The consistent decrease may imply challenges in efficiently managing working capital to support revenue generation.

Overall, fluctuations in the working capital turnover ratio for Expand Energy Corporation indicate varying levels of efficiency in utilizing working capital to support sales activities over the periods analyzed. Further analysis and review of operational and financial strategies may be required to address fluctuations and optimize working capital management.