Expand Energy Corporation (EXE)
Working capital 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 |
| Total current assets | US$ in thousands | 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 | 1,251,000 |
| Total current liabilities | US$ in thousands | 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 | 2,392,000 |
| Working capital turnover | 4.66 | 4.66 | 4.74 | 6.73 | 12.10 | 22.05 | 19.40 | — | — | — | — | — | — | — | — | — | — | — | — | — |
September 30, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $4,182,000K ÷ ($1,797,000K – $899,000K)
= 4.66
Expand Energy Corporation's working capital turnover ratio has shown fluctuations over the past few quarters. As of Sep 30, 2024, the working capital turnover ratio stands at 4.66, which indicates that the company generated $4.66 in revenue for every $1 of working capital invested.
Comparing this figure to previous quarters, we see that the ratio has been relatively stable around the 4.66 to 4.74 range for the past few quarters, suggesting consistent efficiency in generating revenue from working capital. However, the ratio was significantly higher in the earlier quarters of Sep 30, 2023 (12.10) and Jun 30, 2023 (22.05), indicating a substantial increase in revenue generated from working capital during that period.
Overall, while the working capital turnover ratio has shown stability in recent quarters, the significant fluctuations in the past highlight the importance of closely monitoring how efficiently Expand Energy Corporation is utilizing its working capital to generate revenue.
Peer comparison
Sep 30, 2024