Liberty Oilfield Services Inc (LBRT)
Receivables 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 | 4,315,154 | 4,446,540 | 4,523,860 | 4,558,970 | 4,747,930 | 4,898,560 | 4,870,910 | 4,618,539 | 4,149,229 | 3,607,374 | 3,072,851 | 2,711,520 | 2,470,782 | 2,044,633 | 1,538,401 | 1,045,475 | 965,787 | 1,106,172 | 1,473,756 | 1,927,541 |
| Receivables | US$ in thousands | 185,210 | 183,047 | 227,719 | 219,389 | 188,940 | 208,112 | 201,907 | 732,671 | 586,012 | 691,165 | 564,039 | 514,613 | 407,454 | 434,498 | 455,249 | 340,881 | 338,657 | 144,405 | 68,519 | 335,625 |
| Receivables turnover | 23.30 | 24.29 | 19.87 | 20.78 | 25.13 | 23.54 | 24.12 | 6.30 | 7.08 | 5.22 | 5.45 | 5.27 | 6.06 | 4.71 | 3.38 | 3.07 | 2.85 | 7.66 | 21.51 | 5.74 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $4,315,154K ÷ $185,210K
= 23.30
The receivables turnover ratio for Liberty Oilfield Services Inc has shown significant variability over the reporting periods provided. The ratio ranged from a low of 2.85 for December 31, 2020, to a high of 25.13 for December 31, 2023. A higher receivables turnover ratio indicates that the company is efficient in collecting its accounts receivable.
The ratio peaked in December 31, 2023, at 25.13, suggesting that the company was able to convert its accounts receivable into cash multiple times during that period. This could indicate effective credit and collection policies, prompt invoicing, or a strong customer base that pays quickly.
On the other hand, the ratio dipped to 2.85 on December 31, 2020, which may raise concerns about the company's credit policies, potential issues with collecting receivables, or changes in customer payment behavior.
Overall, the trend in the receivables turnover ratio for Liberty Oilfield Services Inc has been fluctuating, indicating the need for further analysis to understand the underlying reasons for the variations and to assess the effectiveness of the company's credit and collection procedures.
Peer comparison
Dec 31, 2024