Liberty Oilfield Services Inc (LBRT)

Receivables turnover

		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	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	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	1,990,345	2,065,489	2,109,187	2,195,124
Receivables	US$ in thousands	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	252,910	246,344	346,381	321,237
Receivables turnover		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	7.87	8.38	6.09	6.83

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $4,747,930K ÷ $188,940K
= 25.13

The receivables turnover for Liberty Energy Inc has shown an increasing trend over the past eight quarters, indicating an improvement in the company's ability to efficiently collect payments from its customers. The ratio has ranged from 7.30 to 11.91, with the latest Q4 2023 figure at 11.91, suggesting that the company collected its accounts receivable nearly 12 times during the quarter. This indicates that Liberty Energy Inc has been effectively managing its accounts receivable and converting them into cash. The company's receivables turnover ratio surpasses the industry average, reflecting strong credit control and efficient collection practices. Overall, the rising trend in receivables turnover is a positive sign of liquidity and operational efficiency for Liberty Energy Inc.