Magnolia Oil & Gas Corp (MGY)

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 1,315,886 1,311,905 1,294,448 1,238,014 1,226,979 1,253,393 1,420,678 1,625,036 1,694,493 1,677,604 1,479,683 1,247,084 1,078,352 902,231 738,256 569,045 541,303 620,995 744,727 904,846
Receivables US$ in thousands 147,901 136,207 175,426 196,004 189,705 186,763 137,379 151,571 170,770 207,718 247,402 179,652 149,769 130,100 119,241 107,229 81,559 61,243 60,525 77,744
Receivables turnover 8.90 9.63 7.38 6.32 6.47 6.71 10.34 10.72 9.92 8.08 5.98 6.94 7.20 6.93 6.19 5.31 6.64 10.14 12.30 11.64

December 31, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,315,886K ÷ $147,901K
= 8.90

The receivables turnover ratio for Magnolia Oil & Gas Corp demonstrates the company's efficiency in collecting outstanding receivables from customers over various reporting periods.

The trend in the receivables turnover ratio from March 31, 2020, to December 31, 2024, shows fluctuations in the efficiency of the company's receivables management. The ratio increased from 11.64 on March 31, 2020, to a peak of 10.72 on March 31, 2023, before declining to 8.90 on December 31, 2024.

A high receivables turnover ratio indicates that Magnolia Oil & Gas Corp is collecting its accounts receivable quickly, which is favorable as it signifies strong cash flow and efficient credit policies. Conversely, a low receivables turnover ratio could imply that the company is facing challenges in collecting receivables, which may lead to cash flow issues or potential bad debts.

Overall, the company's receivables turnover ratio has shown fluctuations over the reporting periods, indicating varying degrees of efficiency in managing its receivables. Further analysis would be required to understand the reasons behind these fluctuations and whether they align with industry norms or specific company circumstances.