Matador Resources Company (MTDR)

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	2,806,785	2,678,128	2,746,762	3,052,609	3,058,025	2,916,908	2,548,331	1,961,828	1,662,981	1,320,858	1,051,893	757,386	862,126	926,566	1,002,582	1,181,366	983,670	984,869	912,645	882,308
Receivables	US$ in thousands	472,954	526,914	460,751	412,912	453,818	418,056	458,369	367,644	241,416	248,354	216,033	176,814	137,133	138,079	143,514	153,789	189,413	185,194	147,179	150,675
Receivables turnover		5.93	5.08	5.96	7.39	6.74	6.98	5.56	5.34	6.89	5.32	4.87	4.28	6.29	6.71	6.99	7.68	5.19	5.32	6.20	5.86

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,806,785K ÷ $472,954K
= 5.93

The receivables turnover ratio for Matador Resources Co has shown fluctuations over the past eight quarters. The ratio peaked at 7.07 in Q3 2022 and hit a low of 4.79 in Q3 2023. Overall, the company's receivables turnover has been relatively stable, with an average ratio of approximately 5.90 over the period analyzed.

A high receivables turnover ratio indicates that the company is efficient in collecting payments from its customers, which is generally a positive sign of liquidity and effective credit policies. On the other hand, a lower ratio may suggest potential issues with collections or an inefficient credit granting process.

Given the fluctuations in the receivables turnover ratio for Matador Resources Co, it would be advisable for stakeholders to closely monitor the trend and investigate the underlying reasons for the variability to ensure the company's financial health and operational efficiency.