Permian Resources Corporation (PR)

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	3,057,913	2,469,675	2,605,710	2,421,325	1,991,938	1,668,516	1,195,238	912,722	831,791	599,221	499,783	546,233	590,570	724,432	810,256	855,473	885,921	861,059	864,502	861,091
Receivables	US$ in thousands	472,832	337,164	296,067	286,563	265,847	225,997	141,598	131,837	71,295	99,851	89,586	70,571	54,557	51,352	64,095	62,892	101,912	141,312	121,546	114,119
Receivables turnover		6.47	7.32	8.80	8.45	7.49	7.38	8.44	6.92	11.67	6.00	5.58	7.74	10.82	14.11	12.64	13.60	8.69	6.09	7.11	7.55

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,057,913K ÷ $472,832K
= 6.47

Permian Resources Corp's receivables turnover has fluctuated over the past eight quarters, ranging from a low of 6.49 in Q4 2023 to a high of 10.06 in Q2 2022. Generally, the company's receivables turnover has been above 7, indicating that on average, the company is collecting its accounts receivable approximately 7 times per year.

The highest receivables turnover ratio was observed in Q2 2022 at 10.06, suggesting that Permian Resources Corp was efficient in converting its accounts receivable into cash during that period. On the other hand, the lowest turnover ratio was seen in Q4 2023 at 6.49, indicating a potential slowdown in the collection of receivables during that quarter.

Overall, an increasing trend in receivables turnover ratios over time may indicate that the company's credit policies are becoming more stringent, resulting in faster collection of outstanding receivables. Conversely, a decreasing trend could suggest potential issues with customer creditworthiness or collection processes that may need to be addressed. It is important for Permian Resources Corp to consistently monitor its receivables turnover ratios to ensure efficient management of its accounts receivable and cash flow.