Range Resources Corp (RRC)

Payables 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
Cost of revenue (ttm) US$ in thousands 543,506 654,345 722,086 748,975 758,857 713,449 699,404 598,073 572,721 517,802 964,489 961,282 997,540 3,254,481 2,777,112 2,851,566 2,885,699 2,855,209 2,876,669 3,180,575
Payables US$ in thousands 110,134 132,230 139,352 179,468 206,738 220,818 229,120 234,253 178,413 151,919 144,454 160,323 132,421 84,554 97,494 163,277 155,341 163,327 193,190 215,073
Payables turnover 4.93 4.95 5.18 4.17 3.67 3.23 3.05 2.55 3.21 3.41 6.68 6.00 7.53 38.49 28.48 17.46 18.58 17.48 14.89 14.79

December 31, 2023 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $543,506K ÷ $110,134K
= 4.93

Range Resources Corp's payables turnover ratio has consistently been reported as 0.00 for the past eight quarters. This indicates that the company is not effectively managing its accounts payable, as there is little to no turnover of payables during these periods. A low or zero payables turnover ratio may suggest that the company is not paying its suppliers in a timely manner or is not utilizing its trade credit effectively. It could also indicate potential liquidity issues or inefficiencies in the company's working capital management. Further analysis and investigation of the company's payables management practices and financial health are recommended to better understand the reasons behind the consistently low payables turnover ratio.


Peer comparison

Dec 31, 2023