Range Resources Corp (RRC)

Range Resources Corp's receivables turnover has shown fluctuations over the past five years. The receivables turnover ratio measures how efficiently the company is able to collect outstanding receivables during a specific period.

The trend indicates an improvement in the collection efficiency from 2018 to 2019, where the ratio increased from 7.79 to 10.36. This could suggest that Range Resources Corp enhanced its credit policies or implemented better collection practices.

However, the ratio declined in 2020 to 7.79, indicating that the company took longer to collect outstanding receivables during that period. This could be attributed to various factors such as economic conditions, changes in customer payment behavior, or challenges in collections.

In 2021, the receivables turnover ratio further decreased to 5.85, which may signal potential issues with collections or credit management that could require attention. The ratio increased to 8.20 in 2022, indicating a slight improvement in collection efficiency.

In 2023, Range Resources Corp achieved the highest receivables turnover ratio of 11.94 in the past five years, suggesting a significant improvement in the company's ability to collect receivables efficiently. This improvement could be due to enhanced collection processes, stricter credit policies, or a more effective management of accounts receivable.

Overall, Range Resources Corp's receivables turnover ratio has fluctuated over the years, but the recent increase to 11.94 in 2023 indicates enhanced efficiency in collecting outstanding receivables, which is a positive sign for the company's financial health and cash flow management.

Peer comparison

Dec 31, 2023