Range Resources Corp (RRC)

Receivables turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	2,417,080	3,374,870	4,146,800	2,930,220	1,968,700
Receivables	US$ in thousands	302,212	274,669	481,050	471,775	252,642
Receivables turnover		8.00	12.29	8.62	6.21	7.79

December 31, 2024 calculation

Receivables turnover = Revenue ÷ Receivables
= $2,417,080K ÷ $302,212K
= 8.00

Range Resources Corp's receivables turnover has shown some fluctuations over the five-year period from 2020 to 2024. In 2020, the receivables turnover was 7.79, indicating that the company collected its accounts receivable approximately 7.79 times during the year. However, in 2021, this ratio decreased to 6.21, implying that it took longer for the company to collect its receivables compared to the previous year.

The receivables turnover rebounded in 2022 to 8.62, which suggests an improvement in the company's ability to efficiently collect outstanding receivables. By 2023, the turnover ratio increased significantly to 12.29, signaling that Range Resources Corp was able to collect its receivables more than 12 times during the year, reflecting better liquidity and cash flow management.

However, in 2024, the receivables turnover dropped back to 8.00, albeit still higher than the 2021 level. This fluctuation may indicate changes in the company's customer base, credit policies, or industry dynamics that impacted the efficiency of receivables collection.

Overall, the trend in Range Resources Corp's receivables turnover suggests some variability in the company's ability to manage its accounts receivable efficiently. It is essential for the company to monitor and analyze these fluctuations to ensure optimal cash flow and liquidity management.