Range Resources Corp (RRC)

Receivables turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Revenue (ttm)	US$ in thousands	2,417,084	2,731,802	2,726,493	2,833,427	3,374,418	4,063,441	4,564,257	5,152,420	4,146,796	4,083,246	3,275,345	2,484,927	2,930,223	1,962,279	1,958,985	1,900,809	1,968,697	1,975,415	2,298,515	2,773,398
Receivables	US$ in thousands	302,212	181,143	205,756	167,215	274,669	217,335	187,762	256,030	481,050	634,333	608,575	413,026	471,775	366,695	299,590	286,491	252,642	182,698	169,151	188,162
Receivables turnover		8.00	15.08	13.25	16.94	12.29	18.70	24.31	20.12	8.62	6.44	5.38	6.02	6.21	5.35	6.54	6.63	7.79	10.81	13.59	14.74

December 31, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,417,084K ÷ $302,212K
= 8.00

The receivables turnover for Range Resources Corp has fluctuated over the periods analyzed. It decreased from 14.74 on March 31, 2020, to 5.35 on September 30, 2021, indicating a lengthening time for the company to collect its accounts receivable. However, there was a slight improvement in the turnover ratio by December 31, 2021, where it reached 6.21.

Subsequently, there were further fluctuations in the ratio, with a significant increase to 24.31 by June 30, 2023, which may suggest an improvement in the efficiency of collecting receivables. However, this high turnover was followed by a decrease in the ratio to 8.00 by December 31, 2024.

Overall, the trend in Range Resources Corp's receivables turnover shows variability, reflecting changes in the company's ability to efficiently convert its accounts receivable into cash. It would be important to further investigate the reasons behind these fluctuations to assess the effectiveness of the company's credit and collection policies.