Range Resources Corp (RRC)
Working capital 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 |
| Total current assets | US$ in thousands | 721,461 | 870,124 | 539,587 | 736,665 | 289,840 |
| Total current liabilities | US$ in thousands | 1,274,070 | 583,086 | 1,020,660 | 1,152,460 | 706,841 |
| Working capital turnover | — | 11.76 | — | — | — |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $2,417,080K ÷ ($721,461K – $1,274,070K)
= —
Range Resources Corp's working capital turnover ratio provides insights into how efficiently the company is utilizing its working capital to generate sales revenue. Looking at the provided data, the working capital turnover ratio for Range Resources Corp is as follows:
- December 31, 2020: Not available
- December 31, 2021: Not available
- December 31, 2022: Not available
- December 31, 2023: 11.76
- December 31, 2024: Not available
The available data for December 31, 2023, indicates a working capital turnover ratio of 11.76, which suggests that for that particular year, Range Resources Corp generated $11.76 in revenue for every $1 of working capital employed.
However, since data is not available for other years, it limits the ability to track the trend of the working capital turnover over time. Therefore, it is advisable to monitor this ratio over multiple periods to assess the company's ability to efficiently convert working capital into sales revenue consistently.
Overall, the working capital turnover ratio for Range Resources Corp in 2023 indicates a strong efficiency in utilizing its working capital. Tracking this ratio over time can provide valuable insights into the company's operational efficiency and financial performance.
Peer comparison
Dec 31, 2024