Range Resources Corp (RRC)

Working capital 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
Total current assets	US$ in thousands	721,461	655,541	716,828	861,640	870,124	595,977	561,571	693,764	539,587	862,366	669,395	575,795	736,665	412,355	339,712	308,632	289,840	209,147	331,839	467,117
Total current liabilities	US$ in thousands	1,274,070	1,223,900	1,240,870	638,276	583,086	643,513	652,035	756,900	1,020,660	2,089,670	2,027,980	2,337,280	1,152,460	1,646,330	925,919	695,434	706,841	630,120	530,253	490,125
Working capital turnover		—	—	—	12.69	11.76	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

December 31, 2024 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $2,417,084K ÷ ($721,461K – $1,274,070K)
= —

Range Resources Corp's working capital turnover ratio provides insight into how efficiently the company is utilizing its working capital to generate sales. The working capital turnover for Range Resources Corp has shown an increasing trend over the periods reported, with a significant improvement from 11.76 for December 31, 2023, to 12.69 for March 31, 2024.

The increase in the working capital turnover ratio indicates that Range Resources Corp is effectively utilizing its working capital to support its operations and generate revenue. A higher turnover ratio suggests that the company is efficiently managing its working capital, which includes current assets and current liabilities.

It is essential for investors and analysts to monitor the working capital turnover ratio over time to assess the company's operational efficiency and financial health. In the case of Range Resources Corp, the improving trend in the working capital turnover ratio reflects positively on the company's ability to generate sales relative to its working capital levels.