Analysis of Short-term (Operating) Activity Ratios
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Short-term Activity Ratios (Summary)
Expand Energy Corp., short-term (operating) activity ratios
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).
| Short-term activity ratio | Description | The company |
|---|---|---|
| Receivables turnover | An activity ratio equal to revenue divided by receivables. | Expand Energy Corp. receivables turnover ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
| Payables turnover | An activity ratio calculated as cost of goods sold divided by payables. | Expand Energy Corp. payables turnover ratio decreased from 2022 to 2023 and from 2023 to 2024. |
| Short-term activity ratio | Description | The company |
|---|---|---|
| Average receivable collection period | An activity ratio equal to the number of days in the period divided by receivables turnover. | Expand Energy Corp. number of days of receivables outstanding improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
| Average payables payment period | An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. | Expand Energy Corp. number of days of payables outstanding increased from 2022 to 2023 and from 2023 to 2024. |
Receivables Turnover
Expand Energy Corp., receivables turnover calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Revenues | 4,259) | 6,047) | 14,123) | 7,301) | |
| Accounts receivable, net | 1,226) | 593) | 1,438) | 1,115) | |
| Short-term Activity Ratio | |||||
| Receivables turnover1 | 3.47 | 10.20 | 9.82 | 6.55 | |
| Benchmarks | |||||
| Receivables Turnover, Competitors2 | |||||
| Chevron Corp. | 9.35 | 9.88 | 11.52 | 8.45 | |
| ConocoPhillips | 8.27 | 10.28 | 11.09 | 7.00 | |
| Exxon Mobil Corp. | 9.62 | 11.05 | 12.14 | 10.29 | |
| Occidental Petroleum Corp. | 7.58 | 8.84 | 8.56 | 6.17 | |
| Receivables Turnover, Sector | |||||
| Oil, Gas & Consumable Fuels | 9.18 | 10.46 | 11.55 | 8.95 | |
| Receivables Turnover, Industry | |||||
| Energy | 8.69 | 9.74 | 10.83 | 8.55 | |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).
1 2024 Calculation
Receivables turnover = Revenues ÷ Accounts receivable, net
= 4,259 ÷ 1,226 = 3.47
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Receivables turnover | An activity ratio equal to revenue divided by receivables. | Expand Energy Corp. receivables turnover ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
Payables Turnover
Expand Energy Corp., payables turnover calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Revenues | 4,259) | 6,047) | 14,123) | 7,301) | |
| Accounts payable | 777) | 425) | 603) | 308) | |
| Short-term Activity Ratio | |||||
| Payables turnover1 | 5.48 | 14.23 | 23.42 | 23.70 | |
| Benchmarks | |||||
| Payables Turnover, Competitors2 | |||||
| Chevron Corp. | 8.76 | 9.64 | 12.44 | 9.46 | |
| ConocoPhillips | 9.14 | 11.04 | 12.84 | 9.16 | |
| Exxon Mobil Corp. | 9.39 | 10.71 | 12.02 | 10.39 | |
| Occidental Petroleum Corp. | 7.12 | 7.75 | 9.09 | 6.66 | |
| Payables Turnover, Sector | |||||
| Oil, Gas & Consumable Fuels | 9.00 | 10.23 | 12.15 | 9.78 | |
| Payables Turnover, Industry | |||||
| Energy | 8.87 | 9.91 | 11.78 | 9.56 | |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).
1 2024 Calculation
Payables turnover = Revenues ÷ Accounts payable
= 4,259 ÷ 777 = 5.48
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Payables turnover | An activity ratio calculated as cost of goods sold divided by payables. | Expand Energy Corp. payables turnover ratio decreased from 2022 to 2023 and from 2023 to 2024. |
Working Capital Turnover
Expand Energy Corp., working capital turnover calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Current assets | 1,997) | 2,609) | 2,698) | 2,103) | |
| Less: Current liabilities | 3,123) | 1,314) | 2,704) | 2,447) | |
| Working capital | (1,126) | 1,295) | (6) | (344) | |
| Revenues | 4,259) | 6,047) | 14,123) | 7,301) | |
| Short-term Activity Ratio | |||||
| Working capital turnover1 | — | 4.67 | — | — | |
| Benchmarks | |||||
| Working Capital Turnover, Competitors2 | |||||
| Chevron Corp. | 82.20 | 22.20 | 14.61 | 22.40 | |
| ConocoPhillips | 15.54 | 12.98 | 13.30 | 11.37 | |
| Exxon Mobil Corp. | 15.65 | 10.70 | 13.95 | 110.19 | |
| Occidental Petroleum Corp. | — | — | 32.45 | 13.76 | |
| Working Capital Turnover, Sector | |||||
| Oil, Gas & Consumable Fuels | 23.80 | 13.82 | 14.76 | 34.02 | |
| Working Capital Turnover, Industry | |||||
| Energy | 20.63 | 13.28 | 14.47 | 30.84 | |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).
1 2024 Calculation
Working capital turnover = Revenues ÷ Working capital
= 4,259 ÷ -1,126 = —
2 Click competitor name to see calculations.
Average Receivable Collection Period
Expand Energy Corp., average receivable collection period calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|
| Selected Financial Data | |||||
| Receivables turnover | 3.47 | 10.20 | 9.82 | 6.55 | |
| Short-term Activity Ratio (no. days) | |||||
| Average receivable collection period1 | 105 | 36 | 37 | 56 | |
| Benchmarks (no. days) | |||||
| Average Receivable Collection Period, Competitors2 | |||||
| Chevron Corp. | 39 | 37 | 32 | 43 | |
| ConocoPhillips | 44 | 36 | 33 | 52 | |
| Exxon Mobil Corp. | 38 | 33 | 30 | 35 | |
| Occidental Petroleum Corp. | 48 | 41 | 43 | 59 | |
| Average Receivable Collection Period, Sector | |||||
| Oil, Gas & Consumable Fuels | 40 | 35 | 32 | 41 | |
| Average Receivable Collection Period, Industry | |||||
| Energy | 42 | 37 | 34 | 43 | |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).
1 2024 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 3.47 = 105
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Average receivable collection period | An activity ratio equal to the number of days in the period divided by receivables turnover. | Expand Energy Corp. number of days of receivables outstanding improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
Average Payables Payment Period
Expand Energy Corp., average payables payment period calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|
| Selected Financial Data | |||||
| Payables turnover | 5.48 | 14.23 | 23.42 | 23.70 | |
| Short-term Activity Ratio (no. days) | |||||
| Average payables payment period1 | 67 | 26 | 16 | 15 | |
| Benchmarks (no. days) | |||||
| Average Payables Payment Period, Competitors2 | |||||
| Chevron Corp. | 42 | 38 | 29 | 39 | |
| ConocoPhillips | 40 | 33 | 28 | 40 | |
| Exxon Mobil Corp. | 39 | 34 | 30 | 35 | |
| Occidental Petroleum Corp. | 51 | 47 | 40 | 55 | |
| Average Payables Payment Period, Sector | |||||
| Oil, Gas & Consumable Fuels | 41 | 36 | 30 | 37 | |
| Average Payables Payment Period, Industry | |||||
| Energy | 41 | 37 | 31 | 38 | |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).
1 2024 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 5.48 = 67
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Average payables payment period | An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. | Expand Energy Corp. number of days of payables outstanding increased from 2022 to 2023 and from 2023 to 2024. |