Stock Analysis on Net

Expand Energy Corp. (NASDAQ:EXE)

Analysis of Short-term (Operating) Activity Ratios
Quarterly Data

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)
Receivables Turnover
Payables Turnover
Working Capital Turnover
Average Receivable Collection Period
Average Payables Payment Period

Short-term Activity Ratios (Summary)

Expand Energy Corp., short-term (operating) activity ratios (quarterly data)

		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
	Turnover Ratios
	Receivables turnover	3.47	12.61	11.71	15.42		10.20	11.54	15.94	15.56		9.82	7.74	6.21	6.23		6.55	—	—	—
	Payables turnover	0.00	0.00	0.00	0.00		0.00	0.00	0.00	0.00		0.00	0.00	0.00	0.00		0.00	—	—	—
	Working capital turnover	—	3.66	3.79	3.57		4.67	8.78	18.79	18.40		—	—	—	—		—	—	—	—
	Average No. Days
	Average receivable collection period	105	29	31	24		36	32	23	23		37	47	59	59		56	—	—	—
	Average payables payment period	—	—	—	—		—	—	—	—		—	—	—	—		—	—	—	—

Based on: 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).

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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 Q2 2024 to Q3 2024 but then deteriorated significantly from Q3 2024 to Q4 2024.
Payables turnover	An activity ratio calculated as cost of goods sold divided by payables.

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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 Q2 2024 to Q3 2024 but then deteriorated significantly from Q3 2024 to Q4 2024.

Receivables Turnover

Expand Energy Corp., receivables turnover calculation (quarterly data)

		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
	Selected Financial Data (US$ in millions)
	Revenues	2,244)	600)	514)	901)		1,276)	1,406)	1,260)	2,105)		3,136)	4,193)	4,013)	2,781)		2,606)	1,797)	1,431)	1,467)
	Accounts receivable, net	1,226)	261)	350)	314)		593)	685)	671)	864)		1,438)	1,757)	1,804)	1,383)		1,115)	815)	674)	704)
	Short-term Activity Ratio
	Receivables turnover¹	3.47	12.61	11.71	15.42		10.20	11.54	15.94	15.56		9.82	7.74	6.21	6.23		6.55	—	—	—
	Benchmarks
	Receivables Turnover, Competitors²
	Chevron Corp.	9.35	9.90	9.49	9.54		9.88	9.21	11.10	12.21		11.52	10.11	7.67	7.60		8.45	8.12	7.39	6.79
	ConocoPhillips	8.27	11.53	10.68	10.14		10.28	10.60	14.77	14.31		11.09	10.23	8.09	6.89		7.00	6.78	6.65	5.17
	Occidental Petroleum Corp.	7.58	6.92	6.96	8.26		8.84	7.98	11.07	10.85		8.56	8.98	5.31	5.34		6.17	6.39	5.94	5.41

Based on: 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).

¹ Q4 2024 Calculation
Receivables turnover = (Revenues_{Q4 2024} + Revenues_{Q3 2024} + Revenues_{Q2 2024} + Revenues_{Q1 2024}) ÷ Accounts receivable, net
= (2,244 + 600 + 514 + 901) ÷ 1,226 = 3.47

² Click competitor name to see calculations.

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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 Q2 2024 to Q3 2024 but then deteriorated significantly from Q3 2024 to Q4 2024.

Payables Turnover

Expand Energy Corp., payables turnover calculation (quarterly data)

		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
	Selected Financial Data (US$ in millions)
	Revenues	—)	—)	—)	—)		—)	—)	—)	—)		—)	—)	—)	—)		—)	—)	—)	—)
	Accounts payable	777)	264)	274)	317)		425)	540)	642)	631)		603)	539)	414)	374)		308)	257)	281)	346)
	Short-term Activity Ratio
	Payables turnover¹	0.00	0.00	0.00	0.00		0.00	0.00	0.00	0.00		0.00	0.00	0.00	0.00		0.00	—	—	—
	Benchmarks
	Payables Turnover, Competitors²
	Chevron Corp.	8.76	9.68	9.38	9.16		9.64	9.35	11.48	12.94		12.44	10.46	8.28	8.78		9.46	8.79	7.88	7.45
	ConocoPhillips	9.14	10.70	11.14	10.82		11.04	11.72	14.52	14.88		12.84	12.02	11.18	11.03		9.16	8.83	8.15	5.94
	Occidental Petroleum Corp.	7.12	6.90	6.33	7.06		7.75	7.50	8.87	10.11		9.09	9.78	6.49	6.22		6.66	5.98	5.51	4.83

Based on: 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).

¹ Q4 2024 Calculation
Payables turnover = (Revenues_{Q4 2024} + Revenues_{Q3 2024} + Revenues_{Q2 2024} + Revenues_{Q1 2024}) ÷ Accounts payable
= (0 + 0 + 0 + 0) ÷ 777 = 0.00

² Click competitor name to see calculations.

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Short-term activity ratio	Description	The company
Payables turnover	An activity ratio calculated as cost of goods sold divided by payables.

Working Capital Turnover

Expand Energy Corp., working capital turnover calculation (quarterly data)

		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
	Selected Financial Data (US$ in millions)
	Current assets	1,997)	1,797)	2,013)	2,378)		2,609)	2,515)	2,220)	2,629)		2,698)	2,059)	2,010)	1,487)		2,103)	1,734)	1,354)	1,190)
	Less: Current liabilities	3,123)	899)	931)	1,020)		1,314)	1,614)	1,651)	1,898)		2,704)	4,238)	4,241)	4,392)		2,447)	2,510)	1,866)	1,443)
	Working capital	(1,126)	898)	1,082)	1,358)		1,295)	901)	569)	731)		(6)	(2,179)	(2,231)	(2,905)		(344)	(776)	(512)	(253)

	Revenues	2,244)	600)	514)	901)		1,276)	1,406)	1,260)	2,105)		3,136)	4,193)	4,013)	2,781)		2,606)	1,797)	1,431)	1,467)
	Short-term Activity Ratio
	Working capital turnover¹	—	3.66	3.79	3.57		4.67	8.78	18.79	18.40		—	—	—	—		—	—	—	—
	Benchmarks
	Working Capital Turnover, Competitors²
	Chevron Corp.	82.20	78.58	36.88	25.72		22.20	23.91	16.54	15.89		14.61	15.53	17.08	13.09		22.40	19.37	24.04	32.46
	ConocoPhillips	15.54	17.16	16.55	15.51		12.98	8.76	16.88	16.56		13.30	11.63	9.84	9.02		11.37	3.72	3.24	3.02
	Exxon Mobil Corp.	15.65	13.95	13.37	12.07		10.70	11.56	12.16	12.91		13.95	15.33	26.98	59.06		110.19	—	—	—
	Occidental Petroleum Corp.	—	2,087.46	69.01	—		—	—	—	50.58		32.45	44.63	49.75	21.36		13.76	28.72	5.99	11.43

Based on: 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).

¹ Q4 2024 Calculation
Working capital turnover = (Revenues_{Q4 2024} + Revenues_{Q3 2024} + Revenues_{Q2 2024} + Revenues_{Q1 2024}) ÷ Working capital
= (2,244 + 600 + 514 + 901) ÷ -1,126 = —

² Click competitor name to see calculations.

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Average Receivable Collection Period

Expand Energy Corp., average receivable collection period calculation (quarterly data)

		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
	Selected Financial Data
	Receivables turnover	3.47	12.61	11.71	15.42		10.20	11.54	15.94	15.56		9.82	7.74	6.21	6.23		6.55	—	—	—
	Short-term Activity Ratio (no. days)
	Average receivable collection period¹	105	29	31	24		36	32	23	23		37	47	59	59		56	—	—	—
	Benchmarks (no. days)
	Average Receivable Collection Period, Competitors²
	Chevron Corp.	39	37	38	38		37	40	33	30		32	36	48	48		43	45	49	54
	ConocoPhillips	44	32	34	36		36	34	25	26		33	36	45	53		52	54	55	71
	Occidental Petroleum Corp.	48	53	52	44		41	46	33	34		43	41	69	68		59	57	61	67

Based on: 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).

¹ Q4 2024 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 3.47 = 105

² Click competitor name to see calculations.

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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 Q2 2024 to Q3 2024 but then deteriorated significantly from Q3 2024 to Q4 2024.

Average Payables Payment Period

Expand Energy Corp., average payables payment period calculation (quarterly data)

		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
	Selected Financial Data
	Payables turnover	0.00	0.00	0.00	0.00		0.00	0.00	0.00	0.00		0.00	0.00	0.00	0.00		0.00	—	—	—
	Short-term Activity Ratio (no. days)
	Average payables payment period¹	—	—	—	—		—	—	—	—		—	—	—	—		—	—	—	—
	Benchmarks (no. days)
	Average Payables Payment Period, Competitors²
	Chevron Corp.	42	38	39	40		38	39	32	28		29	35	44	42		39	42	46	49
	ConocoPhillips	40	34	33	34		33	31	25	25		28	30	33	33		40	41	45	61
	Occidental Petroleum Corp.	51	53	58	52		47	49	41	36		40	37	56	59		55	61	66	76

Based on: 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).

¹ Q4 2024 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 0.00 = —

² Click competitor name to see calculations.

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