Stock Analysis on Net

This company has been moved to the archive! The financial data has not been updated since October 27, 2022.

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

Microsoft Excel

Short-term Activity Ratios (Summary)

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

Microsoft Excel
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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Turnover Ratios
Receivables turnover 6.37 5.07 6.73 4.73 4.27 5.59 4.49 4.68 6.21 8.30 7.33 6.21 7.92 7.28 5.80 3.78
Payables turnover 7.36 6.14 5.76 5.08 4.08 4.44 3.77 3.76 3.84 4.13 4.67 4.76 5.79 5.47 5.40 4.43
Working capital turnover 6.81 9.27 96.08 71.75
Average No. Days
Average receivable collection period 57 72 54 77 86 65 81 78 59 44 50 59 46 50 63 97
Average payables payment period 50 59 63 72 89 82 97 97 95 88 78 77 63 67 68 82

Based on: 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), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

Short-term activity ratio Description The company
Receivables turnover An activity ratio equal to revenue divided by receivables. EQT Corp. receivables turnover ratio deteriorated from Q1 2022 to Q2 2022 but then improved from Q2 2022 to Q3 2022 not reaching Q1 2022 level.
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. EQT Corp. payables turnover ratio increased from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022.

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. EQT Corp. number of days of receivables outstanding deteriorated from Q1 2022 to Q2 2022 but then improved from Q2 2022 to Q3 2022 not reaching Q1 2022 level.
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. EQT Corp. number of days of payables outstanding decreased from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022.

Receivables Turnover

EQT Corp., receivables turnover calculation (quarterly data)

Microsoft Excel
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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Selected Financial Data (US$ in thousands)
Sales of natural gas, natural gas liquids and oil 3,694,194 3,365,211 2,486,624 2,811,115 1,784,050 1,077,904 1,130,951 837,334 598,992 498,772 715,201 849,647 769,627 900,527 1,271,613 1,430,791 1,046,989 991,365 1,226,374
Accounts receivable, less provision for doubtful accounts 1,938,717 2,058,953 1,212,596 1,438,031 1,132,364 651,568 682,496 566,552 428,439 341,461 441,137 610,088 552,260 639,020 817,535 1,241,843 882,386 774,702 674,104
Short-term Activity Ratio
Receivables turnover1 6.37 5.07 6.73 4.73 4.27 5.59 4.49 4.68 6.21 8.30 7.33 6.21 7.92 7.28 5.80 3.78
Benchmarks
Receivables Turnover, Competitors2
Chevron Corp. 10.11 7.67 7.60 8.45 8.12 7.39 6.79 8.24 10.72 13.42 13.32 10.50
ConocoPhillips 10.23 8.09 6.89 7.00 6.78 6.65 5.17 7.13 10.59 17.42 13.98 9.97
Marathon Petroleum Corp. 12.85 9.22 8.64 10.87 10.79 8.98 9.41 12.11 16.88 22.14 21.12 15.75
Occidental Petroleum Corp. 8.98 5.31 5.34 6.17 6.39 5.94 5.41 8.42 9.57 9.12 9.36 3.20

Based on: 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), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

1 Q3 2022 Calculation
Receivables turnover = (Sales of natural gas, natural gas liquids and oilQ3 2022 + Sales of natural gas, natural gas liquids and oilQ2 2022 + Sales of natural gas, natural gas liquids and oilQ1 2022 + Sales of natural gas, natural gas liquids and oilQ4 2021) ÷ Accounts receivable, less provision for doubtful accounts
= (3,694,194 + 3,365,211 + 2,486,624 + 2,811,115) ÷ 1,938,717 = 6.37

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. EQT Corp. receivables turnover ratio deteriorated from Q1 2022 to Q2 2022 but then improved from Q2 2022 to Q3 2022 not reaching Q1 2022 level.

Payables Turnover

EQT Corp., payables turnover calculation (quarterly data)

Microsoft Excel
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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Selected Financial Data (US$ in thousands)
Sales of natural gas, natural gas liquids and oil 3,694,194 3,365,211 2,486,624 2,811,115 1,784,050 1,077,904 1,130,951 837,334 598,992 498,772 715,201 849,647 769,627 900,527 1,271,613 1,430,791 1,046,989 991,365 1,226,374
Accounts payable 1,678,083 1,700,406 1,416,274 1,339,251 1,183,194 820,134 812,273 705,461 693,141 686,512 692,268 796,438 755,102 850,847 877,498 1,059,873 978,757 754,120 699,520
Short-term Activity Ratio
Payables turnover1 7.36 6.14 5.76 5.08 4.08 4.44 3.77 3.76 3.84 4.13 4.67 4.76 5.79 5.47 5.40 4.43
Benchmarks
Payables Turnover, Competitors2
Chevron Corp. 10.46 8.28 8.78 9.46 8.79 7.88 7.45 8.63 10.93 13.94 12.30 9.92
ConocoPhillips 12.02 11.18 11.03 9.16 8.83 8.15 5.94 7.04 9.47 11.83 10.20 10.25
Marathon Petroleum Corp. 9.01 6.27 6.27 8.03 7.79 6.75 6.68 8.42 11.31 14.15 12.91 9.48
Occidental Petroleum Corp. 9.78 6.49 6.22 6.66 5.98 5.51 4.83 5.96 7.43 7.09 5.98 2.91
Valero Energy Corp. 12.04 8.69 8.31 8.87 9.54 8.00 6.88 10.79 14.26 18.19 17.61 10.15

Based on: 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), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

1 Q3 2022 Calculation
Payables turnover = (Sales of natural gas, natural gas liquids and oilQ3 2022 + Sales of natural gas, natural gas liquids and oilQ2 2022 + Sales of natural gas, natural gas liquids and oilQ1 2022 + Sales of natural gas, natural gas liquids and oilQ4 2021) ÷ Accounts payable
= (3,694,194 + 3,365,211 + 2,486,624 + 2,811,115) ÷ 1,678,083 = 7.36

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. EQT Corp. payables turnover ratio increased from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022.

Working Capital Turnover

EQT Corp., working capital turnover calculation (quarterly data)

Microsoft Excel
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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Selected Financial Data (US$ in thousands)
Current assets 3,902,467 4,085,629 3,025,930 2,286,766 3,340,899 2,168,655 1,313,705 1,215,450 1,342,154 1,541,795 1,948,043 1,754,855 1,495,220 1,598,091 1,380,041 1,969,664 1,234,658 1,780,812 1,191,581
Less: Current liabilities 6,637,902 7,189,747 7,605,287 5,080,171 7,228,353 3,679,201 1,750,027 1,762,410 1,839,517 1,560,586 1,473,232 1,345,902 1,449,710 1,533,288 2,185,490 2,355,001 2,646,076 2,356,243 1,108,676
Working capital (2,735,435) (3,104,118) (4,579,357) (2,793,405) (3,887,454) (1,510,546) (436,322) (546,960) (497,363) (18,791) 474,811 408,953 45,510 64,803 (805,449) (385,337) (1,411,418) (575,431) 82,905
 
Sales of natural gas, natural gas liquids and oil 3,694,194 3,365,211 2,486,624 2,811,115 1,784,050 1,077,904 1,130,951 837,334 598,992 498,772 715,201 849,647 769,627 900,527 1,271,613 1,430,791 1,046,989 991,365 1,226,374
Short-term Activity Ratio
Working capital turnover1 6.81 9.27 96.08 71.75
Benchmarks
Working Capital Turnover, Competitors2
Chevron Corp. 15.53 17.08 13.09 22.40 19.37 24.04 32.46 24.25 20.28 39.55 414.01 77.75
ConocoPhillips 11.63 9.84 9.02 11.37 3.72 3.24 3.02 2.80 3.27 3.51 4.18 3.30
Exxon Mobil Corp. 15.33 26.98 59.06 110.19
Marathon Petroleum Corp. 12.38 11.41 12.01 9.52 5.95 4.60 4.92 5.53 6.93 30.75 55.50 30.81
Occidental Petroleum Corp. 44.63 49.75 21.36 13.76 28.72 5.99 11.43 29.88 102.74 10.72 5.46
Valero Energy Corp. 31.24 28.60 37.33 26.42 21.15 15.70 12.04 9.89 10.44 16.04 38.84 18.65

Based on: 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), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

1 Q3 2022 Calculation
Working capital turnover = (Sales of natural gas, natural gas liquids and oilQ3 2022 + Sales of natural gas, natural gas liquids and oilQ2 2022 + Sales of natural gas, natural gas liquids and oilQ1 2022 + Sales of natural gas, natural gas liquids and oilQ4 2021) ÷ Working capital
= (3,694,194 + 3,365,211 + 2,486,624 + 2,811,115) ÷ -2,735,435 =

2 Click competitor name to see calculations.


Average Receivable Collection Period

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

Microsoft Excel
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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Selected Financial Data
Receivables turnover 6.37 5.07 6.73 4.73 4.27 5.59 4.49 4.68 6.21 8.30 7.33 6.21 7.92 7.28 5.80 3.78
Short-term Activity Ratio (no. days)
Average receivable collection period1 57 72 54 77 86 65 81 78 59 44 50 59 46 50 63 97
Benchmarks (no. days)
Average Receivable Collection Period, Competitors2
Chevron Corp. 36 48 48 43 45 49 54 44 34 27 27 35
ConocoPhillips 36 45 53 52 54 55 71 51 34 21 26 37
Marathon Petroleum Corp. 28 40 42 34 34 41 39 30 22 16 17 23
Occidental Petroleum Corp. 41 69 68 59 57 61 67 43 38 40 39 114

Based on: 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), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

1 Q3 2022 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 6.37 = 57

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. EQT Corp. number of days of receivables outstanding deteriorated from Q1 2022 to Q2 2022 but then improved from Q2 2022 to Q3 2022 not reaching Q1 2022 level.

Average Payables Payment Period

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

Microsoft Excel
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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Selected Financial Data
Payables turnover 7.36 6.14 5.76 5.08 4.08 4.44 3.77 3.76 3.84 4.13 4.67 4.76 5.79 5.47 5.40 4.43
Short-term Activity Ratio (no. days)
Average payables payment period1 50 59 63 72 89 82 97 97 95 88 78 77 63 67 68 82
Benchmarks (no. days)
Average Payables Payment Period, Competitors2
Chevron Corp. 35 44 42 39 42 46 49 42 33 26 30 37
ConocoPhillips 30 33 33 40 41 45 61 52 39 31 36 36
Marathon Petroleum Corp. 41 58 58 45 47 54 55 43 32 26 28 38
Occidental Petroleum Corp. 37 56 59 55 61 66 76 61 49 51 61 126
Valero Energy Corp. 30 42 44 41 38 46 53 34 26 20 21 36

Based on: 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), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

1 Q3 2022 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 7.36 = 50

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. EQT Corp. number of days of payables outstanding decreased from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022.