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)
EQT Corp., short-term (operating) activity ratios
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
| 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 2019 to 2020 but then slightly improved from 2020 to 2021. |
| Payables turnover | An activity ratio calculated as cost of goods sold divided by payables. | EQT Corp. payables turnover ratio decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level. |
| 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 2019 to 2020 but then slightly improved from 2020 to 2021. |
| 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 increased from 2019 to 2020 but then decreased significantly from 2020 to 2021. |
Receivables Turnover
EQT Corp., receivables turnover calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Sales of natural gas, natural gas liquids and oil | 6,804,020) | 2,650,299) | 3,791,414) | 4,695,519) | 2,651,318) | |
| Accounts receivable, less provision for doubtful accounts | 1,438,031) | 566,552) | 610,088) | 1,241,843) | 664,685) | |
| Short-term Activity Ratio | ||||||
| Receivables turnover1 | 4.73 | 4.68 | 6.21 | 3.78 | 3.99 | |
| Benchmarks | ||||||
| Receivables Turnover, Competitors2 | ||||||
| Chevron Corp. | 8.45 | 8.24 | 10.50 | — | — | |
| ConocoPhillips | 7.00 | 7.13 | 9.97 | — | — | |
| Exxon Mobil Corp. | 10.29 | 10.93 | 12.11 | — | — | |
| Marathon Petroleum Corp. | 10.87 | 12.11 | 15.75 | — | — | |
| Occidental Petroleum Corp. | 6.17 | 8.42 | 3.20 | — | — | |
| Valero Energy Corp. | 11.43 | 13.50 | 13.44 | — | — | |
| Receivables Turnover, Sector | ||||||
| Oil, Gas & Consumable Fuels | 9.58 | 10.30 | 11.35 | — | — | |
| Receivables Turnover, Industry | ||||||
| Energy | 9.24 | 9.67 | 10.53 | — | — | |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Receivables turnover = Sales of natural gas, natural gas liquids and oil ÷ Accounts receivable, less provision for doubtful accounts
= 6,804,020 ÷ 1,438,031 = 4.73
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 2019 to 2020 but then slightly improved from 2020 to 2021. |
Payables Turnover
EQT Corp., payables turnover calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Sales of natural gas, natural gas liquids and oil | 6,804,020) | 2,650,299) | 3,791,414) | 4,695,519) | 2,651,318) | |
| Accounts payable | 1,339,251) | 705,461) | 796,438) | 1,059,873) | 726,433) | |
| Short-term Activity Ratio | ||||||
| Payables turnover1 | 5.08 | 3.76 | 4.76 | 4.43 | 3.65 | |
| Benchmarks | ||||||
| Payables Turnover, Competitors2 | ||||||
| Chevron Corp. | 9.46 | 8.63 | 9.92 | — | — | |
| ConocoPhillips | 9.16 | 7.04 | 10.25 | — | — | |
| Exxon Mobil Corp. | 10.39 | 10.20 | 10.35 | — | — | |
| Marathon Petroleum Corp. | 8.03 | 8.42 | 9.48 | — | — | |
| Occidental Petroleum Corp. | 6.66 | 5.96 | 2.91 | — | — | |
| Valero Energy Corp. | 8.87 | 10.79 | 10.15 | — | — | |
| Payables Turnover, Sector | ||||||
| Oil, Gas & Consumable Fuels | 9.27 | 9.19 | 9.35 | — | — | |
| Payables Turnover, Industry | ||||||
| Energy | 9.15 | 9.07 | 9.14 | — | — | |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Payables turnover = Sales of natural gas, natural gas liquids and oil ÷ Accounts payable
= 6,804,020 ÷ 1,339,251 = 5.08
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 decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level. |
Working Capital Turnover
EQT Corp., working capital turnover calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Current assets | 2,286,766) | 1,215,450) | 1,754,855) | 1,969,664) | 1,163,055) | |
| Less: Current liabilities | 5,080,171) | 1,762,410) | 1,345,902) | 2,355,001) | 1,232,237) | |
| Working capital | (2,793,405) | (546,960) | 408,953) | (385,337) | (69,182) | |
| Sales of natural gas, natural gas liquids and oil | 6,804,020) | 2,650,299) | 3,791,414) | 4,695,519) | 2,651,318) | |
| Short-term Activity Ratio | ||||||
| Working capital turnover1 | — | — | 9.27 | — | — | |
| Benchmarks | ||||||
| Working Capital Turnover, Competitors2 | ||||||
| Chevron Corp. | 22.40 | 24.25 | 77.75 | — | — | |
| ConocoPhillips | 11.37 | 2.80 | 3.30 | — | — | |
| Exxon Mobil Corp. | 110.19 | — | — | — | — | |
| Marathon Petroleum Corp. | 9.52 | 5.53 | 30.81 | — | — | |
| Occidental Petroleum Corp. | 13.76 | 29.88 | 5.46 | — | — | |
| Valero Energy Corp. | 26.42 | 9.89 | 18.65 | — | — | |
| Working Capital Turnover, Sector | ||||||
| Oil, Gas & Consumable Fuels | 22.86 | 23.50 | 60.26 | — | — | |
| Working Capital Turnover, Industry | ||||||
| Energy | 22.01 | 21.93 | 51.98 | — | — | |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Working capital turnover = Sales of natural gas, natural gas liquids and oil ÷ Working capital
= 6,804,020 ÷ -2,793,405 = —
2 Click competitor name to see calculations.
Average Receivable Collection Period
EQT Corp., average receivable collection period calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data | ||||||
| Receivables turnover | 4.73 | 4.68 | 6.21 | 3.78 | 3.99 | |
| Short-term Activity Ratio (no. days) | ||||||
| Average receivable collection period1 | 77 | 78 | 59 | 97 | 92 | |
| Benchmarks (no. days) | ||||||
| Average Receivable Collection Period, Competitors2 | ||||||
| Chevron Corp. | 43 | 44 | 35 | — | — | |
| ConocoPhillips | 52 | 51 | 37 | — | — | |
| Exxon Mobil Corp. | 35 | 33 | 30 | — | — | |
| Marathon Petroleum Corp. | 34 | 30 | 23 | — | — | |
| Occidental Petroleum Corp. | 59 | 43 | 114 | — | — | |
| Valero Energy Corp. | 32 | 27 | 27 | — | — | |
| Average Receivable Collection Period, Sector | ||||||
| Oil, Gas & Consumable Fuels | 38 | 35 | 32 | — | — | |
| Average Receivable Collection Period, Industry | ||||||
| Energy | 40 | 38 | 35 | — | — | |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 4.73 = 77
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 2019 to 2020 but then slightly improved from 2020 to 2021. |
Average Payables Payment Period
EQT Corp., average payables payment period calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data | ||||||
| Payables turnover | 5.08 | 3.76 | 4.76 | 4.43 | 3.65 | |
| Short-term Activity Ratio (no. days) | ||||||
| Average payables payment period1 | 72 | 97 | 77 | 82 | 100 | |
| Benchmarks (no. days) | ||||||
| Average Payables Payment Period, Competitors2 | ||||||
| Chevron Corp. | 39 | 42 | 37 | — | — | |
| ConocoPhillips | 40 | 52 | 36 | — | — | |
| Exxon Mobil Corp. | 35 | 36 | 35 | — | — | |
| Marathon Petroleum Corp. | 45 | 43 | 38 | — | — | |
| Occidental Petroleum Corp. | 55 | 61 | 126 | — | — | |
| Valero Energy Corp. | 41 | 34 | 36 | — | — | |
| Average Payables Payment Period, Sector | ||||||
| Oil, Gas & Consumable Fuels | 39 | 40 | 39 | — | — | |
| Average Payables Payment Period, Industry | ||||||
| Energy | 40 | 40 | 40 | — | — | |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 5.08 = 72
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 increased from 2019 to 2020 but then decreased significantly from 2020 to 2021. |