APA Corporation (APA)
Activity ratios
Short-term
Turnover ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 13.04 | 9.95 | 10.02 | 8.73 | 8.94 | 9.35 | 8.97 | 9.63 | 11.29 | 9.90 | 9.78 | 8.23 | 9.40 | 8.69 | 7.96 | 7.23 | 7.17 | 7.54 | 8.70 | 9.80 |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | 21.69 | 13.23 | 309.28 | 23.23 | 142.74 | 52.02 | — | 37.46 | — | 72.20 | 37.31 | 18.34 | 30.36 | 20.19 | 5.09 | 4.93 | 8.24 | 14.36 | — | — |
The Inventory turnover ratio for APA Corporation has shown some fluctuations over the years, ranging from a low of 7.17 to a high of 13.04. This ratio indicates how efficiently the company is managing its inventory, with a higher ratio generally being more favorable as it suggests a quicker turnover of inventory.
On the other hand, the Receivables turnover ratio data is not available, indicating a lack of information on how quickly the company is collecting payments from its customers. A higher receivables turnover ratio would imply a shorter time frame for collecting outstanding payments.
Similarly, information on the Payables turnover ratio is not provided, which could have indicated how efficiently the company is paying off its short-term obligations to suppliers. A higher payables turnover ratio typically suggests that the company is taking longer to pay its suppliers.
The Working capital turnover ratio has shown significant variability, with values ranging from 4.93 to 309.28. This ratio reflects how effectively the company is utilizing its working capital to generate sales revenue. A higher working capital turnover ratio indicates more efficient utilization of working capital to support business operations.
In summary, based on the available data, APA Corporation's inventory turnover ratios have displayed some variability, while information on receivables turnover, payables turnover, and working capital turnover is not provided, making it challenging to assess the efficiency of the company's receivables collection, payables management, and working capital utilization.
Average number of days
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 27.99 | 36.68 | 36.43 | 41.82 | 40.81 | 39.02 | 40.69 | 37.90 | 32.34 | 36.88 | 37.30 | 44.35 | 38.84 | 42.02 | 45.83 | 50.48 | 50.87 | 48.40 | 41.97 | 37.24 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
APA Corporation's Days of Inventory on Hand (DOH) has shown fluctuations over the past few years, ranging from a low of 27.99 days at December 31, 2024, to a high of 50.87 days at December 31, 2020. The decreasing trend in DOH from 2020 to 2024 indicates that the company has been managing its inventory more efficiently, turning over its inventory at a faster rate in recent years.
Unfortunately, data for Days of Sales Outstanding (DSO) and Number of Days of Payables are not provided for analysis. These ratios are crucial for evaluating the efficiency of the company's accounts receivable and accounts payable management.
Overall, based on the available DOH data, APA Corporation has been successfully improving its inventory management efficiency, which is a positive indicator of its operational effectiveness in controlling inventory levels and costs.
See also:
APA Corporation Short-term (Operating) Activity Ratios (Quarterly Data)
Long-term
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | — | — | — | — | — | 0.90 | 0.22 | 0.25 | 0.27 | 0.27 | 0.25 | 0.22 | 0.20 | 0.85 | 0.70 | 0.58 | 0.10 | 0.53 | 0.55 | 0.63 |
| Total asset turnover | 0.50 | 0.47 | 0.44 | 0.55 | 0.54 | 0.63 | 0.69 | 0.79 | 0.84 | 0.80 | 0.78 | 0.70 | 0.60 | 0.52 | 0.44 | 0.38 | 0.35 | 0.38 | 0.40 | 0.45 |
APA Corporation's fixed asset turnover ratio has fluctuated over the years, ranging from a low of 0.10 on December 31, 2020, to a high of 0.90 on September 30, 2023. This ratio measures how efficiently the company is utilizing its fixed assets to generate revenue. A higher ratio indicates better efficiency in generating sales using fixed assets.
On the other hand, the total asset turnover ratio of APA Corporation has also varied, peaking at 0.84 on December 31, 2022, and reaching a low of 0.35 on December 31, 2020. This ratio reflects how effectively the company is using all its assets to generate sales. A higher total asset turnover ratio signifies that the company is efficiently generating revenue relative to its total assets.
Overall, both ratios show fluctuations in APA Corporation's efficiency in utilizing its assets to generate sales over the years, with varying levels of effectiveness in asset turnover.
See also:
APA Corporation Long-term (Investment) Activity Ratios (Quarterly Data)