APA Corporation (APA)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 9,737,000 | 8,279,000 | 11,075,000 | 7,985,000 | 4,435,000 |
| Total current assets | US$ in thousands | 3,404,000 | 2,462,000 | 2,708,000 | 2,380,000 | 1,846,000 |
| Total current liabilities | US$ in thousands | 2,955,000 | 2,404,000 | 2,916,000 | 2,117,000 | 1,308,000 |
| Working capital turnover | 21.69 | 142.74 | — | 30.36 | 8.24 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $9,737,000K ÷ ($3,404,000K – $2,955,000K)
= 21.69
Working capital turnover is a financial ratio that measures how efficiently a company utilizes its working capital to generate sales. APA Corporation's working capital turnover has shown significant fluctuations over the years.
In December 31, 2020, the working capital turnover was 8.24, indicating that the company generated $8.24 in sales for every $1 of working capital. This ratio increased substantially to 30.36 by December 31, 2021, showing improved efficiency in utilizing working capital to generate sales.
The data for December 31, 2022 is not provided ("—"), which makes it difficult to analyze the trend for that year. However, in December 31, 2023, the working capital turnover soared to 142.74, suggesting a remarkable utilization of working capital to drive sales.
By December 31, 2024, the working capital turnover decreased to 21.69, although still at a healthy level. Overall, the trend in APA Corporation's working capital turnover has been volatile, with significant fluctuations over the years, potentially indicating changes in the company's operating efficiency and sales generation capabilities.
Peer comparison
Dec 31, 2024