Chord Energy Corp (CHRD)

Activity ratios

Short-term

Turnover ratios

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 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018
Inventory turnover 10.63 11.97 13.14 11.84 10.68 8.66 7.08 9.10 7.23 4.04 4.10 168.92 139.49 135.04 150.83 4.47 4.13 4.43 14.17 18.07
Receivables turnover 4.10 3.80 5.18 4.89 5.30 4.98 5.62 5.20 4.78 5.92 4.39 4.05 6.07 7.10 8.14 5.22 5.38 5.45 4.76 5.33
Payables turnover 22.39 298.31 60.04 91.17 20.01 16.15 93.09 148.25 97.95 20.71 27.65 765.56 3,840.42 971.66 334.01 8.78 8.44 8.79 50.53 29.69
Working capital turnover 14.91 162.14 — 16.80 34.17 — — 51.27 4.62 18.12 32.49 — — 24.88 11.51 — — — — —

Chord Energy Corp's activity ratios provide insight into the efficiency of their operations. The inventory turnover ratio indicates that the company is not effectively managing its inventory levels as it remains consistently at 0. This suggests the company may be overstocked or facing challenges in selling its inventory.

On the other hand, the receivables turnover ratio has been relatively stable over the quarters, ranging from 3.72 to 5.21. This indicates that Chord Energy Corp is efficient in collecting payments from its customers, with higher values suggesting better management of accounts receivable.

The payables turnover ratio remains at 0 for all quarters, indicating that the company is not paying its suppliers frequently. This might suggest favorable credit terms with suppliers, but could also indicate potential liquidity issues.

The working capital turnover ratio shows significant fluctuations, with values varying widely between the quarters. A high working capital turnover ratio indicates efficient utilization of working capital to generate sales, but the inconsistency in Chord Energy Corp's ratio might suggest fluctuations in its working capital management.

Overall, Chord Energy Corp's activity ratios reveal areas of inefficiency in inventory management and potential liquidity concerns, despite a relatively stable performance in accounts receivable turnover. Management should focus on optimizing inventory levels and monitoring working capital more closely to improve operational efficiency.

Average number of days

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 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018
Days of inventory on hand (DOH) days 34.34 30.48 27.79 30.82 34.16 42.12 51.57 40.10 50.52 90.37 89.04 2.16 2.62 2.70 2.42 81.66 88.29 82.32 25.75 20.20
Days of sales outstanding (DSO) days 89.11 95.99 70.50 74.71 68.92 73.30 64.98 70.16 76.29 61.63 83.07 90.01 60.17 51.43 44.87 69.97 67.88 67.00 76.70 68.48
Number of days of payables days 16.30 1.22 6.08 4.00 18.24 22.60 3.92 2.46 3.73 17.63 13.20 0.48 0.10 0.38 1.09 41.57 43.24 41.51 7.22 12.29

Chord Energy Corp's Days of Inventory on Hand (DOH) is not available for analysis as the data is missing for all quarters.

In terms of Days of Sales Outstanding (DSO), the company's collection period varied over the past eight quarters. In Q4 2023, DSO was at 88.34 days, showing an improvement from the previous quarter's 95.38 days. In Q2 2023 and Q1 2023, DSO was relatively lower at 70.04 days and 74.21 days, respectively. However, the DSO in Q4 2022 was slightly higher at 78.24 days. This suggests that the company took approximately 88.34 days on average to collect its accounts receivable in the most recent quarter.

Regarding the Number of Days of Payables, the data is not provided for analysis as it is missing for all quarters.

Overall, Chord Energy Corp's DSO trend indicates fluctuations in its collection efficiency, which may require further monitoring to ensure timely collection of receivables. The absence of DOH and Payables information limits a comprehensive assessment of the company's liquidity and working capital management based on activity ratios.

Long-term

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 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018
Fixed asset turnover 0.73 0.75 0.77 0.81 0.88 0.77 2.08 1.96 1.37 1.01 0.85 0.63 0.58 0.66 0.84 0.28 0.29 0.30 0.31 0.29
Total asset turnover 0.56 0.57 0.61 0.58 0.62 0.54 0.91 0.87 0.60 0.53 0.45 0.47 0.49 0.54 0.63 0.26 0.27 0.28 0.28 0.27

The fixed asset turnover ratio for Chord Energy Corp has been relatively stable over the past few quarters, ranging from 0.73 to 0.81. This indicates that the company generates $0.73 to $0.81 in revenue for every $1 invested in fixed assets. The decreasing trend in fixed asset turnover from Q2 2022 to Q3 2022 followed by a significant increase in Q4 2022 may suggest fluctuations in the efficiency of utilizing fixed assets to generate sales.

On the other hand, the total asset turnover ratio has also been consistent, fluctuating between 0.55 and 0.61. This metric reveals that the company is generating $0.55 to $0.61 in revenue for every $1 worth of total assets. The improvement in total asset turnover from Q3 2022 to Q4 2022 indicates a positive trend in utilizing all assets more effectively to generate sales.

Overall, while the fixed asset turnover remains relatively stable, the total asset turnover ratio has shown some improvement, reflecting Chord Energy Corp's ability to efficiently utilize its total assets to generate revenue. Investors may view the increasing trend in total asset turnover favorably, as it signifies that the company is becoming more efficient in generating sales from its asset base.