Chord Energy Corp (CHRD)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,251,080 | 3,896,640 | 3,646,790 | 1,579,930 | 1,083,330 |
| Total current assets | US$ in thousands | 1,579,120 | 1,424,550 | 1,482,510 | 1,615,440 | 271,617 |
| Total current liabilities | US$ in thousands | 1,683,980 | 1,165,460 | 1,361,330 | 1,225,200 | 341,231 |
| Working capital turnover | — | 15.04 | 30.09 | 4.05 | — |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $5,251,080K ÷ ($1,579,120K – $1,683,980K)
= —
The working capital turnover for Chord Energy Corp has shown significant fluctuations over the years. The ratio was not available for analysis in both December 31, 2020 and December 31, 2024. However, in December 31, 2021, the working capital turnover was 4.05, indicating that the company generated $4.05 in revenue for every dollar of working capital invested. The ratio then saw a substantial increase to 30.09 by December 31, 2022, suggesting a significant improvement in efficiency in utilizing its working capital to generate sales. However, by December 31, 2023, the ratio decreased to 15.04, indicating a potential slowdown in the turnover of working capital. It is essential for Chord Energy Corp to monitor this ratio consistently to ensure optimal management of its working capital for efficient operations and sustainable growth.
Peer comparison
Dec 31, 2024