Chord Energy Corp (CHRD)

Working capital turnover

		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
Revenue (ttm)	US$ in thousands	5,251,080	4,761,095	4,433,995	4,085,386	3,896,643	3,947,558	4,013,028	3,890,337	3,646,789	3,152,766	2,365,965	1,969,645	1,672,135	1,408,683	1,277,703	1,050,995	1,083,334	1,168,126	1,379,810	1,742,863
Total current assets	US$ in thousands	1,579,120	1,552,140	1,604,390	1,415,240	1,424,550	1,419,940	1,124,520	1,498,120	1,482,510	1,453,940	1,115,120	952,165	1,615,440	753,257	732,332	422,523	271,617	339,441	418,835	654,620
Total current liabilities	US$ in thousands	1,683,980	1,661,780	1,678,120	1,245,120	1,165,460	1,395,750	1,173,390	1,268,090	1,361,330	1,488,760	1,249,720	900,987	1,225,200	665,084	691,425	508,639	341,231	575,294	361,353	498,674
Working capital turnover		—	—	—	24.01	15.04	163.19	—	16.91	30.09	—	—	38.49	4.28	15.98	31.23	—	—	—	24.00	11.18

December 31, 2024 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $5,251,080K ÷ ($1,579,120K – $1,683,980K)
= —

The working capital turnover ratio measures how efficiently a company is utilizing its working capital to generate sales revenue. A higher turnover ratio indicates the company is efficiently managing its working capital.

Analyzing the data provided for Chord Energy Corp:

1. The working capital turnover ratio for the company has been fluctuating over the periods. It was 11.18 as of March 31, 2020, increased significantly to 24.00 by June 30, 2020, and showed an upward trend reaching 31.23 by June 30, 2021.

2. There were periods where the data was not available, as indicated by the "—". This could be due to various reasons such as changes in reporting practices or data unavailability.

3. The working capital turnover ratio dipped to 4.28 by December 31, 2021, then increased to 38.49 by March 31, 2022. This significant increase suggests that the company improved its efficiency in utilizing working capital to generate sales.

4. The ratio fluctuated over the subsequent periods, with values ranging from 16.91 to 163.19. A sudden spike to 163.19 by September 30, 2023, may indicate a specific event like a large sale or a change in working capital management.

5. By December 31, 2024, the working capital turnover ratio dropped to 15.04. The absence of data for some periods like June 30, 2022, and onwards may limit the ability to fully assess the trend in recent years.

Overall, the working capital turnover ratio for Chord Energy Corp has shown variability over the years, with some periods indicating improved efficiency in utilizing working capital to generate sales revenue, while other periods show fluctuations that may require further investigation into the company's working capital management practices.