Civitas Resources Inc (CIVI)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,204,240 | 3,296,250 | 3,775,140 | 923,213 | 215,005 |
| Total current assets | US$ in thousands | 988,318 | 2,144,410 | 1,328,430 | 719,937 | 92,405 |
| Total current liabilities | US$ in thousands | 2,205,090 | 1,851,890 | 1,177,930 | 1,119,510 | 74,484 |
| Working capital turnover | — | 11.27 | 25.08 | — | 12.00 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $5,204,240K ÷ ($988,318K – $2,205,090K)
= —
The working capital turnover of Civitas Resources Inc has fluctuated over the past five years. In December 2020, the working capital turnover was 12.00, indicating that the company converted its working capital 12 times during that year. However, the data is missing for December 2021.
In December 2022, there was a notable increase in the working capital turnover to 25.08, suggesting an improvement in the efficiency of working capital management. This indicates that the company was able to generate revenue more efficiently using its working capital during that period.
The working capital turnover decreased in December 2023 to 11.27, indicating a lower efficiency in converting working capital into revenue compared to the previous year. The data for December 2024 is missing, making it challenging to assess the trend for that year.
Overall, analyzing the working capital turnover ratios, it appears that Civitas Resources Inc experienced fluctuations in its working capital efficiency over the years, with a significant improvement in December 2022. Monitoring these ratios can provide insights into the company's liquidity management and operational efficiency.
Peer comparison
Dec 31, 2024