Comstock Resources Inc (CRK)

Working capital turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	1,583,860	2,747,940	556,921	632,473	658,858
Total current assets	US$ in thousands	461,493	644,987	318,736	199,810	289,685
Total current liabilities	US$ in thousands	681,491	756,137	633,984	441,592	392,376
Working capital turnover		—	—	—	—	—

December 31, 2023 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $1,583,860K ÷ ($461,493K – $681,491K)
= —

To calculate the working capital turnover ratio for Comstock Resources, Inc., we need to have the data for the net sales and the average working capital for each year. Unfortunately, since the specific figures for net sales and working capital are not provided in the table, we are unable to compute the working capital turnover ratio for any of the years mentioned.

However, it is important to highlight that the working capital turnover ratio measures how efficiently a company utilizes its working capital to generate sales revenue. A higher ratio indicates that the company is effectively managing its working capital to support its sales activities. Conversely, a lower ratio suggests inefficient utilization of working capital.

In the absence of the required data, a detailed analysis of Comstock Resources, Inc.'s working capital turnover ratio cannot be performed at this time. It is recommended to obtain the necessary financial information to compute the ratio accurately and assess the company's liquidity and operational efficiency in converting working capital into sales.