HF Sinclair Corp (DINO)
Activity ratios
Short-term
Turnover ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Inventory turnover | 10.17 | 9.18 | 9.76 | 7.43 | 8.32 |
| Receivables turnover | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
| Working capital turnover | 14.50 | 9.48 | 10.91 | 10.84 | 5.78 |
HF Sinclair Corp's inventory turnover ratio has shown a fluctuating trend over the years, from 8.32 in 2020 to 10.17 in 2024. This indicates that the company is becoming more efficient in managing its inventory, as it takes fewer days to sell its inventory.
The receivables turnover ratio is not available for any of the years provided, suggesting that data on how quickly the company collects payments from its customers is missing.
Similarly, payables turnover data is unavailable for all years, making it difficult to assess how quickly the company pays its suppliers.
The working capital turnover ratio has shown an overall increasing trend, from 5.78 in 2020 to 14.50 in 2024. This signifies that the company is generating more revenue relative to its working capital, which is a positive indicator of operational efficiency and liquidity management.
Average number of days
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 35.89 | 39.76 | 37.38 | 49.15 | 43.89 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — |
HF Sinclair Corp's Days of Inventory on Hand (DOH) has shown a fluctuating trend over the period from December 31, 2020, to December 31, 2024. It started at 43.89 days in 2020, increased to 49.15 days in 2021, dropped to 37.38 days in 2022, slightly increased to 39.76 days in 2023, and then decreased to 35.89 days by the end of 2024. This indicates that the company varied its inventory management strategies during this period, potentially affecting its working capital efficiency.
The Days of Sales Outstanding (DSO) and Number of Days of Payables data are not provided, suggesting that the company's accounts receivable collection period and accounts payable turnover were not specified for the years from 2020 to 2024. Without this information, it is challenging to assess the efficiency of the company's credit policies and cash management strategies.
In conclusion, based on the available data for HF Sinclair Corp's activity ratios, the fluctuating trend in Days of Inventory on Hand highlights the company's inventory management practices, while the absence of information on Days of Sales Outstanding and Number of Days of Payables limits a comprehensive evaluation of its overall working capital efficiency and liquidity.
Long-term
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Fixed asset turnover | — | — | 5.43 | 3.16 | 2.27 |
| Total asset turnover | 1.72 | 1.80 | 2.11 | 1.42 | 0.97 |
HF Sinclair Corp's long-term activity ratios show an improving trend over the years.
The Fixed Asset Turnover ratio has increased significantly from 2.27 in 2020 to 5.43 in 2022. This indicates that the company is generating more revenue per dollar of fixed assets invested, showing improved efficiency in asset utilization over this period. However, the data for 2023 and 2024 are not available, which makes it challenging to assess the trend for those years.
In terms of Total Asset Turnover, the ratio has also shown an increasing trend from 0.97 in 2020 to 2.11 in 2022, suggesting that the company is generating more revenue for each dollar of assets it owns. While there was a slight dip in 2023 and 2024, with ratios of 1.80 and 1.72 respectively, the overall trend remains positive.
Overall, the increasing trends in both the Fixed Asset Turnover and Total Asset Turnover ratios indicate that HF Sinclair Corp has been efficiently utilizing its assets to generate revenue and improve its operational performance over the years. However, it would be beneficial to assess the missing data for 2023 and 2024 to gain a more complete understanding of the company's long-term activity performance.