HF Sinclair Corp (DINO)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 28,580,000 | 31,964,400 | 38,204,800 | 18,389,100 | 11,183,600 |
| Total current assets | US$ in thousands | 5,014,000 | 6,146,450 | 6,748,320 | 3,762,450 | 3,310,760 |
| Total current liabilities | US$ in thousands | 3,043,000 | 2,774,550 | 3,245,530 | 2,065,460 | 1,375,160 |
| Working capital turnover | 14.50 | 9.48 | 10.91 | 10.84 | 5.78 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $28,580,000K ÷ ($5,014,000K – $3,043,000K)
= 14.50
The working capital turnover of HF Sinclair Corp has shown a steady increase over the years, indicating a more efficient management of its working capital. The ratio has improved from 5.78 in December 31, 2020, to 14.50 in December 31, 2024. This suggests that the company is generating more revenue per dollar of working capital employed, which is a positive sign for the company's operational efficiency. Overall, the upward trend in the working capital turnover ratio reflects HF Sinclair Corp's ability to effectively utilize its working capital to drive revenue growth.