HF Sinclair Corp (DINO)

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	28,584,710	29,744,850	31,443,180	31,430,690	31,964,400	33,289,190	34,982,720	38,311,270	38,204,880	34,842,620	28,928,680	22,343,600	18,389,140	15,667,240	13,801,580	11,287,390	11,183,640	12,664,760	14,270,190	16,989,880
Total current assets	US$ in thousands	5,014,000	5,356,140	5,843,020	6,322,460	6,146,450	7,402,390	6,692,820	6,558,530	6,748,320	6,827,470	7,702,740	6,239,300	3,762,450	4,355,020	4,144,450	3,700,280	3,310,760	3,318,830	2,803,530	2,509,140
Total current liabilities	US$ in thousands	2,313,000	2,962,840	2,759,430	2,917,940	2,774,550	3,477,220	2,887,910	3,117,730	3,245,530	3,242,290	4,066,120	3,611,600	2,065,460	2,044,210	2,012,770	1,757,310	1,375,160	1,236,850	1,333,040	1,308,880
Working capital turnover		10.58	12.43	10.20	9.23	9.48	8.48	9.19	11.13	10.91	9.72	7.95	8.50	10.84	6.78	6.47	5.81	5.78	6.08	9.70	14.16

December 31, 2024 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $28,584,710K ÷ ($5,014,000K – $2,313,000K)
= 10.58

HF Sinclair Corp's working capital turnover has demonstrated fluctuations over the analyzed period, starting at 14.16 on March 31, 2020, and experiencing a downward trend until December 31, 2021, reaching 5.78. This low point was followed by a gradual increase, with the ratio peaking at 12.43 on September 30, 2024.

The working capital turnover ratio measures how efficiently a company utilizes its working capital to generate sales. A higher ratio indicates that the company is effectively managing its working capital in supporting sales growth. Conversely, a lower ratio may suggest inefficiencies in the utilization of working capital and potential liquidity issues.

The fluctuations observed in HF Sinclair Corp's working capital turnover highlight changes in the company's ability to efficiently convert working capital into revenue. It is important for the company to monitor this ratio closely to ensure optimal management of working capital and maintain financial stability.