Diamondback Energy Inc (FANG)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 11,023,000 | 8,412,000 | 9,643,000 | 6,797,000 | 2,813,000 |
| Total current assets | US$ in thousands | 2,110,000 | 1,621,000 | 1,392,000 | 1,446,000 | 602,000 |
| Total current liabilities | US$ in thousands | 4,811,000 | 2,108,000 | 1,716,000 | 1,438,000 | 1,236,000 |
| Working capital turnover | — | — | — | 849.62 | — |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $11,023,000K ÷ ($2,110,000K – $4,811,000K)
= —
The working capital turnover ratio indicates how efficiently a company is utilizing its working capital to generate revenues. In the case of Diamondback Energy Inc, the working capital turnover ratio for December 31, 2021, is 849.62. This suggests that the company generated $849.62 in revenue for every dollar of working capital during that period. However, since there is no available data for the other years, it is difficult to assess the trend over time. A high working capital turnover ratio may indicate that the company is effectively managing its working capital to drive sales, but further analysis with additional data would be needed to provide a more comprehensive evaluation of the company's efficiency in this regard.
Peer comparison
Dec 31, 2024