Diamondback Energy Inc (FANG)

Working capital turnover

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	8,412,000	8,214,000	8,311,000	9,160,000	9,643,000	9,635,000	9,108,000	8,021,000	6,797,000	5,544,000	4,354,000	3,098,000	2,813,000	3,148,000	3,403,000	3,999,000	3,964,000	3,493,000	3,055,000	2,561,000
Total current assets	US$ in thousands	1,621,000	1,916,000	918,000	1,160,000	1,392,000	1,031,000	1,201,000	1,347,000	1,446,000	1,464,000	1,142,000	851,000	602,000	558,000	654,000	1,268,000	869,000	845,000	972,000	693,000
Total current liabilities	US$ in thousands	2,108,000	2,141,000	2,123,000	1,886,000	1,716,000	1,678,000	1,640,000	1,872,000	1,438,000	1,996,000	1,972,000	1,868,000	1,236,000	1,229,000	1,061,000	1,330,000	1,263,000	1,181,000	1,180,000	1,112,000
Working capital turnover		—	—	—	—	—	—	—	—	849.62	—	—	—	—	—	—	—	—	—	—	—

December 31, 2023 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $8,412,000K ÷ ($1,621,000K – $2,108,000K)
= —

I'm sorry, but I cannot provide a detailed analysis of Diamondback Energy Inc's working capital turnover as there is no data available for this ratio in the provided table. In order to calculate working capital turnover, we would need figures for net sales and average working capital for each period. Without this information, it is not possible to analyze the trend or performance of this ratio over time. Please provide the necessary data for a more in-depth analysis.