Diamondback Energy Inc (FANG)
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 | 11,051,000 | 9,572,000 | 9,267,000 | 8,680,000 | 8,378,000 | 8,191,000 | 8,288,000 | 9,160,000 | 9,643,000 | 9,635,000 | 9,107,000 | 8,018,000 | 6,793,000 | 5,538,000 | 4,348,000 | 3,092,000 | 2,806,000 | 3,141,000 | 3,395,000 | 3,990,000 |
| Total current assets | US$ in thousands | 2,110,000 | 2,022,000 | 7,825,000 | 1,948,000 | 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 | 602,000 | 851,000 | 602,000 | 558,000 | 654,000 | 1,268,000 |
| Total current liabilities | US$ in thousands | 4,811,000 | 4,463,000 | 2,137,000 | 2,118,000 | 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 | 1,236,000 | 1,868,000 | 1,236,000 | 1,229,000 | 1,061,000 | 1,330,000 |
| Working capital turnover | — | — | 1.63 | — | — | — | — | — | — | — | — | — | 849.12 | — | — | — | — | — | — | — |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $11,051,000K ÷ ($2,110,000K – $4,811,000K)
= —
The working capital turnover for Diamondback Energy Inc has shown fluctuations over the past few years. As of December 31, 2021, the working capital turnover was 849.12, indicating that the company generated $849.12 in revenue for every dollar of working capital invested. This suggests that Diamondback Energy was efficiently converting its working capital into revenue at that time.
However, the working capital turnover data for the subsequent periods, up to June 30, 2024, indicates that there was either no data available or lower turnover rates. For instance, the working capital turnover dropped to 1.63 as of June 30, 2024, which may suggest a decrease in efficiency in utilizing working capital to generate revenue compared to the previous periods.
It is important to further investigate the reasons behind these fluctuations in working capital turnover to understand the company's operational efficiency, liquidity management, and overall financial performance. Additional analysis of the company's working capital components and business operations may provide insights into the effectiveness of Diamondback Energy's working capital management strategies.
Peer comparison
Dec 31, 2024
See also:
Diamondback Energy Inc Working Capital Turnover (Quarterly Data)