Matador Resources Company (MTDR)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,504,980 | 2,806,780 | 3,058,020 | 1,662,980 | 862,126 |
| Total current assets | US$ in thousands | 927,345 | 715,872 | 1,071,830 | 371,305 | 261,629 |
| Total current liabilities | US$ in thousands | 995,357 | 685,275 | 575,873 | 464,837 | 290,936 |
| Working capital turnover | — | 91.73 | 6.17 | — | — |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $3,504,980K ÷ ($927,345K – $995,357K)
= —
The working capital turnover ratio for Matador Resources Company has shown significant fluctuations over the years. In 2020 and 2024, the ratio was not available, denoted as "—". In 2022, the ratio was 6.17, indicating that the company generated $6.17 in revenue for every dollar of working capital.
However, the most noteworthy observation is in 2023, where the working capital turnover ratio spiked to 91.73. This suggests that Matador Resources Company efficiently utilized its working capital to generate significant revenue during that period.
Overall, the fluctuating values of the working capital turnover ratio for Matador Resources Company indicate varying efficiency levels in managing its working capital to drive revenue generation across different years.
Peer comparison
Dec 31, 2024