Northern Oil & Gas Inc (NOG)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,163,760 | 1,907,010 | 1,985,800 | 975,092 | 324,069 |
| Total current assets | US$ in thousands | 500,743 | 509,407 | 320,485 | 215,328 | 125,629 |
| Total current liabilities | US$ in thousands | 544,270 | 385,761 | 344,972 | 327,557 | 182,475 |
| Working capital turnover | — | 15.42 | — | — | — |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $2,163,760K ÷ ($500,743K – $544,270K)
= —
The working capital turnover ratio for Northern Oil & Gas Inc indicates how efficiently the company is utilizing its working capital to generate revenue. The data provided shows that there was no information available for the working capital turnover ratio for the years ending December 31, 2020, 2021, and 2024. However, for the year ending December 31, 2023, the working capital turnover was 15.42.
This result suggests that in 2023, Northern Oil & Gas Inc effectively managed its working capital to generate revenue 15.42 times during the year. A higher working capital turnover ratio typically indicates that the company is efficiently using its current assets (such as cash, accounts receivable, and inventory) to support its operations and sales.
It's essential to note that the lack of data for 2020, 2021, and 2024 could be due to various reasons, such as the company's operational changes or reporting practices. Analyzing trends over multiple years and comparing the working capital turnover ratio with industry benchmarks can provide further insights into Northern Oil & Gas Inc's financial performance and efficiency in managing its working capital.
Peer comparison
Dec 31, 2024