Ovintiv Inc (OVV)
Working capital turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 10,883,000 | 12,464,000 | 8,658,000 | 6,087,000 | 6,726,000 |
| Total current assets | US$ in thousands | 1,676,000 | 1,695,000 | 1,587,000 | 1,247,000 | 1,869,000 |
| Total current liabilities | US$ in thousands | 2,812,000 | 2,780,000 | 2,748,000 | 2,423,000 | 2,432,000 |
| Working capital turnover | — | — | — | — | — |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $10,883,000K ÷ ($1,676,000K – $2,812,000K)
= —
For a comprehensive analysis of Ovintiv Inc's working capital turnover, we would require the specific values of working capital and net sales for each year indicated in the table. Working capital turnover is calculated by dividing net sales by average working capital. This ratio indicates how efficiently the company is using its working capital to generate sales.
Without the actual figures for working capital and net sales, it is not possible to calculate or interpret the working capital turnover ratio for Ovintiv Inc. To provide meaningful insight into the company's working capital management efficiency, we would need access to the financial statements or additional data for the relevant years.
It is essential to keep in mind that a high working capital turnover ratio generally suggests strong liquidity and efficient management of working capital. Conversely, a low ratio may indicate that the company is not effectively utilizing its working capital to generate sales. Analyzing trends in the working capital turnover over multiple years can provide valuable insights into the company's operational efficiency and financial health.
Peer comparison
Dec 31, 2023