Ovintiv Inc (OVV)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 9,152,000 | 10,661,000 | 12,464,000 | 8,658,000 | 6,087,000 |
| Total current assets | US$ in thousands | 1,369,000 | 1,676,000 | 1,695,000 | 1,587,000 | 1,247,000 |
| Total current liabilities | US$ in thousands | 2,681,000 | 2,812,000 | 2,780,000 | 2,748,000 | 2,423,000 |
| Working capital turnover | — | — | — | — | — |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $9,152,000K ÷ ($1,369,000K – $2,681,000K)
= —
Based on the provided data, it appears that the working capital turnover ratio for Ovintiv Inc has not been calculated or reported for the years ranging from December 31, 2020, to December 31, 2024. This lack of information on the working capital turnover ratio makes it challenging to assess the efficiency and effectiveness of the company in managing its working capital during these years.
The working capital turnover ratio measures how efficiently a company is utilizing its working capital to generate sales revenue. A higher turnover ratio typically indicates that the company is effectively using its working capital to support its operations and generate sales. On the other hand, a lower ratio may indicate inefficiencies in working capital management.
Without the specific values of the working capital turnover ratio for Ovintiv Inc for the years in question, it is difficult to provide a detailed analysis of the company's working capital management efficiency during this period. It would be beneficial for stakeholders to have access to this information to better understand how effectively the company is utilizing its working capital resources.
Peer comparison
Dec 31, 2024