Ovintiv Inc (OVV)
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 | 9,232,000 | 9,866,000 | 10,191,000 | 10,494,000 | 10,539,000 | 10,929,000 | 11,829,000 | 13,048,000 | 12,464,000 | 12,591,000 | 10,831,000 | 8,787,000 | 8,658,000 | 6,847,000 | 6,248,000 | 5,282,000 | 6,087,000 | 6,124,000 | 6,805,000 | 8,134,000 |
| Total current assets | US$ in thousands | 1,369,000 | 1,507,000 | 1,400,000 | 1,452,000 | 1,676,000 | 1,581,000 | 1,479,000 | 1,395,000 | 1,695,000 | 1,702,000 | 2,030,000 | 2,168,000 | 1,587,000 | 1,328,000 | 1,443,000 | 1,239,000 | 1,247,000 | 1,219,000 | 1,474,000 | 2,241,000 |
| Total current liabilities | US$ in thousands | 2,681,000 | 2,892,000 | 3,200,000 | 2,783,000 | 2,812,000 | 3,543,000 | 3,310,000 | 2,632,000 | 2,780,000 | 3,309,000 | 3,991,000 | 3,983,000 | 2,748,000 | 3,351,000 | 3,366,000 | 3,461,000 | 2,423,000 | 1,749,000 | 1,653,000 | 2,160,000 |
| Working capital turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 100.42 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $9,232,000K ÷ ($1,369,000K – $2,681,000K)
= —
The working capital turnover ratio for Ovintiv Inc as of March 31, 2020, stands at 100.42. This ratio indicates how efficiently the company is utilizing its working capital to generate sales revenue during that period.
However, the data shows that there are no values available for the working capital turnover ratio for the subsequent quarters up to December 31, 2024. This lack of data for the following periods limits our ability to assess the trend and changes in Ovintiv Inc's working capital turnover over time.
To provide a more comprehensive analysis and insights into Ovintiv Inc's working capital turnover, it would be necessary to have data points for additional periods to observe any patterns or fluctuations in the company's efficiency in utilizing its working capital.
Peer comparison
Dec 31, 2024