Occidental Petroleum Corporation (OXY)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 26,725,000 | 28,257,000 | 36,634,000 | 25,956,000 | 17,809,000 |
| Total current assets | US$ in thousands | 9,070,000 | 8,375,000 | 8,886,000 | 10,211,000 | 8,819,000 |
| Total current liabilities | US$ in thousands | 9,521,000 | 9,148,000 | 7,757,000 | 8,324,000 | 8,223,000 |
| Working capital turnover | — | — | 32.45 | 13.76 | 29.88 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $26,725,000K ÷ ($9,070,000K – $9,521,000K)
= —
The working capital turnover ratio provides insight into how efficiently Occidental Petroleum Corporation is utilizing its working capital to generate revenue.
Analyzing the trend over the years, we observe a fluctuating pattern. In December 31, 2020, the company had a working capital turnover ratio of 29.88, indicating that for every dollar invested in working capital, the company generated $29.88 in revenue. This value decreased significantly to 13.76 by December 31, 2021, suggesting a potential decline in efficiency in utilizing working capital to generate sales.
However, there was a notable increase in the ratio to 32.45 by December 31, 2022, indicating a positive turnaround in the efficiency of working capital utilization. The absence of data for December 31, 2023, and December 31, 2024, makes it challenging to assess the current trend accurately.
Overall, the company's working capital turnover ratio shows variability, signifying fluctuations in its operational efficiency in terms of converting working capital into revenue. Further analysis and contextual information would be needed to understand the reasons behind these fluctuations and evaluate the company's financial performance effectively.
Peer comparison
Dec 31, 2024