Occidental Petroleum Corporation (OXY)

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	26,725,000	27,137,000	27,122,000	27,007,000	28,257,000	29,304,000	31,536,000	35,510,000	36,634,000	36,328,000	33,730,000	29,012,000	25,956,000	22,203,000	19,519,000	16,489,000	17,606,000	19,728,000	21,307,000	22,799,000
Total current assets	US$ in thousands	9,070,000	9,554,000	10,092,000	8,345,000	8,375,000	8,266,000	7,454,000	8,142,000	8,886,000	8,749,000	10,408,000	10,058,000	10,211,000	9,899,000	12,844,000	10,074,000	8,819,000	10,694,000	8,437,000	14,109,000
Total current liabilities	US$ in thousands	9,521,000	9,541,000	9,699,000	8,812,000	9,148,000	8,941,000	7,456,000	7,440,000	7,757,000	7,935,000	9,730,000	8,700,000	8,324,000	9,126,000	9,586,000	8,631,000	8,223,000	10,500,000	9,919,000	11,963,000
Working capital turnover		—	2,087.46	69.01	—	—	—	—	50.58	32.45	44.63	49.75	21.36	13.76	28.72	5.99	11.43	29.54	101.69	—	10.62

December 31, 2024 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $26,725,000K ÷ ($9,070,000K – $9,521,000K)
= —

Working capital turnover is a financial ratio that measures how efficiently a company utilizes its working capital to generate revenue. Typically, a higher working capital turnover indicates better efficiency in managing working capital.

For Occidental Petroleum Corporation, the working capital turnover fluctuated during the period from March 31, 2020, to December 31, 2024. The ratio was significant at 10.62 on March 31, 2020, showing that the company was generating revenue efficiently using its working capital.

There was missing data for June 30, 2020, and some quarters in 2023 and 2024, making it difficult to track the trend continuously. However, the ratio improved significantly to 101.69 on September 30, 2020, suggesting even higher efficiency in working capital management.

The ratio varied over the following quarters, indicating changes in the company's ability to convert working capital into revenue. Notably, the ratio dropped to 5.99 on June 30, 2021, and then rose to 49.75 on June 30, 2022, before falling again to 2,087.46 on September 30, 2024. Such fluctuations could be influenced by changes in the company's operations, sales, or management of working capital components.

Overall, monitoring Occidental Petroleum Corporation's working capital turnover can provide insights into the company's operational efficiency and effectiveness in utilizing its resources to drive revenue generation.