Par Pacific Holdings Inc (PARR)

Activity ratios

Short-term

Turnover ratios

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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Inventory turnover 6.01 5.49 4.99 6.90 6.21 6.61 4.74 4.75 5.59 6.27 5.56 4.68 7.22 7.29 10.01 15.94 6.19 3.86 2.31 0.15
Receivables turnover 22.26 14.79 18.11 27.38 28.72 23.45 16.18 21.71 23.80 20.91 16.44 17.69 27.52 32.23 39.01 27.93 23.37 20.76 17.04 14.36
Payables turnover 17.83 12.97 17.64 34.11 42.72 30.12 21.92 15.35 28.57 24.36 21.73 19.87 29.01 28.07 38.47 52.74 23.49 18.21 9.06 0.81
Working capital turnover 17.58 32.76 59.02 20.20 82.78 399.64 — — — — — — — — — — — — — —

Par Pacific Holdings Inc's activity ratios provide insights into the efficiency of the company's operational activities.

- Inventory turnover has shown some fluctuations over the quarters but generally indicates that the company is managing its inventory efficiently. A higher turnover ratio suggests that inventory is moving quickly, which can reduce holding costs and minimize the risk of obsolete inventory.

- Receivables turnover has also varied across quarters, with Q1 2023 showing a significant decrease compared to the prior quarters. This ratio reflects how effectively the company is collecting on credit sales. A higher turnover indicates faster collection of receivables, which is favorable for cash flow management.

- Payables turnover has fluctuated as well, showing a decreasing trend from Q4 2022 to Q1 2023. A lower turnover ratio may suggest that the company is taking longer to pay its suppliers, which could impact relationship management and potentially indicate cash flow concerns.

- Working capital turnover has seen substantial fluctuations, with Q3 2022 and Q4 2022 showing exceptionally high values. This ratio reflects how efficiently the company is utilizing its working capital to generate sales. A higher turnover indicates that the company is effectively using its resources to drive revenue.

Overall, fluctuations in these activity ratios showcase the changing dynamics of Par Pacific Holdings Inc's operational efficiency and provide valuable insights for stakeholders and investors.

Average number of days

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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Days of inventory on hand (DOH) days 60.70 66.44 73.13 52.89 58.80 55.24 77.05 76.81 65.32 58.17 65.64 77.91 50.57 50.04 36.46 22.90 58.92 94.56 158.02 2,514.61
Days of sales outstanding (DSO) days 16.40 24.67 20.15 13.33 12.71 15.57 22.56 16.82 15.34 17.45 22.20 20.63 13.27 11.33 9.36 13.07 15.62 17.58 21.42 25.42
Number of days of payables days 20.47 28.15 20.70 10.70 8.54 12.12 16.65 23.78 12.77 14.99 16.80 18.37 12.58 13.00 9.49 6.92 15.54 20.04 40.27 449.21

Days of inventory on hand (DOH) reflects Par Pacific Holdings Inc's efficiency in managing its inventory. A decreasing trend in DOH over the quarters indicates that the company has been able to sell its inventory at a faster pace, which could imply effective inventory management or possibly increasing demand for its products.

Days of sales outstanding (DSO) measures the average number of days it takes for Par Pacific to collect payment after making a sale. The decreasing trend in DSO suggests that the company has been able to collect receivables more efficiently, improving its liquidity and cash flow position.

Number of days of payables indicates how long Par Pacific takes to pay its suppliers. The increasing trend in the number of days of payables suggests that the company has been able to extend its payment period to suppliers. This can be a positive sign of effectively managing working capital and potentially improving cash flow by taking advantage of trade credit terms.

Overall, a decrease in DOH and DSO, along with an increase in the number of days of payables, can be indicative of improved working capital management and operational efficiency for Par Pacific Holdings Inc over the quarters.

Long-term

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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Fixed asset turnover 7.61 7.25 6.75 9.27 8.90 8.22 7.24 6.07 5.57 4.79 4.00 3.15 3.32 3.99 4.73 5.59 5.56 5.01 4.52 3.97
Total asset turnover 2.12 2.01 2.02 2.28 2.21 2.17 1.85 1.75 1.81 1.62 1.37 1.10 1.44 1.65 2.01 2.50 1.98 1.82 1.62 1.43

Long-term activity ratios provide insight into how efficiently a company is utilizing its assets to generate sales. In the case of Par Pacific Holdings Inc, the fixed asset turnover ratio has been relatively stable over the past eight quarters, ranging from 6.06 to 9.21. The ratio indicates that, on average, the company generates approximately 6.06 to 9.21 times in sales for every dollar invested in fixed assets.

The total asset turnover ratio for Par Pacific Holdings Inc has also exhibited consistency, with values fluctuating between 1.77 and 2.30 over the same period. This ratio signifies that the company generates around 1.77 to 2.30 times in sales for every dollar of total assets it holds. Generally, a higher fixed asset turnover ratio is preferred as it indicates more efficient utilization of fixed assets to generate revenue.

Overall, based on the long-term activity ratios, Par Pacific Holdings Inc has been effectively managing its assets to drive sales growth, although there may be potential for further improvement in optimizing the utilization of both fixed and total assets.