Par Pacific Holdings Inc (PARR)
Activity ratios
Short-term
Turnover ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 6.89 | 7.37 | 6.52 | 6.93 | 5.90 | 5.48 | 4.98 | 6.90 | 6.21 | 6.62 | 4.75 | 4.77 | 5.61 | 6.28 | 5.57 | 4.69 | 7.07 | 7.19 | 9.89 | 15.77 |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | — | 11.54 | 11.45 | 20.76 | 17.71 | 32.99 | 59.44 | 20.34 | 83.44 | 403.22 | — | — | — | — | — | — | — | — | — | — |
The inventory turnover ratio of Par Pacific Holdings Inc has fluctuated over the period from March 31, 2020, to December 31, 2024. It started at a relatively high level of 15.77 times in March 2020 but gradually decreased to 6.89 times by December 31, 2024, indicating that the company was selling its inventory less frequently towards the end of the period.
On the other hand, the receivables turnover ratio and payables turnover ratio were not provided for any period within the data, making it difficult to assess the efficiency of the company in collecting receivables and managing payables during the stated period.
In terms of working capital turnover, the data shows a significant increase in efficiency from September 30, 2022, to June 30, 2023, with a notable ratio of 403.22 times dropping to 20.34 times. This indicates that the company was able to generate a higher level of sales revenue relative to its working capital during this period. However, the working capital turnover ratio fluctuated in the subsequent periods, suggesting varying levels of efficiency in utilizing working capital to drive sales.
Overall, the analysis of Par Pacific Holdings Inc's activity ratios highlights fluctuations in inventory turnover and working capital turnover over the period provided. The lack of data for receivables turnover and payables turnover limits a comprehensive assessment of the company's effectiveness in managing its accounts receivable and accounts payable.
Average number of days
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 52.94 | 49.50 | 55.95 | 52.66 | 61.86 | 66.61 | 73.28 | 52.89 | 58.73 | 55.14 | 76.87 | 76.59 | 65.08 | 58.13 | 65.55 | 77.78 | 51.65 | 50.76 | 36.91 | 23.14 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Based on the provided data, we can analyze the activity ratios of Par Pacific Holdings Inc as follows:
1. Days of Inventory on Hand (DOH):
- Par Pacific Holdings Inc's days of inventory on hand have shown some fluctuation over the periods provided, ranging from a low of 23.14 days to a high of 77.78 days.
- A lower DOH indicates that the company is managing its inventory efficiently, while a higher DOH suggests slower inventory turnover and potential excess inventory levels.
- The recent trend shows a decrease in DOH from 76.87 days in June 2022 to 52.66 days in March 2024, indicating a more efficient management of inventory in recent periods.
2. Days of Sales Outstanding (DSO):
- Unfortunately, DSO data is not provided in the dataset, preventing us from analyzing the efficiency of Par Pacific Holdings Inc in collecting its accounts receivable within a specific time frame. A lower DSO generally indicates more efficient revenue collection.
3. Number of Days of Payables:
- Similarly, data on the number of days of payables is not available in the dataset, and therefore, we are unable to assess the company's efficiency in paying its suppliers within a specific timeframe. A longer period of payables may indicate better cash flow management, but could also signal strained relationships with suppliers.
In summary, based on the available data, Par Pacific Holdings Inc seems to have made some improvements in managing its inventory levels, but a comprehensive analysis of activity ratios would require additional information on the company's accounts receivable and payables management practices.
Long-term
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | — | — | — | — | — | 5.54 | 5.16 | — | 6.17 | 5.90 | 5.17 | 4.20 | 3.80 | 3.26 | 2.72 | 2.13 | 2.42 | 2.89 | 3.40 | 5.65 |
| Total asset turnover | 2.08 | 2.16 | 2.23 | 2.26 | 2.13 | 2.02 | 2.03 | 2.30 | 2.23 | 2.19 | 1.87 | 1.77 | 1.83 | 1.64 | 1.39 | 1.12 | 1.46 | 1.68 | 2.03 | 2.53 |
The fixed asset turnover ratio for Par Pacific Holdings Inc has shown a fluctuating trend over the years, starting at 5.65 in March 2020 and decreasing to 2.13 in March 2021 before gradually increasing again to reach 5.54 in September 2023. However, there was a slight drop to 5.16 in June 2023. This ratio measures the efficiency of the company in generating sales from its fixed assets, and the increasing trend generally indicates improved asset utilization.
On the other hand, the total asset turnover ratio, which reflects overall asset efficiency, started at 2.53 in March 2020, dipped to 1.12 in March 2021, and then began to recover. The ratio increased steadily until December 2023, reaching 2.13, before a slight decline to 2.08 by December 2024. A higher total asset turnover ratio indicates better utilization of all assets to generate sales.
It is important for investors and analysts to closely monitor these long-term activity ratios as they provide insights into the company's operational efficiency, asset management, and overall financial health.