Par Pacific Holdings Inc (PARR)

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 7,974,460 8,325,750 8,761,130 8,527,590 8,231,960 7,857,330 7,334,300 7,656,700 7,321,780 6,806,420 6,060,510 5,171,700 4,710,090 4,132,075 3,511,686 2,809,467 3,124,867 3,808,492 4,520,151 5,414,260
Total current assets US$ in thousands 191,921 1,767,180 1,976,360 1,858,510 1,989,500 2,177,750 1,893,350 1,948,720 1,881,840 1,738,560 1,851,360 1,463,760 1,130,170 1,051,570 1,030,680 976,738 636,469 749,126 719,765 612,515
Total current liabilities US$ in thousands 1,096,270 1,045,650 1,211,050 1,447,760 1,524,600 1,939,590 1,769,950 1,572,360 1,794,090 1,721,680 2,109,940 1,828,620 1,355,790 1,295,240 1,369,690 1,190,670 878,680 875,703 806,570 727,875
Working capital turnover — 11.54 11.45 20.76 17.71 32.99 59.44 20.34 83.44 403.22 — — — — — — — — — —

December 31, 2024 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $7,974,460K ÷ ($191,921K – $1,096,270K)
= —

The working capital turnover ratio for Par Pacific Holdings Inc has shown fluctuating values over the analyzed period. From September 30, 2022, to December 31, 2024, the working capital turnover ratio declined from 403.22 to 11.54. This sharp decrease indicates a decreasing efficiency in utilizing working capital to generate revenues.

The ratio remained unchanged at zero for the period up to March 31, 2023, and then started to increase gradually, reaching a peak of 59.44 on June 30, 2023. However, the efficiency deteriorated again in subsequent quarters, dropping to 11.45 by June 30, 2024.

The declining trend in the working capital turnover ratio implies that the company may be struggling to efficiently manage its working capital to support business operations and drive sales. This could indicate potential issues with inventory management, accounts receivable, or accounts payable, impacting the overall financial performance and liquidity of Par Pacific Holdings Inc.