PBF Energy Inc (PBF)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 33,117,900 | 38,256,600 | 46,517,300 | 27,018,800 | 15,313,300 |
| Total current assets | US$ in thousands | 4,543,900 | 6,596,600 | 6,546,300 | 5,199,200 | 3,867,400 |
| Total current liabilities | US$ in thousands | 3,626,100 | 4,217,300 | 5,200,700 | 3,759,700 | 2,451,500 |
| Working capital turnover | 36.08 | 16.08 | 34.57 | 18.77 | 10.82 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $33,117,900K ÷ ($4,543,900K – $3,626,100K)
= 36.08
The working capital turnover of PBF Energy Inc has shown significant fluctuations over the past five years. In December 31, 2020, the working capital turnover was 10.82, indicating that for every dollar of working capital, the company generated $10.82 of revenue. This ratio increased to 18.77 by December 31, 2021, suggesting improved efficiency in utilizing its working capital.
By December 31, 2022, the working capital turnover surged to 34.57, reflecting a substantial increase in the company's ability to generate revenue from its working capital. However, there was a notable decline to 16.08 by December 31, 2023, indicating a decrease in efficiency in utilizing working capital to generate revenue.
The most recent data point, as of December 31, 2024, shows a significant improvement in the working capital turnover, reaching 36.08. This indicates that the company has regained efficiency in utilizing its working capital to generate revenue.
Overall, the trend in the working capital turnover of PBF Energy Inc displays variability over the years, with periods of improvement and decline. It is crucial for the company to consistently monitor and manage its working capital efficiency to sustain healthy financial performance.
Peer comparison
Dec 31, 2024