PBF Energy Inc (PBF)

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 33,117,900 34,844,200 37,188,300 37,613,300 38,256,600 39,942,800 41,879,800 46,732,000 46,517,300 43,892,800 38,415,600 31,236,900 27,018,800 22,417,400 18,848,000 14,952,300 15,313,300 17,992,600 20,860,300 24,498,100
Total current assets US$ in thousands 4,543,900 5,109,300 6,047,000 5,822,000 6,596,600 6,920,700 6,304,700 5,866,700 6,546,300 6,571,900 7,332,300 6,379,600 5,199,200 5,486,500 5,266,500 4,854,800 3,867,400 3,312,600 3,387,100 2,309,700
Total current liabilities US$ in thousands 3,626,100 3,825,500 4,255,500 3,781,200 4,217,300 4,392,700 4,302,400 4,596,800 5,200,700 5,423,900 6,772,800 5,085,700 3,759,700 4,199,600 3,751,000 3,399,300 2,451,500 1,955,900 2,037,200 2,045,900
Working capital turnover 36.08 27.14 20.76 18.43 16.08 15.80 20.92 36.80 34.57 38.23 68.66 24.14 18.77 17.42 12.44 10.27 10.82 13.26 15.45 92.87

December 31, 2024 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $33,117,900K ÷ ($4,543,900K – $3,626,100K)
= 36.08

The working capital turnover ratio for PBF Energy Inc has fluctuated over the reported periods. The ratio measures how efficiently the company is utilizing its working capital to generate sales revenue. A higher turnover indicates a more efficient use of working capital.

From March 31, 2020, to June 30, 2020, there was a significant decrease in the working capital turnover from 92.87 to 15.45, suggesting a possible decline in sales relative to the level of working capital. This trend continued through September 30, 2020, where the ratio dropped to 13.26. The company may have experienced challenges in managing its working capital during this time.

Subsequently, there was a slight increase in the turnover ratio, reaching 18.77 by December 31, 2021. This improvement continued into March 31, 2022, with the ratio peaking at 24.14, indicating better efficiency in utilizing working capital to generate revenue.

However, from June 30, 2022, to September 30, 2024, the turnover ratio fluctuated within a range of 20.92 to 27.14. This suggests some volatility in the company's working capital management efficiency during these periods.

Overall, the working capital turnover ratio for PBF Energy Inc has exhibited variability, showcasing both improvements and challenges in effectively utilizing working capital to drive sales revenue over the reported periods. Further analysis and context regarding the company's operational activities and financial strategies would be necessary to fully interpret the implications of these fluctuations.