Permian Resources Corporation (PR)
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 | — | — | — | — | — | 457.19 | 12.02 | 8.04 | 7.09 | — | — | — | — | — | — | — | — | — | — | — |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | — | — | — | — | — | — | — | — | — | — | 42.18 | — | — | — | — | — | — | — | — | — |
Permian Resources Corporation's activity ratios provide insight into how efficiently the company manages its resources.
1. Inventory Turnover Ratio:
- The inventory turnover ratio for Permian Resources Corporation has shown improvement over the years, increasing from 7.09 in December 2022 to 457.19 in September 2023. This indicates that the company is selling inventory at a much faster rate in 2023 compared to 2022.
2. Receivables Turnover Ratio:
- The receivables turnover ratio data is not available for analysis, as the values are not provided for the period under review.
3. Payables Turnover Ratio:
- The payables turnover data is not available for analysis, as the values are not provided for the period under review.
4. Working Capital Turnover Ratio:
- The working capital turnover ratio shows that in June 2022, the company had a turnover of 42.18, indicating that for every dollar in working capital, Permian Resources generated $42.18 in revenue. However, data for other periods is not available for further analysis.
In conclusion, based on the available data, Permian Resources Corporation has shown significant improvements in its inventory turnover ratio, which may imply better management of inventory and potentially improved sales efficiency. However, without information on receivables, payables turnover, and working capital turnover for other periods, a comprehensive assessment of the company's overall activity efficiency cannot be made.
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 | — | — | — | — | — | 0.80 | 30.36 | 45.38 | 51.49 | — | — | — | — | — | — | — | — | — | — | — |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Permian Resources Corporation's Days of Inventory on Hand (DOH) ratio has shown a significant improvement over the period from December 31, 2022, to September 30, 2023, decreasing from 51.49 days to 0.80 days. This indicates that the company is managing its inventory efficiently, holding less inventory on hand. However, there is limited data available beyond September 2023 to assess the continued trend.
The Days of Sales Outstanding (DSO) ratio for Permian Resources Corporation is not provided in the data, with all values marked as N/A. As a result, it is not possible to analyze the efficiency of the company's accounts receivable management over the specified periods.
The Number of Days of Payables ratio for Permian Resources Corporation is also not provided in the data, with all values marked as N/A. Without this information, it is not possible to evaluate how long the company takes to pay its suppliers, which is crucial in understanding its payment practices and cash flow management.
In conclusion, based on the available data, Permian Resources Corporation has shown improvement in its inventory management efficiency. However, further information on accounts receivable and accounts payable would provide a more comprehensive analysis of the company's overall activity ratios and working capital management.
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 | — | — | — | — | — | 0.32 | 0.31 | 0.30 | 0.27 | 0.21 | 0.37 | 0.32 | 0.28 | 0.23 | 0.19 | — | — | — | — | — |
| Total asset turnover | 0.30 | 0.29 | 0.28 | 0.25 | 0.21 | 0.30 | 0.29 | 0.28 | 0.25 | 0.20 | 0.34 | 0.30 | 0.27 | 0.22 | 0.19 | 0.15 | 0.15 | 0.18 | 0.19 | 0.22 |
Permian Resources Corporation's fixed asset turnover ratio has shown an increasing trend from June 2021 to March 2023, indicating that the company is generating more revenue per dollar of fixed assets invested. However, the ratio dipped in September 2022 but recovered slightly by December 2022. It remained relatively stable in 2023 before tapering off in the latter half of the year.
On the other hand, Permian Resources Corporation's total asset turnover ratio fluctuated over the period, with peaks in March 2022 and December 2024. The ratio generally trended upwards from March 2020 to June 2022, indicating a more efficient use of total assets to generate revenue. However, there was a decline in the ratio in September 2022, followed by slight fluctuations in 2023 and a recovery in December 2024.
Overall, while the fixed asset turnover ratio showed growth followed by some volatility, the total asset turnover ratio demonstrated a more mixed performance with varied peaks and troughs. Both ratios provide insights into how effectively Permian Resources Corporation is utilizing its assets to generate revenue over the analyzed period.