Permian Resources Corporation (PR)
Activity ratios
Short-term
Turnover ratios
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | — | 89.34 | 3.37 | 2.35 | 2.39 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables turnover | 6.47 | 7.32 | 8.80 | 8.45 | 7.49 | 7.38 | 8.44 | 6.92 | 11.67 | 6.00 | 5.58 | 7.74 | 10.82 | 14.11 | 12.64 | 13.60 | 8.69 | 6.09 | 7.11 | 7.55 |
| Payables turnover | 3.13 | 2.34 | 2.88 | 1.87 | 4.68 | 1.31 | 3.11 | 3.08 | 13.00 | 7.02 | 9.16 | 9.31 | 151.35 | 71.37 | 82.51 | 13.97 | 7.35 | 3.57 | 2.72 | 3.16 |
| Working capital turnover | — | — | — | — | — | — | 35.39 | — | — | — | — | — | — | — | — | — | — | — | — | — |
The data provided for Permian Resources Corp's activity ratios shows fluctuations in the company's operational efficiency over the past eight quarters.
- Inventory turnover: The data for this ratio is not available for any of the quarters, indicating a lack of information on how quickly the company is selling its inventory.
- Receivables turnover: There is a varying trend in this ratio, with values ranging from 6.49 to 8.24 in the most recent quarters. This suggests that Permian Resources Corp is collecting its receivables relatively quickly, with a higher turnover indicating more efficient management of accounts receivable.
- Payables turnover: The data shows a consistent value of 0.00 for all quarters, indicating that there is no information available on how quickly the company pays its suppliers.
- Working capital turnover: Again, the data is not available for the majority of quarters, except for Q2 2022 where a high turnover of 42.18 was recorded. This indicates that in that particular quarter, Permian Resources Corp efficiently utilized its working capital to generate revenue.
Overall, the analysis of activity ratios for Permian Resources Corp reveals gaps in data for inventory turnover and payables turnover, limiting a comprehensive assessment of the company's operational efficiency. However, the data available suggests that the company has been relatively efficient in managing its receivables, with varying levels of turnover observed over the quarters.
Average number of days
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | 4.09 | 108.26 | 155.25 | 152.80 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Days of sales outstanding (DSO) | days | 56.44 | 49.83 | 41.47 | 43.20 | 48.71 | 49.44 | 43.24 | 52.72 | 31.29 | 60.82 | 65.43 | 47.16 | 33.72 | 25.87 | 28.87 | 26.83 | 41.99 | 59.90 | 51.32 | 48.37 |
| Number of days of payables | days | 116.73 | 155.70 | 126.52 | 195.24 | 77.98 | 278.55 | 117.26 | 118.37 | 28.08 | 52.00 | 39.86 | 39.19 | 2.41 | 5.11 | 4.42 | 26.13 | 49.63 | 102.15 | 134.40 | 115.67 |
Permian Resources Corp's days of sales outstanding (DSO) has shown some fluctuations over the past 8 quarters. In Q4 2023, the DSO increased to 56.26 days, indicating that it took the company roughly 56 days to collect its accounts receivable. This is higher compared to the previous quarter and the same quarter last year.
Furthermore, the DSO has been trending upwards since Q2 2022, where it was at its lowest level of 36.27 days. This suggests that the company may be experiencing challenges in collecting receivables efficiently, which could lead to potential cash flow issues.
However, it is important to note that data for days of inventory on hand (DOH) and number of days of payables are not provided, making it difficult to assess the overall efficiency of Permian Resources Corp's working capital management.
In conclusion, the company should closely monitor and work towards improving its accounts receivable turnover to ensure better liquidity and cash flow in the future.
Long-term
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | 70.06 | 62.89 | 67.28 | 148.60 | 131.28 | 112.46 | 90.78 | 77.52 | 74.29 | 51.91 | 42.23 | 44.92 | 46.69 | 54.39 | 58.86 | 60.08 | 60.63 | 58.18 | 74.65 | 87.32 |
| Total asset turnover | 0.20 | 0.27 | 0.29 | 0.28 | 0.23 | 0.19 | 0.28 | 0.23 | 0.22 | 0.15 | 0.13 | 0.14 | 0.15 | 0.18 | 0.20 | 0.21 | 0.19 | 0.19 | 0.19 | 0.19 |
Permian Resources Corp's long-term activity ratios, specifically the fixed asset turnover and total asset turnover, show fluctuations throughout the quarters.
The fixed asset turnover ratio measures the efficiency of the company in generating sales from its fixed assets. In Q4 2023, the ratio was 0.22, indicating that for every dollar invested in fixed assets, the company generated $0.22 in sales. The ratio improved in Q3 and Q2 2023, reaching 0.33 and 0.31, respectively, before declining slightly to 0.30 in Q1 2023. This suggests that Permian Resources Corp's fixed assets were more effectively utilized in generating revenue in the middle of the year compared to the beginning and end of the year.
On the other hand, the total asset turnover ratio measures how efficiently the company is using its total assets to generate revenue. Similar to the fixed asset turnover, there were fluctuations in this ratio as well. In Q4 2023, the total asset turnover was 0.21, indicating that the company generated $0.21 in sales for every dollar of total assets. The ratio improved gradually over Q3, Q2, and Q1 2023, reaching 0.30 in the first quarter. This suggests that Permian Resources Corp became more efficient in utilizing its total assets to generate revenue throughout the year.
Overall, while both ratios fluctuated quarter-to-quarter, it is essential for Permian Resources Corp to closely monitor and manage its asset utilization efficiency to ensure sustainable revenue generation from its fixed and total assets in the long term.