Permian Resources Corporation (PR)
Working capital turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,057,910 | 1,991,940 | 831,791 | 590,570 | 885,921 |
| Total current assets | US$ in thousands | 650,392 | 463,790 | 86,535 | 65,586 | 120,129 |
| Total current liabilities | US$ in thousands | 1,241,550 | 605,569 | 167,899 | 131,868 | 254,466 |
| Working capital turnover | — | — | — | — | — |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $3,057,910K ÷ ($650,392K – $1,241,550K)
= —
To calculate the working capital turnover for Permian Resources Corp, we need to use the formula:
Working Capital Turnover = Revenue / Average Working Capital
The working capital is calculated as current assets minus current liabilities.
Given that the working capital turnover figure is incomplete in the provided table, it is essential to have the revenue and working capital data for each of the years to compute this ratio accurately. Therefore, without this specific data, a detailed analysis of Permian Resources Corp's working capital turnover over the years cannot be provided.
It is recommended to gather the necessary financial information to calculate the working capital turnover and gain insights into how efficiently the company is managing its working capital to support its revenue generation.
Peer comparison
Dec 31, 2023