Permian Resources Corporation (PR)

Working capital turnover

		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
Revenue (ttm)	US$ in thousands	3,057,913	2,469,675	2,605,710	2,421,325	1,991,938	1,668,516	1,195,238	912,722	831,791	599,221	499,783	546,233	590,570	724,432	810,256	855,473	885,921	861,059	864,502	861,091
Total current assets	US$ in thousands	650,392	565,190	426,037	443,995	463,790	445,764	349,879	189,434	86,535	109,546	100,342	87,009	65,586	64,509	77,628	73,730	120,129	161,176	160,012	214,408
Total current liabilities	US$ in thousands	1,241,550	760,011	722,724	681,998	605,569	615,766	316,101	299,727	167,899	228,536	220,879	194,191	131,868	120,705	157,861	239,045	254,466	287,488	301,583	274,435
Working capital turnover		—	—	—	—	—	—	35.39	—	—	—	—	—	—	—	—	—	—	—	—	—

December 31, 2023 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $3,057,913K ÷ ($650,392K – $1,241,550K)
= —

Permian Resources Corp's working capital turnover ratio for Q2 2022 was 42.18 times. This indicates that the company generated $42.18 in revenue for every $1 of working capital invested during that period. Unfortunately, the absence of data for the other quarters in 2023 and 2022 makes it difficult to track the trend in the efficiency of utilizing working capital to generate sales. A higher turnover ratio generally signifies better management of working capital and efficient operations, while a lower ratio could indicate inefficiencies in managing working capital. Further historical data and industry benchmarks would be beneficial to assess the company's overall performance in this aspect.