Permian Resources Corporation (PR)
Cash conversion cycle
| 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Cash conversion cycle | days | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.80 | 30.36 | 45.38 | 51.49 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= — + — – —
= 0.00
Permian Resources Corporation's cash conversion cycle has exhibited a consistent trend of being at 0 days for most of the periods analyzed, indicating efficient management of working capital during these periods. However, towards the end of December 2022, there was a significant increase to 51.49 days, suggesting a potential delay in converting resources into cash during that period. This spike was followed by a decrease in the cash conversion cycle to 45.38 days in March 2023 and a further reduction to 30.36 days in June 2023, indicating an improvement in the efficiency of the company's cash conversion process.
Subsequently, there was a significant decline in the cash conversion cycle to 0.80 days in September 2023, suggesting a remarkable efficiency in converting inputs into cash during that quarter. The trend continued with the cash conversion cycle remaining at 0 days for the subsequent periods analyzed up to December 31, 2024, indicating continued efficiency in managing working capital during those periods.
Overall, Permian Resources Corporation has demonstrated an ability to efficiently manage its cash conversion cycle for the majority of the periods analyzed, with occasional fluctuations that may require closer monitoring and management to maintain optimal working capital efficiency.
Peer comparison
Dec 31, 2024