ProPetro Holding Corp (PUMP)

Working capital turnover

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Revenue US$ in thousands 1,444,290 1,630,400 1,279,700 874,514 789,232
Total current assets US$ in thousands 3,664 310,809 328,785 251,064 167,726
Total current liabilities US$ in thousands 222,266 271,149 284,180 173,785 104,163
Working capital turnover — 41.11 28.69 11.32 12.42

December 31, 2024 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $1,444,290K ÷ ($3,664K – $222,266K)
= —

The working capital turnover ratio is a measure of how efficiently a company is using its working capital to generate revenue. In the case of ProPetro Holding Corp, the working capital turnover has shown an increasing trend over the years, starting at 12.42 in December 2020 and reaching 41.11 by December 2023. This indicates that the company has been able to generate more revenue using its working capital more efficiently over this period.

However, it is worth noting that the data is not available for December 31, 2024, as indicated by the symbol "—". This missing data point prevents a comprehensive analysis of the most recent performance in terms of working capital turnover. Overall, the increasing trend in the working capital turnover ratio for ProPetro Holding Corp from 2020 to 2023 suggests improved efficiency in utilizing its working capital to support its business operations and generate revenue.