Vital Energy Inc. (VTLE)
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 | 43.58 | 118.20 | 36.83 | 11.21 | 71.73 | 10.31 | 47.90 | 50.86 | 32.09 | 124.64 | — | — | 328.21 | 16.60 | 9.94 | 3.86 | 176.94 | 7.02 | 6.32 | 39.85 |
| Receivables turnover | 4.98 | 5.99 | 10.24 | 11.19 | 7.51 | 10.06 | 6.60 | 4.44 | 5.17 | 4.58 | 4.53 | 6.93 | 11.34 | 14.82 | 15.47 | 16.50 | 8.22 | 11.23 | 11.49 | 8.19 |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | — | 4.94 | — | — | — | — | — | — | — | — | — | — | — | 15.84 | 10.86 | 5.16 | 31.36 | 11.72 | 40.31 | — |
The inventory turnover ratio for Vital Energy Inc. fluctuated significantly over the periods, ranging from 3.86 to 328.21. This indicates varying efficiencies in managing and selling inventory. The highest turnover was seen in December 2020, while the lowest was in March 2020. Overall, the company has shown instances of rapid turnover, implying efficient sales and possibly lean inventory management.
The receivables turnover ratio also varied, with values ranging from 4.44 to 16.50. This ratio demonstrates how effectively the company collects outstanding receivables. The highest turnover was in March 2020, and the lowest was in December 2021. Generally, the company has maintained a moderate level of efficiency in collecting receivables over the periods.
There is no data available for the payables turnover ratio, thus hindering an assessment of the company's efficiency in paying suppliers.
The working capital turnover ratio had limited data points available, with values ranging from 5.16 to 40.31. This ratio reflects how well the company generates revenue from its working capital. The highest turnover was in June 2020, while the lowest was in December 2019. Further data points would be necessary to provide a more comprehensive analysis of Vital Energy Inc.'s operational efficiency in utilizing its working capital.
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 | 8.38 | 3.09 | 9.91 | 32.56 | 5.09 | 35.39 | 7.62 | 7.18 | 11.38 | 2.93 | — | — | 1.11 | 21.98 | 36.70 | 94.51 | 2.06 | 51.97 | 57.79 | 9.16 |
| Days of sales outstanding (DSO) | days | 73.23 | 60.93 | 35.66 | 32.62 | 48.62 | 36.27 | 55.33 | 82.20 | 70.60 | 79.64 | 80.59 | 52.65 | 32.19 | 24.63 | 23.59 | 22.12 | 44.42 | 32.51 | 31.77 | 44.56 |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Vital Energy Inc.'s activity ratios provide insights into the efficiency of the company's operations and management of its inventory, receivables, and payables.
1. Days of Inventory on Hand (DOH):
- The trend in DOH fluctuates significantly over the periods analyzed, ranging from as low as 2.06 days to as high as 94.51 days.
- Lower DOH values, such as observed in Q3 2021, Q1 2021, and Q3 2020, indicate faster inventory turnover and efficient inventory management.
- On the other hand, higher DOH values, like in Q4 2023 and Q2 2022, suggest slower inventory turnover, which could tie up capital and increase holding costs.
2. Days of Sales Outstanding (DSO):
- DSO also shows variance across the periods, ranging from 22.12 days to 82.20 days.
- Lower DSO values, like in Q1 2020 and Q2 2020, indicate quicker collection of receivables and efficient credit management.
- Higher DSO values, such as in Q4 2023 and Q3 2022, suggest delays in receiving payments, which could strain cash flow and increase credit risk.
3. Number of Days of Payables:
- The data for days of payables is missing for all periods, indicating that information on the payment period to suppliers is unavailable.
- Days of payables provide insights into how long the company takes to pay its suppliers, impacting cash flow and relationships with vendors.
In summary, analyzing Vital Energy Inc.'s activity ratios reveals fluctuations in inventory management, receivables collection, and lack of visibility on payables management. Monitoring and improving these ratios can help enhance operational efficiency, cash flow, and overall financial performance.
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 | 0.34 | 0.37 | 0.46 | 0.66 | 0.62 | 0.66 | 0.56 | 0.40 | 0.38 | 0.29 | 0.30 | 0.36 | 0.68 | 0.67 | 0.70 | — | 0.46 | 0.47 | 0.37 | 0.38 |
| Total asset turnover | 0.29 | 0.27 | 0.39 | 0.56 | 0.55 | 0.58 | 0.47 | 0.35 | 0.33 | 0.25 | 0.23 | 0.32 | 0.60 | 0.57 | 0.57 | 2.35 | 0.41 | 0.41 | 0.34 | 0.35 |
Vital Energy Inc.'s long-term activity ratios show the efficiency with which the company utilizes its assets to generate revenue. The fixed asset turnover ratio has been fluctuating over the periods, ranging from 0.29 to 0.68. This ratio indicates that for every dollar invested in fixed assets, the company generates revenue between 0.29 and 0.68 times.
The trend in the fixed asset turnover ratio suggests some variability in the utilization of fixed assets to generate sales. Higher ratios reflect better efficiency in asset utilization. It is worth noting that the ratio significantly increased in the first quarter of 2020, indicating a possible improvement in the company's efficiency in generating revenue from its fixed assets during that period.
The total asset turnover ratio has also shown variability, ranging from 0.23 to 2.35 over the periods analyzed. This ratio indicates the company's ability to generate sales with respect to its total assets. A higher ratio suggests better efficiency in generating revenue from all assets.
The total asset turnover ratio peaked in the first quarter of 2020, showing that the company generated significantly more sales relative to its total assets during that period. This spike could be a result of various factors such as increased sales volume, improved asset utilization, or changes in the asset base.
In conclusion, while the fixed asset turnover ratio fluctuates, the total asset turnover ratio displays significant variability, indicating different levels of efficiency in asset utilization across the periods analyzed. Further analysis and comparison with industry benchmarks may provide more insights into Vital Energy Inc.'s long-term activity performance.