Vital Energy Inc. (VTLE)

Working capital turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	1,491,170	1,495,400	820,641	661,355	855,625
Total current assets	US$ in thousands	370,919	245,791	235,857	136,590	200,479
Total current liabilities	US$ in thousands	595,589	415,276	526,913	197,595	170,896
Working capital turnover		—	—	—	—	28.92

December 31, 2023 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $1,491,170K ÷ ($370,919K – $595,589K)
= —

Based on the data provided, the working capital turnover for Vital Energy Inc. has not been calculated for the years 2020, 2021, 2022, or 2023. However, in 2019, the working capital turnover was 28.92 times.

The working capital turnover ratio measures how efficiently a company utilizes its working capital to generate sales revenue. A high working capital turnover ratio indicates that the company is effectively managing its working capital in relation to its sales.

Without data for the recent years, it is challenging to assess Vital Energy Inc.'s current working capital turnover performance or its trend over time. Further analysis, incorporating additional financial information, would be needed to evaluate the company's efficiency in managing its working capital effectively.