Vital Energy Inc. (VTLE)

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	1,491,174	1,197,050	1,470,610	1,645,783	1,495,182	1,639,176	1,357,310	948,273	844,278	562,119	410,399	469,362	863,451	893,508	1,069,249	1,247,510	927,670	924,835	880,272	880,711
Total current assets	US$ in thousands	370,919	814,208	242,929	229,666	245,791	248,061	373,963	302,352	235,857	194,547	302,817	138,089	136,590	199,513	256,259	427,296	200,479	224,732	192,515	172,730
Total current liabilities	US$ in thousands	595,589	571,702	433,745	391,507	415,276	527,273	799,376	775,502	526,913	574,811	489,675	292,243	197,595	143,108	157,789	185,684	170,896	145,817	170,678	203,622
Working capital turnover		—	4.94	—	—	—	—	—	—	—	—	—	—	—	15.84	10.86	5.16	31.36	11.72	40.31	—

December 31, 2023 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,491,174K ÷ ($370,919K – $595,589K)
= —

The working capital turnover of Vital Energy Inc. has been fluctuating over the past few quarters. In the most recent quarter, ending on September 30, 2023, the working capital turnover was calculated at 4.94. This indicates that the company generated $4.94 in revenue for every dollar invested in working capital during that period.

The significant increase from the previous quarter on June 30, 2023, where the ratio was not available, suggests that Vital Energy improved its efficiency in utilizing working capital to generate revenue. However, the lack of data for some quarters limits a comprehensive trend analysis.

Looking back, the working capital turnover was notably high in March 2020 and December 2019, at 31.36 and 40.31, respectively. This indicates that during those periods, the company was highly efficient in generating revenue relative to its working capital investment.

Further analysis and comparison with industry benchmarks would provide a better understanding of Vital Energy Inc.'s working capital management efficiency and its potential impact on overall financial performance.