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Pedevco Corp   (PED)
Other Ticker:  
 
    Sector  Energy    Industry Oil And Gas Production
   Industry Oil And Gas Production
   Sector  Energy

Pedevco 's Working Capital Ratio

PED's quarterly Working Capital Ratio and Current Assets, Current Liabilities growth


In the wake of the increase in Current Liabilities in the forth quarter 2023, Working Capital Ratio fell to 1.36 below Pedevco Corp average.

Within Oil And Gas Production industry 33 other companies have achieved higher Working Capital Ratio than Pedevco in forth quarter 2023. While Working Capital Ratio total ranking in the forth quarter 2023 has deteriorated compared to the prior quarter from 1269 to 1676.

Explain Working Capital Ratio
How much in Current Assets PEDīs has?
What is the value of PEDīs Current Liabilities?


PED Working Capital Ratio (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Current Liabilities Change 11.42 % 46.25 % -17.19 % -16.3 % 227.39 %
Y / Y Current Assets Change -19.94 % -36.9 % -40.57 % -22.86 % 14.52 %
Working Capital Ratio MRQ 1.36 3.58 5.45 3.51 1.89
PED's Total Ranking # 1676 # 1269 # 773 # 1435 # 2359
Seq. Current Liabilities Change 253.45 % 75.89 % -46.82 % -66.3 % 363.95 %
Seq. Current Assets Change 34.19 % 15.6 % -17.45 % -37.48 % 5.77 %



Working Capital Ratio forth quarter 2023 Company Ranking
Within: No.
Oil And Gas Production Industry # 34
Energy Sector # 56
Overall Market # 1676


Working Capital Ratio Statistics
High Average Low
8.3 2.1 0.02
(Sep 30 2022)   (Jun 30 2012)




Financial Statements
Pedevco 's Current Liabilities $ 19 Millions Visit PED's Balance sheet
Pedevco 's Current Assets $ 26 Millions Visit PED's Balance sheet
Source of PED's Sales Visit PED's Sales by Geography


Cumulative Pedevco 's Working Capital Ratio

PED's Working Capital Ratio for the trailling 12 Months

PED Working Capital Ratio

(Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Current Liabilities TTM Growth 11.42 % 46.25 % -17.19 % -16.3 % 227.39 %
Y / Y Current Assets TTM Growth -19.94 % -36.9 % -40.57 % -22.86 % 14.52 %
Working Capital Ratio TTM 2.47 2.83 3.37 3.68 3.74
Total Ranking TTM # 2190 # 3801 # 4021 # 4171 # 3666
Seq. Current Liabilities TTM Growth 253.45 % 75.89 % -46.82 % -66.3 % 363.95 %
Seq. Current Assets TTM Growth 34.19 % 15.6 % -17.45 % -37.48 % 5.77 %


On the trailing twelve months basis Due to in Current Liabilities in the IV Quarter 2023 to $18.90 millions, cumulative Working Capital Ratio decreased to 2.47 above the PED average Working Capital Ratio.
Working Capital Ratio is the average cumulative value over the last four quarters.

Among companies operating within Oil And Gas Production industry 67 other companies have achieved higher Working Capital Ratio than Pedevco . While Working Capital Ratio overall ranking has improved so far to 2190, from total ranking during the twelve months ending third quarter 2023 at 3801.

Explain Working Capital Ratio
How much in Current Assets PEDīs has?
What is the value of PEDīs Current Liabilities?

TTM Working Capital Ratio Company Ranking
Within: No.
Within the Oil And Gas Production Industry # 68
Energy Sector # 110
Within the Market # 2190


trailing twelve months Working Capital Ratio Statistics
High Average Low
6.73 2.02 0.31
(Sep 30 2021)   (Dec 31 2016)




Companies with similar Working Capital Ratio in the quarter ending Dec 31 2023, within Oil And Gas Production Industry Working Capital RatioDec 31 2023 MRQ Current AssetsDec 31 2023 MRQ Current Liabilities
Ncs Multistage Holdings Inc   3.22 $ 103.217  Millions$ 32.058  Millions
Mammoth Energy Services Inc   2.81 $ 496.925  Millions$ 176.782  Millions
Eog Resources Inc   2.65 $ 9,935.000  Millions$ 3,749.000  Millions
Nine Energy Service Inc   2.54 $ 183.633  Millions$ 72.409  Millions
Granite Ridge Resources Inc   2.44 $ 151.552  Millions$ 62.079  Millions
Tetra Technologies Inc   2.41 $ 282.015  Millions$ 116.861  Millions
Par Pacific Holdings Inc   2.32 $ 1,989.495  Millions$ 857.406  Millions
Oceaneering International Inc  2.30 $ 1,305.659  Millions$ 567.845  Millions
Select Water Solutions inc   2.15 $ 454.059  Millions$ 211.547  Millions
Halliburton Company  2.06 $ 11,543.000  Millions$ 5,608.000  Millions
Chesapeake Energy Corporation  1.99 $ 2,609.000  Millions$ 1,314.000  Millions
Ranger Energy Services inc   1.96 $ 135.400  Millions$ 69.000  Millions
Altex Industries Inc  1.90 $ 2.236  Millions$ 1.175  Millions
Magnolia Oil and Gas Corp  1.88 $ 591.273  Millions$ 314.887  Millions
Helix Energy Solutions Group inc   1.81 $ 697.841  Millions$ 385.956  Millions
Vaalco Energy Inc  1.79 $ 228.141  Millions$ 127.475  Millions
Klx Energy Services Holdings Inc   1.77 $ 290.300  Millions$ 164.100  Millions
Expro Group Holdings N v   1.74 $ 851.600  Millions$ 488.851  Millions
California Resources Corp  1.51 $ 929.000  Millions$ 616.000  Millions
Liberty Energy Inc   1.49 $ 954.254  Millions$ 639.424  Millions
Evolution Petroleum Corp  1.46 $ 21.148  Millions$ 14.527  Millions
Sm Energy Co  1.45 $ 916.439  Millions$ 633.812  Millions
Shell Plc  1.40 $ 134,115.000  Millions$ 95,467.000  Millions
Barnwell Industries inc   1.37 $ 9.123  Millions$ 6.645  Millions
Cenovus Energy Inc   1.37 $ 7,436.328  Millions$ 5,444.728  Millions
Pedevco Corp   1.36 $ 25.706  Millions$ 18.899  Millions
Northern Oil And Gas Inc   1.32 $ 509.407  Millions$ 385.761  Millions
Amplify Energy Corp   1.32 $ 98.183  Millions$ 74.487  Millions
Chord Energy Corporation  1.22 $ 1,424.551  Millions$ 1,165.459  Millions
W and t Offshore inc   1.22 $ 264.980  Millions$ 216.852  Millions

Date modified: 2024-03-18T19:41:53+00:00



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