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PrimeEnergy Corporation
NASDAQ PNRG
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PrimeEnergy Corporation Payables Turnover 3 year CAGR for the year ending December 31, 2023: -10.16%
PrimeEnergy Corporation Payables Turnover 3 year CAGR is -10.16% for the year ending December 31, 2023, a 49.72% change year over year. Payables turnover measures the efficiency with which a company manages its accounts payable. It is calculated by dividing the cost of revenue by the accounts payable. This ratio indicates how quickly a company pays off its obligations to suppliers and vendors. A higher turnover suggests that the company is efficiently managing its accounts payable, while a lower ratio may indicate a slower payment process or potential liquidity issues. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.
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PrimeEnergy Corporation Payables Turnover for the year ending December 31, 2022 was 6.72, a -25.50% change year over year.
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PrimeEnergy Corporation Payables Turnover for the year ending December 31, 2021 was 9.02, a -21.81% change year over year.
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PrimeEnergy Corporation Payables Turnover for the year ending December 31, 2020 was 11.54, a -12.77% change year over year.
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PrimeEnergy Corporation Payables Turnover for the year ending December 31, 2019 was 13.23, a 41.70% change year over year.
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NASDAQ: PNRG
| CEO | Mr. Charles E. Drimal Jr. |
| IPO Date | Aug. 18, 1995 |
| Location | United States |
| Headquarters | 9821 Katy Freeway, Houston, TX, United States, 77024 |
| Employees | 115 |
| Sector | Energy |
| Industry | Oil & gas e&p |
Description
PrimeEnergy Resources Corporation, through its subsidiaries, engages in acquisition, development, and production of oil and natural gas properties in the United States. The company owns leasehold, mineral, and royalty interests in producing and non-producing oil and gas properties; and operates approximately 534 active wells and owns non-operating interests and royalties in 952 additional wells. It also acquires producing oil and gas properties through joint ventures with industry partners; and provides contract services to third parties, including well-servicing support, site-preparation, and construction services for oil and gas drilling and reworking operations. The company was formerly known as PrimeEnergy Corporation and changed its name to PrimeEnergy Resources Corporation in December 2018. PrimeEnergy Resources Corporation was incorporated in 1973 and is headquartered in Houston, Texas.
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