American Electric Power Company Inc (AEP)

Working capital turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	18,982,300	19,639,500	16,792,000	14,918,500	15,561,400
Total current assets	US$ in thousands	6,082,100	6,775,500	7,809,200	4,351,500	4,077,800
Total current liabilities	US$ in thousands	11,583,600	13,266,300	12,426,700	9,926,700	10,299,100
Working capital turnover		—	—	—	—	—

December 31, 2023 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $18,982,300K ÷ ($6,082,100K – $11,583,600K)
= —

To calculate American Electric Power Company Inc.'s working capital turnover, we need the relevant financial data to derive the formula:

\[ \text{Working Capital Turnover} = \dfrac{\text{Revenue}}{\text{Average Working Capital}} \]

Without the specific figures for Revenue and Working Capital for each year (2020 to 2023), we are unable to compute the working capital turnover ratio for American Electric Power Company Inc. As a result, a comprehensive analysis of the working capital turnover trend over the mentioned years cannot be provided.

To further assess the company's efficiency in utilizing its working capital to generate sales, access to the current assets and current liabilities on the balance sheet for the corresponding years is indispensable. Analyzing the working capital turnover ratio over multiple years could offer insights into the company's operational effectiveness and potential changes in its liquidity management strategies.