Atlas Energy Solutions Inc. (AESI)

Working capital turnover

		Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023
Revenue (ttm)	US$ in thousands	918,549	770,235
Total current assets	US$ in thousands	316,513	365,156	425,497	318,686	401,524
Total current liabilities	US$ in thousands	258,172	239,333	190,125	92,592	100,559
Working capital turnover		15.74	6.12

September 30, 2024 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $918,549K ÷ ($316,513K – $258,172K)
= 15.74

The working capital turnover ratio for Atlas Energy Solutions Inc. has shown significant improvement over the past two quarters. In September 2024, the working capital turnover ratio was 15.74, indicating that the company generated $15.74 in revenue for every dollar of working capital invested. This represents a substantial increase from the ratio of 6.12 in June 2024.

The increasing trend in the working capital turnover ratio suggests that Atlas Energy Solutions Inc. is effectively managing its working capital to generate sales. A higher turnover ratio indicates that the company is efficiently using its current assets to support its operations and generate revenue.

Overall, the improvement in the working capital turnover ratio reflects positively on the company's operational efficiency and effectiveness in utilizing its working capital resources to drive business activities and generate revenue.