Atlas Energy Solutions Inc. (AESI)
Working capital turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | ||
|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,012,332 | 918,549 | 770,235 |
| Total current assets | US$ in thousands | 289,418 | 316,513 | 365,156 |
| Total current liabilities | US$ in thousands | 243,065 | 258,172 | 239,333 |
| Working capital turnover | 21.84 | 15.74 | 6.12 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,012,332K ÷ ($289,418K – $243,065K)
= 21.84
The working capital turnover ratio for Atlas Energy Solutions Inc. has shown a significant increase over the periods indicated in the data. In June 30, 2024, the ratio was 6.12, which indicates that the company generated $6.12 for every dollar of working capital. However, by September 30, 2024, the ratio had notably improved to 15.74, reflecting a more efficient management of working capital to generate revenue.
By the end of December 31, 2024, the working capital turnover ratio surged to 21.84, reaching the highest level in the data provided. This suggests that the company has been able to generate $21.84 of revenue for each dollar of working capital employed. Such a high ratio indicates that Atlas Energy Solutions Inc. is effectively utilizing its working capital to support its operations and generate sales.
Overall, the increasing trend in the working capital turnover ratio indicates that Atlas Energy Solutions Inc. has been improving its efficiency in managing working capital and converting it into revenue, which is a positive sign for the company's financial health and operational effectiveness.
Peer comparison
Dec 31, 2024