Atmos Energy Corporation (ATO)

Working capital turnover

		Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019
Revenue	US$ in thousands	4,275,360	4,201,660	3,407,490	2,821,140	2,901,850
Total current assets	US$ in thousands	885,768	3,047,690	2,838,720	471,258	458,031
Total current liabilities	US$ in thousands	1,352,590	3,602,600	3,510,360	782,401	1,209,440
Working capital turnover		—	—	—	—	—

September 30, 2023 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $4,275,360K ÷ ($885,768K – $1,352,590K)
= —

I'm sorry, but I don't have access to the specific financial data for Atmos Energy Corp. However, I can guide you on how to calculate the working capital turnover ratio and interpret its significance.

The working capital turnover ratio is calculated by dividing the total revenue by the average working capital. Working capital is calculated as current assets minus current liabilities.

The formula for working capital turnover ratio is:
Working Capital Turnover = Revenue / Average Working Capital

A higher working capital turnover ratio indicates that the company is efficiently using its working capital to generate sales. A lower ratio may indicate that the company is not effectively utilizing its working capital.

To calculate the average working capital, add the current year's working capital to the previous year's working capital and divide by 2.

Analyzing this ratio over multiple years can provide insight into the company's efficiency in utilizing its working capital to generate revenue.

Based on the data provided, you can calculate the working capital turnover ratio for Atmos Energy Corp. for the respective years to assess the trend and analyze the company's working capital management efficiency.