Avista Corporation (AVA)

Working capital turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	1,751,550	1,710,210	1,438,940	1,321,890	1,345,620
Total current assets	US$ in thousands	661,842	721,802	434,473	343,977	305,129
Total current liabilities	US$ in thousands	775,205	964,534	913,106	505,879	530,713
Working capital turnover		—	—	—	—	—

December 31, 2023 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $1,751,550K ÷ ($661,842K – $775,205K)
= —

To calculate the working capital turnover for Avista Corp., we need to use the formula:

Working Capital Turnover = Revenue / Average Working Capital

However, since the specific data for working capital is not provided in the table, we cannot compute the working capital turnover. Working capital turnover is a measure of how efficiently a company is using its working capital to generate sales and revenue. A higher turnover ratio indicates that the company is effectively utilizing its working capital to generate sales, while a lower ratio suggests that the company may have excess working capital that is not being efficiently used.

To perform a thorough analysis of Avista Corp.'s efficiency in utilizing its working capital, we would need specific figures for revenue and working capital for each year listed in the table. Without this key information, we are unable to assess the company's performance in this aspect.