Avista Corporation (AVA)

Working capital turnover

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	1,751,554	1,744,343	1,724,163	1,722,792	1,710,207	1,631,862	1,568,423	1,488,112	1,438,936	1,387,555	1,364,194	1,344,531	1,321,891	1,306,027	1,317,151	1,339,371	1,345,622	1,353,284	1,365,527	1,384,013
Total current assets	US$ in thousands	661,842	547,220	526,939	655,700	721,802	463,604	416,961	596,076	434,473	356,275	361,954	350,082	343,977	299,662	352,507	274,238	305,129	247,646	269,767	364,803
Total current liabilities	US$ in thousands	775,205	583,464	541,163	604,587	964,534	685,200	553,401	641,925	913,106	799,186	891,909	492,799	505,879	474,839	656,562	565,806	530,713	399,185	516,735	566,642
Working capital turnover		—	—	—	33.71	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

December 31, 2023 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,751,554K ÷ ($661,842K – $775,205K)
= —

Based on the provided data for Avista Corp., the working capital turnover ratio for the first quarter of 2023 is 33.71. This ratio indicates that Avista Corp. generated $33.71 in revenue for every $1 of working capital invested during the period. However, the absence of data for other quarters makes it challenging to track the trend of working capital turnover over time. A higher working capital turnover ratio generally signifies efficient utilization of working capital to generate sales. Monitoring this ratio over multiple periods would provide a better understanding of the company's working capital management efficiency.