Avista Corporation (AVA)

Working capital turnover

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Revenue (ttm) US$ in thousands 1,938,000 1,922,590 1,908,372 1,886,237 1,751,452 1,744,241 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
Total current assets US$ in thousands 656,000 525,074 550,860 561,945 661,842 547,220 526,939 655,700 721,802 463,604 416,961 596,076 434,473 356,275 361,954 350,082 343,977 299,662 352,507 274,238
Total current liabilities US$ in thousands 771,000 700,155 624,766 580,280 775,205 583,464 541,163 604,587 964,534 685,200 553,401 641,925 913,106 799,186 891,909 492,799 505,879 474,839 656,562 565,806
Working capital turnover — — — — — — — 33.71 — — — — — — — — — — — —

December 31, 2024 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,938,000K ÷ ($656,000K – $771,000K)
= —

The working capital turnover ratio for Avista Corporation has fluctuated over the period indicated in the data provided. As of March 31, 2023, the working capital turnover ratio stood at 33.71. This suggests that, on average, Avista Corporation is able to generate 33.71 times the revenue relative to its working capital. However, the absence of values for other time points limits the ability to assess the trend of this ratio over time.

It is crucial to monitor the working capital turnover ratio consistently to understand how efficiently the company is utilizing its working capital to generate revenue. Changes in this ratio can reflect improvements or deteriorations in the company's operational efficiency, liquidity, and overall financial health. Further analysis and comparison with benchmark figures or industry standards would provide a more comprehensive understanding of Avista Corporation's performance in terms of working capital management.