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.