American Water Works (AWK)

Working capital turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	4,217,000	3,782,000	4,677,000	3,777,000	3,606,000
Total current assets	US$ in thousands	1,389,000	1,250,000	1,554,000	1,906,000	1,285,000
Total current liabilities	US$ in thousands	2,151,000	2,811,000	2,141,000	2,881,000	2,045,000
Working capital turnover		—	—	—	—	—

December 31, 2023 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $4,217,000K ÷ ($1,389,000K – $2,151,000K)
= —

To calculate the working capital turnover for American Water Works Co. Inc., we need to use the formula:

Working Capital Turnover = Revenue / Average Working Capital

However, since the table provided does not contain the specific values for revenue or working capital for the respective years, the calculation of the working capital turnover ratio cannot be determined directly from the information given.

To analyze the company's working capital turnover in greater detail, we would require access to the financial statements of American Water Works Co. Inc. for these years to ascertain the necessary figures. Working capital turnover is a financial ratio that measures a company's ability to efficiently utilize its working capital to generate sales revenue. A higher working capital turnover ratio typically indicates that the company is efficiently managing its working capital to generate sales.

For a more accurate assessment of American Water Works Co. Inc.'s working capital turnover and its implications for the company's operational efficiency, a more in-depth financial analysis based on the actual financial data would be required.