American Water Works (AWK)
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 | 4,649,000 | 4,503,000 | 4,345,000 | 4,293,000 | 4,215,000 | 4,124,000 | 4,030,000 | 3,872,000 | 3,785,000 | 4,558,000 | 4,576,000 | 4,636,000 | 4,676,000 | 3,922,000 | 3,902,000 | 3,820,000 | 3,786,000 | 3,724,000 | 3,663,000 | 3,637,000 |
| Total current assets | US$ in thousands | 1,215,000 | 1,237,000 | 1,165,000 | 1,587,000 | 1,389,000 | 1,804,000 | 1,989,000 | 1,338,000 | 1,250,000 | 1,017,000 | 1,018,000 | 853,000 | 1,554,000 | 1,590,000 | 1,570,000 | 1,466,000 | 1,906,000 | 1,967,000 | 1,896,000 | 1,801,000 |
| Total current liabilities | US$ in thousands | 3,150,000 | 2,132,000 | 1,825,000 | 1,857,000 | 2,151,000 | 1,743,000 | 1,764,000 | 1,892,000 | 2,811,000 | 2,130,000 | 1,728,000 | 1,648,000 | 2,141,000 | 1,844,000 | 1,710,000 | 2,451,000 | 2,881,000 | 2,260,000 | 2,113,000 | 2,767,000 |
| Working capital turnover | — | — | — | — | — | 67.61 | 17.91 | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $4,649,000K ÷ ($1,215,000K – $3,150,000K)
= —
The working capital turnover ratio measures how efficiently a company utilizes its working capital to generate sales revenue. In the case of American Water Works, the working capital turnover was not available for most of the periods except for the data available on June 30, 2023 (17.91) and September 30, 2023 (67.61).
The significant increase in the working capital turnover from 17.91 to 67.61 indicates an improvement in the company's efficiency in using its working capital to generate revenue between these two periods. A higher turnover ratio suggests that American Water Works was able to generate more sales revenue for each dollar of working capital invested during the period, reflecting strong operational efficiency.
However, the lack of data for other periods limits a comprehensive analysis of the trend in the working capital turnover ratio over time. It would be beneficial to have data for multiple periods to better assess the consistency and effectiveness of American Water Works' working capital management.
Peer comparison
Dec 31, 2024