American Water Works (AWK)
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 | 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 | 3,606,000 | 3,556,000 | 3,517,000 | 3,488,000 |
| Total current assets | US$ in thousands | 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 | 1,285,000 | 799,000 | 741,000 | 691,000 |
| Total current liabilities | US$ in thousands | 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 | 2,045,000 | 1,488,000 | 1,317,000 | 2,156,000 |
| Working capital turnover | — | 67.61 | 17.91 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $4,215,000K ÷ ($1,389,000K – $2,151,000K)
= —
Based on the provided data, the working capital turnover for American Water Works Co. Inc. is limited to just two available data points: 67.75 in Q3 2023 and 17.99 in Q2 2023. The calculation for working capital turnover typically involves comparing net revenue to average working capital to assess the efficiency at which a company utilizes its working capital to generate sales.
The significant increase in working capital turnover from 17.99 in Q2 2023 to 67.75 in Q3 2023 suggests a notable improvement in the company's ability to generate revenue relative to its working capital. This increase indicates that American Water Works Co. Inc. has become more efficient in utilizing its working capital to drive sales and operations during Q3 2023.
However, the lack of data for the remaining quarters makes it challenging to provide a more comprehensive analysis of the trends and performance of the working capital turnover over a more extended period. Further data points would be required to identify any consistent patterns or fluctuations in the company's working capital management efficiency. It is essential for stakeholders to continue monitoring this ratio and consider other financial metrics to gain a more holistic understanding of the company's financial performance.
Peer comparison
Dec 31, 2023