American States Water Company (AWR)

Working capital turnover

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Revenue US$ in thousands 595,459 595,699 491,528 498,853 488,243
Total current assets US$ in thousands 233,346 205,978 151,294 138,052 157,115
Total current liabilities US$ in thousands 285,525 166,623 396,522 155,574 118,572
Working capital turnover — 15.14 — — 12.67

December 31, 2024 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $595,459K ÷ ($233,346K – $285,525K)
= —

American States Water Company's working capital turnover has shown a fluctuating trend over the past few years. In 2020, the working capital turnover was 12.67, indicating that the company generated $12.67 in revenue for every $1 of working capital invested. However, the data for 2021 and 2024 is not available.

In 2023, the working capital turnover improved significantly, reaching 15.14, suggesting that the company efficiently utilized its working capital to generate revenue. This increase in efficiency could be attributed to better management of current assets and liabilities, leading to a more effective utilization of resources.

Overall, the fluctuations in working capital turnover highlight the importance of closely monitoring and managing working capital to ensure optimal utilization and efficiency in generating revenue for American States Water Company.