Constellation Energy Corp (CEG)
Working capital turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Revenue | US$ in thousands | 24,918,000 | 24,440,000 | 19,649,000 |
| Total current assets | US$ in thousands | 8,299,000 | 9,360,000 | 7,981,000 |
| Total current liabilities | US$ in thousands | 6,319,000 | 7,839,000 | 7,996,000 |
| Working capital turnover | 12.58 | 16.07 | — |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $24,918,000K ÷ ($8,299,000K – $6,319,000K)
= 12.58
Based on the provided data, Constellation Energy Corporation's working capital turnover has fluctuated over the past four years. In 2023, the working capital turnover ratio was 12.58, indicating that the company generated $12.58 in revenue for every dollar of working capital invested. This ratio decreased compared to 2022, where it stood at 16.07. The absence of data for 2021 suggests that there may have been significant changes in the company's working capital management during that year.
The 2020 ratio of 10.19 indicates that the company improved its efficiency in utilizing working capital to generate revenue compared to 2020. An increasing working capital turnover ratio generally implies more efficient use of working capital, which can be beneficial for the company's overall financial health.
Overall, while the working capital turnover ratio has fluctuated over the years, it is essential for Constellation Energy Corporation to continuously monitor and manage its working capital effectively to optimize its revenue generation efficiency.
Peer comparison
Dec 31, 2023