Constellation Energy Corp (CEG)
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 | 23,327,000 | 22,809,000 | 22,370,000 | 22,543,000 | 23,986,000 | 26,455,000 | 26,395,000 | 26,414,000 | 24,440,000 | 22,639,000 | 20,994,000 | 19,682,000 | 19,650,000 | 18,449,000 | 18,702,000 | 18,429,000 | 17,603,000 | 17,916,000 | 18,031,000 | 18,361,000 |
| Total current assets | US$ in thousands | 10,776,000 | 9,270,000 | 7,852,000 | 8,460,000 | 8,299,000 | 9,902,000 | 7,575,000 | 8,108,000 | 9,360,000 | 9,853,000 | 8,090,000 | 8,767,000 | 7,981,000 | 8,587,000 | 6,209,000 | 6,740,000 | 6,947,000 | 5,883,000 | 5,849,000 | 7,324,000 |
| Total current liabilities | US$ in thousands | 6,846,000 | 5,452,000 | 5,801,000 | 5,922,000 | 6,319,000 | 5,263,000 | 5,225,000 | 5,947,000 | 7,839,000 | 7,887,000 | 5,878,000 | 6,434,000 | 7,996,000 | 7,796,000 | 5,513,000 | 6,298,000 | 5,219,000 | 4,411,000 | 4,838,000 | 6,325,000 |
| Working capital turnover | 5.94 | 5.97 | 10.91 | 8.88 | 12.11 | 5.70 | 11.23 | 12.22 | 16.07 | 11.52 | 9.49 | 8.44 | — | 23.32 | 26.87 | 41.69 | 10.19 | 12.17 | 17.83 | 18.38 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $23,327,000K ÷ ($10,776,000K – $6,846,000K)
= 5.94
The working capital turnover ratio measures how efficiently a company utilizes its working capital to generate sales. A higher ratio indicates better efficiency in managing working capital.
Based on the data provided for Constellation Energy Corp, we observe fluctuations in the working capital turnover ratio over the stated periods. The ratio peaked at an impressive 41.69 on March 31, 2021, indicating a significant increase in the efficiency of converting working capital into revenue. This spike may have been influenced by operational improvements, effective inventory management, or streamlined receivables and payables processes during that period.
Subsequently, there was a noticeable decline in the ratio, with values ranging between 5.70 to 23.32 for the following quarters. This downward trend suggests a potential decrease in the efficiency of working capital utilization, possibly due to changes in the company's operating cycle, fluctuations in sales volume, or alterations in inventory levels.
As of December 31, 2024, the working capital turnover ratio stands at 5.94, showing a moderate level of working capital efficiency compared to previous periods. It is essential for Constellation Energy Corp to monitor and analyze the factors impacting its working capital turnover to maintain optimal efficiency and support its overall financial health.
Peer comparison
Dec 31, 2024