Constellation Energy Corp (CEG)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 24,918,000 | 26,455,000 | 26,395,000 | 26,414,000 | 24,440,000 | 22,639,000 | |||
| Total current assets | US$ in thousands | 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 |
| Total current liabilities | US$ in thousands | 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 |
| Working capital turnover | 12.58 | 5.70 | 11.23 | 12.22 | 16.07 | 11.52 |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $24,918,000K ÷ ($8,299,000K – $6,319,000K)
= 12.58
Constellation Energy Corporation's working capital turnover has fluctuated over the past five quarters, ranging from a low of 5.70 in Q3 2023 to a high of 16.07 in Q4 2022. The working capital turnover ratio measures how efficiently a company is utilizing its working capital to generate revenue. A higher ratio indicates more effective utilization of working capital.
In the most recent quarter, Q4 2023, Constellation Energy Corporation achieved a working capital turnover of 12.58, indicating an improvement from the previous quarter but still below the peak observed in Q4 2022. This suggests that the company has been able to efficiently generate revenue using its working capital, although there may be room for further optimization.
Overall, Constellation Energy Corporation's working capital turnover ratio demonstrates solid operational efficiency, but management should continue to monitor and make adjustments to ensure optimal utilization of working capital in the future.
Peer comparison
Dec 31, 2023