CMS Energy Corporation (CMS)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 7,515,000 | 7,462,000 | 8,596,000 | 7,329,000 | 6,418,000 |
| Total current assets | US$ in thousands | 2,790,000 | 2,839,000 | 3,433,000 | 2,627,000 | 2,404,000 |
| Total current liabilities | US$ in thousands | 3,521,000 | 2,895,000 | 2,985,000 | 2,204,000 | 3,074,000 |
| Working capital turnover | — | — | 19.19 | 17.33 | — |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $7,515,000K ÷ ($2,790,000K – $3,521,000K)
= —
The working capital turnover ratio for CMS Energy Corporation has shown an improving trend over the years. In 2021, the ratio stood at 17.33, indicating that the company generated $17.33 in revenue for every dollar of working capital invested. This improved further to 19.19 in 2022, showcasing the company's ability to efficiently utilize its working capital to generate sales. However, data is not available for 2020, 2023, and 2024, limiting the comprehensive analysis of the trend. Overall, the increasing trend in the working capital turnover ratio suggests that CMS Energy Corporation has been effectively managing its working capital to drive revenue growth.
Peer comparison
Dec 31, 2024