CMS Energy Corporation (CMS)
Working capital turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 7,462,000 | 8,596,000 | 7,329,000 | 6,418,000 | 6,624,000 |
| Total current assets | US$ in thousands | 2,839,000 | 3,433,000 | 2,627,000 | 2,404,000 | 2,331,000 |
| Total current liabilities | US$ in thousands | 2,895,000 | 2,985,000 | 2,204,000 | 3,074,000 | 2,704,000 |
| Working capital turnover | — | 19.19 | 17.33 | — | — |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $7,462,000K ÷ ($2,839,000K – $2,895,000K)
= —
The working capital turnover ratio for CMS Energy Corporation shows variability over the years. In 2022, the ratio was 19.19, indicating that the company generated $19.19 in revenue for every dollar of working capital invested. This suggests that CMS Energy efficiently utilized its working capital to generate sales revenue. In 2021, the working capital turnover ratio was 17.33, reflecting a slightly lower efficiency in working capital utilization compared to the previous year. Without data for 2020 and 2019, it is challenging to assess the trend in the working capital turnover ratio over the long term. However, based on the information provided, it appears that CMS Energy has effectively managed its working capital to drive sales in recent years.
Peer comparison
Dec 31, 2023