CenterPoint Energy Inc (CNP)
Working capital turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 8,696,000 | 9,321,000 | 8,352,000 | 7,418,000 | 7,564,000 |
| Total current assets | US$ in thousands | 3,027,000 | 4,699,000 | 7,355,000 | 2,920,000 | 3,937,000 |
| Total current liabilities | US$ in thousands | 3,864,000 | 5,113,000 | 4,287,000 | 4,825,000 | 3,978,000 |
| Working capital turnover | — | — | 2.72 | — | — |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $8,696,000K ÷ ($3,027,000K – $3,864,000K)
= —
Based on the available data, we can observe that Centerpoint Energy Inc. did not report the working capital turnover for the years ending December 31, 2023, 2022, 2020, and 2019. However, for the year ending December 31, 2021, the working capital turnover ratio was calculated to be 2.72.
The working capital turnover ratio measures how efficiently a company utilizes its working capital to generate sales revenue. A higher ratio indicates that the company is effectively utilizing its working capital to generate sales. In the case of Centerpoint Energy Inc., the ratio of 2.72 for 2021 suggests that the company is generating sales revenue efficiently relative to its working capital position for that year.
It is important to note that working capital turnover should ideally be compared over multiple periods to identify trends and assess the company's operational efficiency and liquidity management. Without data for the other years, it is challenging to fully evaluate the performance of Centerpoint Energy Inc. in terms of working capital turnover.
Peer comparison
Dec 31, 2023