CenterPoint Energy Inc (CNP)

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	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	8,696,000	9,225,000	9,268,000	9,337,000	9,321,000	8,924,000	8,770,000	8,568,000	8,352,000	8,092,000	7,965,000	7,798,000	7,418,000	8,594,000	8,630,000	8,713,000	8,775,000	8,581,000	9,135,000	9,663,000
Total current assets	US$ in thousands	3,027,000	3,022,000	2,802,000	3,139,000	4,699,000	4,083,000	4,443,000	4,188,000	7,355,000	7,708,000	5,179,000	3,219,000	2,920,000	2,785,000	2,501,000	4,164,000	3,937,000	3,416,000	3,326,000	3,419,000
Total current liabilities	US$ in thousands	3,864,000	3,893,000	3,184,000	3,150,000	5,113,000	4,611,000	4,318,000	4,605,000	4,287,000	4,507,000	3,369,000	4,326,000	4,825,000	3,830,000	4,309,000	4,042,000	3,978,000	3,434,000	2,996,000	3,139,000
Working capital turnover		—	—	—	—	—	—	70.16	—	2.72	2.53	4.40	—	—	—	—	71.42	—	—	27.68	34.51

December 31, 2023 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $8,696,000K ÷ ($3,027,000K – $3,864,000K)
= —

Based on the provided data, the working capital turnover ratio for Centerpoint Energy Inc. was not reported for Q4 2023, Q3 2023, Q2 2023, Q1 2023, and Q4 2022. However, in Q2 2022, the working capital turnover ratio was 70.16.

The information available suggests that Centerpoint Energy Inc. did not disclose its working capital turnover ratio for most of the recent quarters, with the last known ratio being significantly high in Q2 2022. It is essential to monitor this ratio over time to assess the company's efficiency in utilizing its working capital to generate revenue. The lack of recent data makes it challenging to provide a detailed trend analysis or comparison with industry benchmarks.