CenterPoint Energy Inc (CNP)
Working capital turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 8,643,000 | 8,563,000 | 8,567,000 | 8,537,000 | 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 | 9,714,000 | 10,937,000 |
| Total current assets | US$ in thousands | 4,381,000 | 4,270,000 | 4,080,000 | 4,286,000 | 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 |
| Total current liabilities | US$ in thousands | 4,045,000 | 3,836,000 | 3,410,000 | 3,430,000 | 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 |
| Working capital turnover | 25.72 | 19.73 | 12.79 | 9.97 | — | — | — | — | — | — | 70.16 | — | 2.72 | 2.53 | 4.40 | — | — | — | — | 89.65 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $8,643,000K ÷ ($4,381,000K – $4,045,000K)
= 25.72
CenterPoint Energy Inc's working capital turnover ratio has fluctuated over the periods provided in the data. The ratio was quite high at 89.65 on March 31, 2020, indicating efficient management of working capital to generate revenue. However, the ratio was not reported for the following quarters until June 30, 2021, where it significantly dropped to 4.40. This drastic decrease may suggest potential issues in effectively utilizing working capital during that period.
Subsequently, there were fluctuations in the working capital turnover ratio until June 30, 2022, when it spiked to 70.16, indicating a possible improvement in the company's working capital management efficiency. However, the ratio was not reported for the following periods up to June 30, 2024.
On June 30, 2024, the working capital turnover ratio increased to 12.79 and further improved to 19.73 on September 30, 2024, and 25.72 on December 31, 2024. These increases may suggest a more effective utilization of working capital to generate revenue, indicating better operational efficiency.
It is noteworthy that there were some periods where the working capital turnover ratio was not reported, which could indicate irregularities in financial reporting or fluctuations in the company's working capital management practices during those times. For a more comprehensive analysis, further data from the missing periods would be necessary to assess the long-term trend in CenterPoint Energy Inc's working capital turnover ratio accurately.
Peer comparison
Dec 31, 2024