Chesapeake Utilities Corporation (CPK)
Working capital turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 670,604 | 680,704 | 569,968 | 488,198 | 479,605 |
| Total current assets | US$ in thousands | 185,699 | 193,976 | 170,336 | 136,431 | 134,826 |
| Total current liabilities | US$ in thousands | 386,384 | 369,023 | 376,394 | 329,032 | 423,324 |
| Working capital turnover | — | — | — | — | — |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $670,604K ÷ ($185,699K – $386,384K)
= —
To calculate Chesapeake Utilities Corp's working capital turnover, we need to use the formula:
Working Capital Turnover = Revenue / Average Working Capital
However, the provided table lacks the specific values for revenue and working capital for each year. Without this information, it is not possible to compute the working capital turnover ratio for Chesapeake Utilities Corp.
To provide a detailed and comprehensive analysis of the working capital turnover for the company, we would need access to the revenue and working capital figures for the respective years. Once this data is available, the calculation would involve taking the revenue for each year and dividing it by the average working capital for that year to determine the efficiency of the company in utilizing its working capital to generate revenue.
In absence of the specific values in the table, a thorough analysis of Chesapeake Utilities Corp's working capital turnover cannot be conducted.
Peer comparison
Dec 31, 2023