Chesapeake Utilities Corporation (CPK)
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 | 787,291 | 757,626 | 729,035 | 698,526 | 670,604 | 672,569 | 672,075 | 675,952 | 680,703 | 653,768 | 630,050 | 601,662 | 569,969 | 546,642 | 540,726 | 526,695 | 488,218 | 483,153 | 474,360 | 508,212 |
| Total current assets | US$ in thousands | 204,300 | 166,487 | 156,277 | 169,665 | 185,699 | 137,466 | 136,769 | 159,504 | 193,976 | 169,203 | 145,046 | 152,968 | 173,135 | 132,993 | 110,553 | 128,552 | 136,431 | 119,321 | 98,558 | 111,927 |
| Total current liabilities | US$ in thousands | 419,400 | 434,811 | 410,193 | 371,655 | 386,384 | 288,410 | 255,157 | 246,779 | 369,023 | 328,851 | 287,291 | 279,713 | 376,433 | 354,542 | 322,256 | 316,002 | 329,032 | 359,972 | 429,823 | 402,496 |
| Working capital turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $787,291K ÷ ($204,300K – $419,400K)
= —
The working capital turnover ratio for Chesapeake Utilities Corporation is not provided in the data for the periods from March 31, 2020, to December 31, 2024. The working capital turnover ratio is a measure of how efficiently a company is using its working capital to generate revenue. It indicates how many times a company's working capital is being used to support revenue generation.
Without the specific values for working capital and revenue for the respective periods, it is not possible to calculate or analyze the working capital turnover ratio for Chesapeake Utilities Corporation. However, in general, a higher working capital turnover ratio is preferable as it suggests that the company is efficiently utilizing its working capital to generate sales.
It is important for Chesapeake Utilities Corporation to monitor its working capital turnover ratio over time to ensure that it is optimizing the use of its working capital to support its operations effectively. If the company's working capital turnover ratio is low, it may indicate inefficiencies in working capital management that could potentially impact the company's profitability and liquidity.
Peer comparison
Dec 31, 2024