Clearway Energy Inc Class C (CWEN)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,371,000 | 1,314,000 | 1,190,000 | 1,286,000 | 1,199,000 |
| Total current assets | US$ in thousands | 1,067,000 | 1,560,000 | 1,276,000 | 1,531,000 | 708,000 |
| Total current liabilities | US$ in thousands | 718,000 | 906,000 | 617,000 | 1,631,000 | 634,000 |
| Working capital turnover | 3.93 | 2.01 | 1.81 | — | 16.20 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $1,371,000K ÷ ($1,067,000K – $718,000K)
= 3.93
The working capital turnover for Clearway Energy Inc Class C has shown varying trends over the years. In 2020, the working capital turnover was exceptionally high at 16.20, indicating that the company efficiently utilized its working capital to generate revenue during that period. However, in 2021, the data is not provided (denoted as "—"), which prevents a direct comparison.
Subsequently, in 2022, the working capital turnover significantly decreased to 1.81, suggesting a potential decline in the efficiency of Clearway Energy Inc Class C in utilizing its working capital to generate revenue. However, there was a slight improvement in 2023, with the figure rising to 2.01, indicating a better utilization of working capital compared to the previous year.
By 2024, the working capital turnover further improved to 3.93, signifying an uptrend in the company's efficiency in converting working capital into revenue. Overall, while the working capital turnover of Clearway Energy Inc Class C fluctuated over the years, it is essential for the company to monitor and enhance its working capital management strategies to ensure optimal efficiency in generating revenue.
Peer comparison
Dec 31, 2024