Clearway Energy Inc Class C (CWEN)
Working capital turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,314,000 | 1,190,000 | 1,286,000 | 1,199,000 | 1,032,000 |
| Total current assets | US$ in thousands | 1,560,000 | 1,276,000 | 1,531,000 | 708,000 | 608,000 |
| Total current liabilities | US$ in thousands | 906,000 | 617,000 | 1,631,000 | 634,000 | 2,057,000 |
| Working capital turnover | 2.01 | 1.81 | — | 16.20 | — |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $1,314,000K ÷ ($1,560,000K – $906,000K)
= 2.01
Clearway Energy Inc's working capital turnover has shown fluctuations over the past five years. In 2023, the working capital turnover ratio increased to 2.01 from 1.81 in 2022, indicating that the company generated $2.01 in revenue for every dollar of working capital invested. This improvement suggests better efficiency in utilizing its working capital to generate sales. However, it is worth noting that there is missing data for 2021, and significant variations in the ratio have occurred in past years. The sharp increase in 2020 to 16.20 may be an outlier or a result of specific circumstances during that year. Monitoring this ratio over time can provide insights into Clearway Energy Inc's operational efficiency and liquidity management.
Peer comparison
Dec 31, 2023