Clearway Energy Inc Class C (CWEN)
Working capital turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,314,000 | 1,333,000 | 1,302,000 | 1,264,000 | 1,190,000 | 1,240,000 | 1,251,000 | 1,263,000 | 1,286,000 | 1,248,000 | 1,229,000 | 1,178,000 | 1,199,000 | 1,154,000 | 1,118,000 | 1,073,000 | 1,032,000 | 1,026,000 | 1,022,000 | 1,045,000 |
| Total current assets | US$ in thousands | 1,560,000 | 1,734,000 | 1,289,000 | 1,289,000 | 1,276,000 | 1,488,000 | 1,635,000 | 1,373,000 | 1,531,000 | 853,000 | 767,000 | 734,000 | 708,000 | 773,000 | 654,000 | 554,000 | 608,000 | 619,000 | 498,000 | 456,000 |
| Total current liabilities | US$ in thousands | 906,000 | 844,000 | 606,000 | 638,000 | 617,000 | 808,000 | 749,000 | 1,527,000 | 1,631,000 | 816,000 | 754,000 | 748,000 | 634,000 | 602,000 | 555,000 | 1,714,000 | 2,057,000 | 2,246,000 | 2,127,000 | 1,787,000 |
| Working capital turnover | 2.01 | 1.50 | 1.91 | 1.94 | 1.81 | 1.82 | 1.41 | — | — | 33.73 | 94.54 | — | 16.20 | 6.75 | 11.29 | — | — | — | — | — |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (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 fluctuating trends over the past eight quarters. In Q4 2023, the working capital turnover ratio was 2.01, indicating that the company generated $2.01 in revenue for every dollar of working capital invested. This represents an improvement compared to the previous quarter, Q3 2023, where the ratio was 1.50.
Looking further back, the working capital turnover ratio has generally been within the range of 1.41 to 2.01 over the past two years. This suggests that Clearway Energy Inc has been effectively managing its working capital to generate revenue efficiently.
It is important to note the variation in the working capital turnover ratio across quarters, which may be influenced by changes in the company's operations, investments, or financing activities. Analyzing the underlying reasons for these fluctuations can provide insights into Clearway Energy Inc's financial performance and efficiency in utilizing its working capital effectively.
Peer comparison
Dec 31, 2023