Clearway Energy Inc Class C (CWEN)
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 | 1,371,000 | 1,364,000 | 1,249,000 | 1,289,000 | 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 |
| Total current assets | US$ in thousands | 1,067,000 | 1,051,000 | 1,021,000 | 1,497,000 | 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 |
| Total current liabilities | US$ in thousands | 718,000 | 661,000 | 701,000 | 874,000 | 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 |
| Working capital turnover | 3.93 | 3.50 | 3.90 | 2.07 | 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, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,371,000K ÷ ($1,067,000K – $718,000K)
= 3.93
Clearway Energy Inc Class C's working capital turnover has shown varying trends over the past few years. The ratio was not available for March 31, 2020, and March 31, 2021, suggesting potential data unavailability issues.
The ratio significantly increased from June 30, 2020, to June 30, 2021, indicating a substantial improvement in efficiency in utilizing working capital during this period. However, the high value of 94.54 for June 30, 2021, may suggest some anomalies or irregularities in the data.
Subsequently, from June 30, 2021, to December 31, 2024, the working capital turnover ratio gradually decreased, indicating a potential decline in efficiency in using working capital over time. However, it is worth noting that the ratio has generally remained above 1, suggesting that the company is still able to generate revenue from its working capital, albeit at varying levels of efficiency.
The fluctuations in the working capital turnover ratio may signify changes in Clearway Energy Inc Class C's operational and financial management practices. Further analysis would be required to understand the underlying reasons for these fluctuations and to evaluate the company's overall performance in managing its working capital effectively.
Peer comparison
Dec 31, 2024