California Water Service Group (CWT)

Working capital turnover

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Revenue US$ in thousands 1,036,810 794,632 846,431 790,909 794,307
Total current assets US$ in thousands 324,136 296,285 295,535 300,458 266,016
Total current liabilities US$ in thousands 538,364 430,339 294,650 256,576 588,706
Working capital turnover — — 956.42 18.02 —

December 31, 2024 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $1,036,810K ÷ ($324,136K – $538,364K)
= —

The working capital turnover ratio for California Water Service Group shows significant fluctuations over the reported years. In 2021, the ratio was 18.02, indicating that the company generated $18.02 in revenue for every dollar of working capital. This suggests efficient utilization of working capital to generate sales. The ratio then increased substantially to 956.42 in 2022, signaling a significant improvement in efficiency in turning working capital into revenue. However, the absence of data for 2020, 2023, and 2024 limits the ability to fully assess the trend and determine the consistency of the improved efficiency. It would be valuable to monitor future financial reports to better understand the company's working capital management and operational efficiency.