California Water Service Group (CWT)

Working capital turnover

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Revenue US$ in thousands 747,613 804,187 749,273 755,324 626,488
Total current assets US$ in thousands 296,285 295,535 300,458 266,016 184,712
Total current liabilities US$ in thousands 430,339 294,650 271,937 588,706 358,721
Working capital turnover 908.69 26.27

December 31, 2023 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $747,613K ÷ ($296,285K – $430,339K)
= —

The working capital turnover for California Water Service Group experienced significant fluctuations over the years. In 2023, the data is missing, making it difficult to provide an analysis for that year. In 2022, the ratio was significantly high at 956.42, indicating that the company generated $956.42 in revenue for every dollar of working capital invested. This could suggest efficient utilization of working capital to generate sales.

In 2021, the working capital turnover was 18.02, showing a substantial decrease compared to 2022. This might indicate that the company was less efficient in utilizing its working capital to generate revenue during that period. Furthermore, data for 2020 and 2019 is not available for analysis.

Overall, the varying working capital turnover ratios reflect fluctuations in the company's efficiency in utilizing its working capital to generate revenue over the analyzed years. Further analysis and comparison with industry averages would provide more insights into the company's working capital management performance.


Peer comparison

Dec 31, 2023