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.