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