California Water Service Group (CWT)

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 1,036,806 1,029,123 984,536 934,281 794,632 781,057 792,388 804,538 846,431 818,820 809,236 816,165 790,909 806,735 854,120 816,481 794,307 782,033 710,462 714,009
Total current assets US$ in thousands 324,136 362,951 266,810 283,126 296,285 302,282 311,856 269,283 295,535 339,165 276,652 272,474 300,458 393,408 305,586 302,400 266,016 305,764 266,889 270,082
Total current liabilities US$ in thousands 538,364 570,729 512,500 507,883 430,339 381,140 362,657 350,304 294,650 322,547 286,083 281,817 256,576 360,938 362,379 655,466 588,706 603,823 577,552 513,127
Working capital turnover — — — — — — — — 956.42 49.27 — — 18.02 24.85 — — — — — —

December 31, 2024 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,036,806K ÷ ($324,136K – $538,364K)
= —

The working capital turnover ratio for California Water Service Group has shown significant variability over the periods provided in the data. The ratio was not calculable for most of the quarters but showed a substantial increase in the September 2021 quarter to 24.85, indicating that the company was able to effectively utilize its working capital to generate revenue during that period.

The ratio then decreased to 18.02 in the December 2021 quarter, suggesting a slight decline in efficiency in converting working capital into revenue. However, there was a substantial surge in performance in the subsequent quarter as the ratio skyrocketed to 956.42 in December 2022, indicating an exceptional efficiency in utilizing working capital to generate revenue during that period.

The working capital turnover ratio provides insights into how efficiently a company is managing its working capital to support its operations and generate revenue. The significant fluctuations in California Water Service Group's working capital turnover ratio highlight the importance of monitoring and managing working capital effectively to optimize operational performance and financial results.