California Water Service Group (CWT)

Working capital turnover

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	747,613	735,174	747,860	761,503	804,187	797,818	769,379	775,750	750,020	819,771	805,304	766,295	755,324	656,603	650,604	644,504	626,578	622,617	615,748	621,513
Total current assets	US$ in thousands	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	184,712	212,056	206,030	192,725
Total current liabilities	US$ in thousands	430,339	381,140	362,657	350,304	294,650	322,547	286,083	281,817	271,937	360,938	362,379	655,466	588,706	603,823	577,552	513,127	358,721	333,944	331,389	384,043
Working capital turnover		—	—	—	—	908.69	48.01	—	—	26.30	25.25	—	—	—	—	—	—	—	—	—	—

December 31, 2023 calculation

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

The working capital turnover ratio for California Water Service Group is not available for Q1, Q2, Q3, and Q4 of 2023. However, in Q4 2022, the working capital turnover ratio was 956.42, indicating that the company was generating significant revenue relative to its working capital during that period. This high ratio suggests efficient management of working capital and indicates that the company was able to efficiently convert its investment in working capital into sales. This efficiency could be attributed to the company's effective management of inventory, receivables, and payables, which ultimately contributed to its overall profitability. It is important for the company to maintain a strong working capital turnover ratio to ensure optimal utilization of resources and sustainable growth in the long run.