Dominion Energy Inc (D)
Working capital turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 14,393,000 | 13,938,000 | 13,964,000 | 14,172,000 | 14,401,000 |
| Total current assets | US$ in thousands | 25,387,000 | 9,850,000 | 7,269,000 | 6,886,000 | 6,096,000 |
| Total current liabilities | US$ in thousands | 24,476,000 | 13,450,000 | 8,673,000 | 10,843,000 | 9,940,000 |
| Working capital turnover | 15.80 | — | — | — | — |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $14,393,000K ÷ ($25,387,000K – $24,476,000K)
= 15.80
Based on the provided data, Dominion Energy Inc's working capital turnover for the year ending December 31, 2023, is 15.80. This ratio indicates that the company generated $15.80 in revenue for every $1 of working capital invested during the period.
Unfortunately, without data from previous years, it is challenging to assess the trend in the company's working capital turnover. However, a high working capital turnover ratio can suggest efficient management of working capital and assets, leading to quicker conversion of working capital into sales revenue. It also implies that the company is effectively utilizing its current assets to support sales activities.
It would be beneficial to compare this ratio to industry benchmarks or previous years' data to gain a more comprehensive understanding of Dominion Energy Inc's performance in managing its working capital.
Peer comparison
Dec 31, 2023