Dominion Energy Inc (D)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 14,459,000 | 14,393,000 | 13,938,000 | 11,419,000 | 14,172,000 |
| Total current assets | US$ in thousands | 6,613,000 | 25,387,000 | 9,850,000 | 7,269,000 | 6,886,000 |
| Total current liabilities | US$ in thousands | 5,637,000 | 24,476,000 | 13,450,000 | 8,673,000 | 10,843,000 |
| Working capital turnover | 14.81 | 15.80 | — | — | — |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $14,459,000K ÷ ($6,613,000K – $5,637,000K)
= 14.81
Based on the data provided for Dominion Energy Inc's working capital turnover ratio over the years, the trend indicates that there was no available data for this ratio for the years ending December 31, 2020, 2021, and 2022. However, for the years ending December 31, 2023 and 2024, the working capital turnover ratio was calculated to be 15.80 and 14.81 respectively.
A higher working capital turnover ratio typically suggests that the company is efficiently managing its working capital to generate revenue. In the case of Dominion Energy Inc, the decline in the working capital turnover ratio from 15.80 in 2023 to 14.81 in 2024 may indicate a slight decrease in the efficiency of working capital utilization to generate sales revenue.
It is important for Dominion Energy Inc to closely monitor its working capital turnover ratio as it reflects the effectiveness of the company's working capital management. A consistent and optimal level of this ratio indicates that the company is efficiently converting its working capital into revenue, ensuring smooth operations and financial stability.
Peer comparison
Dec 31, 2024