Dominion Energy Inc (D)
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 | 14,393,000 | 14,666,000 | 14,817,000 | 15,247,000 | 15,643,000 | 15,716,000 | 14,931,000 | 14,373,000 | 13,964,000 | 13,605,000 | 14,036,000 | 14,104,000 | 14,172,000 | 14,546,000 | 14,721,000 | 15,058,000 | 14,401,000 | 13,867,000 | 13,536,000 | 13,181,000 |
| Total current assets | US$ in thousands | 25,387,000 | 24,679,000 | 7,977,000 | 9,605,000 | 9,850,000 | 8,699,000 | 11,388,000 | 8,383,000 | 7,269,000 | 9,298,000 | 6,923,000 | 6,662,000 | 6,886,000 | 19,829,000 | 6,124,000 | 6,536,000 | 6,096,000 | 6,269,000 | 5,727,000 | 5,975,000 |
| Total current liabilities | US$ in thousands | 24,476,000 | 21,633,000 | 13,986,000 | 12,762,000 | 13,450,000 | 12,172,000 | 13,166,000 | 10,581,000 | 8,673,000 | 13,223,000 | 11,676,000 | 11,836,000 | 10,843,000 | 17,560,000 | 9,537,000 | 10,448,000 | 9,940,000 | 12,191,000 | 9,503,000 | 9,776,000 |
| Working capital turnover | 15.80 | 4.81 | — | — | — | — | — | — | — | — | — | — | — | 6.41 | — | — | — | — | — | — |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $14,393,000K ÷ ($25,387,000K – $24,476,000K)
= 15.80
The working capital turnover ratio for Dominion Energy Inc has shown significant variability over the past quarters. In Q4 2023, the ratio was 15.80, indicating that the company generated $15.80 in revenue for each dollar of working capital during that period. This represents a substantial improvement compared to Q3 2023, where the ratio was 5.83.
The absence of data for Q2 and Q1 2023 makes it challenging to assess the trend consistently. However, the increasing trend from Q3 to Q4 2023 suggests that Dominion Energy Inc has been more efficient in utilizing its working capital to generate revenue in the most recent quarter. Further analysis over additional quarters would be required to provide a more comprehensive assessment of the company's working capital turnover performance.
Peer comparison
Dec 31, 2023