Duke Energy Corporation (DUK)
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 | 26,046,000 | 25,986,000 | 26,113,000 | 26,340,000 | 26,329,000 | 25,616,000 | 24,639,000 | 23,747,000 | 22,817,000 | 22,413,000 | 22,242,000 | 21,923,000 | 21,557,000 | 21,631,000 | 21,652,000 | 21,938,000 | 22,144,000 | 22,196,000 | 21,910,000 | 21,706,000 |
| Total current assets | US$ in thousands | 12,769,000 | 13,048,000 | 13,088,000 | 12,314,000 | 13,222,000 | 12,972,000 | 11,561,000 | 11,042,000 | 9,940,000 | 9,436,000 | 8,985,000 | 8,508,000 | 8,682,000 | 8,679,000 | 9,237,000 | 10,181,000 | 9,163,000 | 9,619,000 | 9,509,000 | 9,168,000 |
| Total current liabilities | US$ in thousands | 17,283,000 | 17,160,000 | 17,375,000 | 16,015,000 | 18,873,000 | 16,912,000 | 16,544,000 | 15,425,000 | 15,931,000 | 15,556,000 | 16,211,000 | 17,333,000 | 16,305,000 | 16,693,000 | 16,690,000 | 15,170,000 | 14,752,000 | 13,390,000 | 13,447,000 | 12,282,000 |
| Working capital turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $26,046,000K ÷ ($12,769,000K – $17,283,000K)
= —
I'm sorry, but I don't have access to the specific numerical data for Duke Energy Corp.'s working capital turnover that you provided in the table. However, I can guide you on how to calculate the working capital turnover ratio and interpret its significance.
To calculate the working capital turnover ratio, you can use the formula:
Working Capital Turnover = Net Sales / Average Working Capital
Where:
- Net Sales is the total revenue generated by the company.
- Average Working Capital can be calculated as (Current Assets - Current Liabilities) / 2.
The working capital turnover ratio measures how effectively a company utilizes its working capital to generate sales. A higher ratio indicates that the company is efficiently using its working capital to generate revenue, while a lower ratio may suggest inefficiency or that the company is too conservative with its working capital management.
Once you have calculated the working capital turnover ratio based on the provided data for Duke Energy Corp., you can compare it over different quarters to identify trends or patterns in the company's working capital management efficiency. This analysis can provide valuable insights into the company's operational efficiency and financial health.
Please provide the specific numerical data, and I can assist you further in analyzing Duke Energy Corp.'s working capital turnover ratio.
Peer comparison
Dec 31, 2023