Consolidated Edison Inc (ED)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 15,256,000 | 14,663,000 | 15,670,000 | 13,676,000 | 12,246,000 |
| Total current assets | US$ in thousands | 527,000 | 6,537,000 | 12,972,000 | 5,551,000 | 5,301,000 |
| Total current liabilities | US$ in thousands | 1,036,000 | 6,462,000 | 11,336,000 | 5,427,000 | 7,354,000 |
| Working capital turnover | — | 195.51 | 9.58 | 110.29 | — |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $15,256,000K ÷ ($527,000K – $1,036,000K)
= —
The working capital turnover ratio indicates how efficiently a company is managing its working capital in generating sales revenue. Looking at Consolidated Edison Inc's working capital turnover, we observe a fluctuating trend over the years. In 2021, the ratio stands at 110.29, indicating that the company generated $110.29 in revenue for every dollar of working capital invested. This suggests a high level of efficiency in utilizing its working capital.
However, a significant drop is seen in 2022, with the working capital turnover dropping to 9.58, implying a decrease in efficiency in converting working capital to sales. The ratio then spikes in 2023 to 195.51, showcasing a substantial improvement in working capital utilization efficiency.
Notably, the data for 2020 and 2024 is not available, preventing a complete picture of the company's working capital turnover in those specific years. Overall, the analysis of Consolidated Edison Inc's working capital turnover reveals fluctuations in efficiency over the years, underscoring the importance of continuous monitoring and management of working capital for sustainable performance.
Peer comparison
Dec 31, 2024