Consolidated Edison Inc (ED)
Working capital turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 15,261,000 | 15,036,000 | 14,816,000 | 14,540,000 | 14,663,000 | 15,250,000 | 15,543,000 | 16,014,000 | 15,671,000 | 15,055,000 | 14,503,000 | 14,059,000 | 13,676,000 | 13,221,000 | 12,941,000 | 12,689,000 | 12,246,000 | 12,237,000 | 12,269,000 | 11,881,000 |
| Total current assets | US$ in thousands | 6,664,000 | 6,080,000 | 6,487,000 | 6,166,000 | 6,537,000 | 5,939,000 | 6,203,000 | 5,868,000 | 12,972,000 | 5,733,000 | 6,016,000 | 5,462,000 | 5,551,000 | 5,096,000 | 5,110,000 | 4,587,000 | 5,301,000 | 4,204,000 | 4,564,000 | 5,026,000 |
| Total current liabilities | US$ in thousands | 6,433,000 | 6,027,000 | 6,216,000 | 6,244,000 | 6,462,000 | 6,050,000 | 6,072,000 | 4,895,000 | 11,336,000 | 6,890,000 | 6,823,000 | 5,415,000 | 5,427,000 | 5,255,000 | 5,557,000 | 6,559,000 | 7,354,000 | 7,160,000 | 6,705,000 | 6,311,000 |
| Working capital turnover | 66.06 | 283.70 | 54.67 | — | 195.51 | — | 118.65 | 16.46 | 9.58 | — | — | 299.13 | 110.29 | — | — | — | — | — | — | — |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $15,261,000K ÷ ($6,664,000K – $6,433,000K)
= 66.06
Consolidated Edison Inc's working capital turnover has shown fluctuating trends over the recent quarters. The working capital turnover ratio measures how efficiently a company is utilizing its working capital to generate revenue.
As per the provided data:
- The working capital turnover ratio was not available for the periods up to June 30, 2021.
- The ratio significantly increased to 110.29 on December 31, 2021, indicating a notable improvement in the efficiency of working capital management.
- Subsequently, there was a substantial surge to 299.13 on March 31, 2022, suggesting a further enhancement in working capital utilization efficiency.
- However, the ratio dropped to 9.58 on December 31, 2022, signaling a sharp decline in the efficiency of working capital turnover.
- This ratio improved to 16.46 on March 31, 2023, demonstrating a slight recovery in working capital efficiency.
- There was a significant increase to 118.65 on June 30, 2023, indicating a notable improvement in working capital turnover efficiency.
- The ratio was not available for the subsequent periods up to March 31, 2024.
- On June 30, 2024, the working capital turnover ratio stood at 54.67, suggesting a moderate efficiency in working capital utilization.
- This ratio then increased to 283.70 on September 30, 2024, showing a significant improvement in working capital turnover efficiency.
- Lastly, on December 31, 2024, the ratio decreased to 66.06, indicating a decline in the efficiency of working capital utilization compared to the previous quarter.
In conclusion, Consolidated Edison Inc's working capital turnover exhibited varying levels of efficiency over the analyzed periods, with notable improvements in certain quarters and declines in others. Further analysis and comparison with industry benchmarks would provide a more comprehensive understanding of the company's working capital management performance.
Peer comparison
Dec 31, 2024