Envestnet Inc (ENV)

Working capital turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	1,221,030	1,231,540	1,170,410	967,838	870,954
Total current assets	US$ in thousands	263,808	311,291	567,276	505,199	182,503
Total current liabilities	US$ in thousands	292,534	327,064	288,723	236,369	203,790
Working capital turnover		—	—	4.20	3.60	—

December 31, 2023 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $1,221,030K ÷ ($263,808K – $292,534K)
= —

The working capital turnover for Envestnet Inc. provides insight into how efficiently the company is utilizing its working capital to generate revenue. Based on the available data, the working capital turnover is as follows:

- In 2021, the working capital turnover was 4.26, indicating that the company generated $4.26 in revenue for every $1 of working capital invested. This signifies efficient utilization of working capital.
- In 2020, the working capital turnover was 3.71, showing a slight decrease from the previous year but still demonstrating effective management of working capital.
- Unfortunately, the working capital turnover figures are not available for the other years, hindering a complete trend analysis.

Overall, the trend indicates that Envestnet Inc. has historically been efficient in generating revenue relative to its working capital, particularly in 2021 and 2020. Tracking this ratio over time can help assess the company's ability to optimize its working capital for revenue generation.