Envestnet Inc (ENV)

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	1,220,482	1,203,270	1,195,211	1,204,198	1,228,321	1,249,802	1,246,160	1,216,033	1,170,413	1,115,334	1,059,684	1,001,841	967,838	946,654	929,058	926,833	882,732	865,270	842,861	819,532
Total current assets	US$ in thousands	263,808	203,153	224,621	222,759	311,291	392,506	467,620	501,479	567,276	549,521	491,180	489,021	505,199	481,212	205,780	187,433	182,503	167,010	189,395	349,016
Total current liabilities	US$ in thousands	292,534	270,245	308,904	297,652	327,064	616,268	610,036	274,807	288,723	269,405	247,814	228,921	236,369	226,320	209,285	202,918	203,790	366,317	353,474	338,726
Working capital turnover		—	—	—	—	—	—	—	5.36	4.20	3.98	4.35	3.85	3.60	3.71	—	—	—	—	—	79.64

December 31, 2023 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,220,482K ÷ ($263,808K – $292,534K)
= —

Based on the data provided, the working capital turnover for Envestnet Inc. is not available for the quarters of 2023. However, in Q1 2022, the working capital turnover was 5.44. The working capital turnover ratio measures how efficiently a company is utilizing its working capital to generate sales revenue. A higher working capital turnover ratio indicates that the company is effectively managing its working capital to support its operations. In this case, without data for 2023, it is challenging to assess whether there have been any changes or trends in Envestnet Inc.'s working capital efficiency in recent quarters. Further analysis and additional data points would be necessary to draw more definitive conclusions about the company's working capital turnover performance.