Eversource Energy (ES)
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 | 11,910,680 | 12,246,180 | 12,670,280 | 12,613,580 | 12,289,250 | 11,741,430 | 10,958,630 | 10,508,490 | 9,863,020 | 9,615,070 | 9,525,870 | 9,356,470 | 8,904,330 | 8,720,800 | 8,553,000 | 8,484,400 | 8,526,500 | 8,511,000 | 8,606,600 | 8,576,000 |
| Total current assets | US$ in thousands | 4,247,990 | 4,009,100 | 3,721,550 | 4,136,430 | 4,223,200 | 3,919,650 | 3,268,040 | 3,473,680 | 3,270,120 | 3,073,550 | 3,268,840 | 3,146,880 | 3,130,140 | 3,220,410 | 2,405,410 | 2,562,670 | 2,414,540 | 2,220,900 | 2,131,700 | 2,300,860 |
| Total current liabilities | US$ in thousands | 6,341,400 | 7,119,640 | 5,794,580 | 6,405,040 | 6,799,280 | 5,487,160 | 4,260,540 | 5,601,310 | 5,847,040 | 4,258,080 | 5,104,570 | 5,538,940 | 4,915,010 | 3,634,070 | 3,326,060 | 3,395,630 | 3,605,560 | 3,748,910 | 3,512,120 | 4,559,360 |
| Working capital turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $11,910,680K ÷ ($4,247,990K – $6,341,400K)
= —
As the table does not provide specific numerical data for the working capital turnover of Eversource Energy, it is not possible to calculate or analyze the ratio for the specified quarters. Additional financial information would be necessary to determine how efficiently the company is utilizing its working capital to generate revenue. A higher working capital turnover ratio typically indicates that the company is managing its working capital effectively and generating more revenue per dollar of working capital invested. Conversely, a lower ratio may suggest inefficiencies in managing working capital or slow inventory turnover. Further insights into Eversource Energy's financial performance could be obtained by examining trends in working capital turnover over time and comparing them to industry benchmarks.
Peer comparison
Dec 31, 2023