IDACORP Inc (IDA)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,826,630 | 1,766,360 | 1,643,980 | 1,458,080 | 1,350,730 |
| Total current assets | US$ in thousands | 988,455 | 1,004,050 | 693,653 | 595,873 | 642,401 |
| Total current liabilities | US$ in thousands | 700,801 | 634,076 | 548,565 | 325,624 | 287,571 |
| Working capital turnover | 6.35 | 4.77 | 11.33 | 5.40 | 3.81 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $1,826,630K ÷ ($988,455K – $700,801K)
= 6.35
The working capital turnover ratio for IDACORP Inc has displayed varying trends over the years. In December 2020, the working capital turnover stood at 3.81, indicating that the company generated $3.81 in revenue for every dollar of working capital invested. The ratio increased significantly to 5.40 in December 2021, suggesting a more efficient utilization of working capital to generate revenue.
By December 2022, the working capital turnover ratio surged to 11.33, reflecting a substantial improvement in efficiency as the company generated $11.33 in revenue for every dollar of working capital. However, there was a noticeable decline in the ratio to 4.77 by December 2023, which may indicate a temporary decrease in the company's efficiency in utilizing its working capital.
In the most recent period, December 2024, the working capital turnover ratio rebounded to 6.35, indicating a more effective utilization of working capital compared to the previous year. Overall, the fluctuating trend in the working capital turnover ratio suggests varying levels of efficiency in leveraging working capital to generate revenue for IDACORP Inc over the years.
Peer comparison
Dec 31, 2024