IDACORP Inc (IDA)
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 | ||
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Revenue (ttm) | US$ in thousands | 1,821,734 | 1,835,556 | 1,817,935 | 1,783,615 | 1,766,356 | 1,777,361 | 1,784,467 | 1,729,352 | 1,643,981 | 1,556,035 | 1,484,967 | 1,486,318 | 1,458,084 | 1,438,766 | 1,417,083 | 1,375,775 | 1,350,729 | 1,327,883 | 1,288,942 | 1,287,071 |
Total current assets | US$ in thousands | 988,455 | 1,033,360 | 814,439 | 780,281 | 1,004,050 | 1,038,150 | 733,634 | 990,933 | 693,653 | 659,668 | 693,344 | 611,898 | 595,873 | 678,185 | 672,979 | 593,892 | 642,401 | 684,771 | 828,041 | 472,942 |
Total current liabilities | US$ in thousands | 700,801 | 606,184 | 525,632 | 505,376 | 634,076 | 488,930 | 468,338 | 532,570 | 548,565 | 475,422 | 448,980 | 327,578 | 325,624 | 342,780 | 331,141 | 261,872 | 287,571 | 302,771 | 447,168 | 247,854 |
Working capital turnover | 6.33 | 4.30 | 6.29 | 6.49 | 4.77 | 3.24 | 6.73 | 3.77 | 11.33 | 8.45 | 6.08 | 5.23 | 5.40 | 4.29 | 4.15 | 4.14 | 3.81 | 3.48 | 3.38 | 5.72 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,821,734K ÷ ($988,455K – $700,801K)
= 6.33
The working capital turnover ratio of IDACORP Inc has varied over the reported periods, indicating the company's efficiency in utilizing its working capital to generate revenue. The working capital turnover ratio measures how many times a company's working capital is used to generate sales during a given period.
IDACORP Inc's working capital turnover ratio ranged from 3.24 to 11.33 over the reported periods. A higher ratio suggests that the company is efficiently using its working capital to generate sales, while a lower ratio may indicate inefficiencies or excess working capital.
The trend in IDACORP Inc's working capital turnover ratio shows fluctuations but generally shows an increasing trend from September 2021 to December 2024, reaching its peak at 11.33 in December 2022. This increase may indicate improved efficiency in utilizing working capital to drive sales during that period.
However, the ratio decreased in the following periods, reaching a low of 3.24 in September 2023, before gradually improving in subsequent periods. Fluctuations in the ratio could be attributed to various factors such as changes in operating efficiency, seasonal variations, or shifts in the company's business operations.
Overall, a higher working capital turnover ratio is generally favorable as it indicates that the company is effectively managing its working capital to support its sales activities. Analyzing the trend of this ratio over time can provide insights into the company's operational efficiency and financial performance.
Peer comparison
Dec 31, 2024