IDACORP Inc (IDA)
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 | 1,557,806 | 1,553,827 | 1,579,873 | 1,546,401 | 1,482,913 | 1,398,151 | 1,318,513 | 1,330,616 | 1,303,710 | 1,309,887 | 1,277,650 | 1,230,061 | 1,209,724 | 1,186,219 | 1,150,976 | 1,148,403 | 1,212,348 | 1,225,056 | 1,256,488 | 1,281,147 |
| Total current assets | US$ in thousands | 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 | 565,146 | 604,165 | 599,453 | 576,292 |
| Total current liabilities | US$ in thousands | 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 | 374,859 | 291,082 | 295,582 | 273,466 |
| Working capital turnover | 4.21 | 2.83 | 5.96 | 3.37 | 10.22 | 7.59 | 5.40 | 4.68 | 4.82 | 3.91 | 3.74 | 3.70 | 3.41 | 3.11 | 3.02 | 5.10 | 6.37 | 3.91 | 4.13 | 4.23 |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,557,806K ÷ ($1,004,050K – $634,076K)
= 4.21
The working capital turnover ratio for Idacorp, Inc. has shown some fluctuations over the past eight quarters. It was highest in Q4 2022 at 11.33, indicating that the company was able to generate revenue 11.33 times from its working capital during that period.
In Q1 2023, the ratio decreased to 3.77, reflecting a decline in the efficiency of the company in utilizing its working capital to generate revenue. However, the ratio improved in Q2 2023 to 6.73, indicating a significant increase in efficiency compared to the previous quarter.
Overall, the working capital turnover ratio for Idacorp, Inc. has shown variability, but it appears that the company has been able to effectively manage its working capital to generate revenue, with some quarters demonstrating notably higher efficiency than others.
Peer comparison
Dec 31, 2023