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.