Middlesex Water Company (MSEX)

Working capital turnover

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Revenue US$ in thousands 191,877 166,274 161,157 135,679 133,956
Total current assets US$ in thousands 42,973 108,536 37,306 34,355 34,123
Total current liabilities US$ in thousands 82,888 103,829 117,859 56,619 56,848
Working capital turnover — 35.32 — — —

December 31, 2024 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $191,877K ÷ ($42,973K – $82,888K)
= —

The working capital turnover ratio for Middlesex Water Company indicates how efficiently the company is utilizing its working capital to generate sales revenue. Based on the available data, the working capital turnover ratio was not calculable in 2020, 2021, and 2024. However, in 2023, the ratio was 35.32, which suggests that Middlesex Water Company was able to generate $35.32 in sales revenue for every dollar of working capital during that period.

It is important to note that a higher working capital turnover ratio is generally favorable as it indicates effective management of working capital and efficient operations. However, the lack of data for certain years limits a comprehensive assessment of the company's performance over time. Further analysis and additional data points would be needed to draw more definitive conclusions about Middlesex Water Company's working capital management efficiency.