Nextera Energy Inc (NEE)
Working capital turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 24,708,000 | 23,278,000 | 19,042,000 | 16,976,000 | 17,604,000 |
| Total current assets | US$ in thousands | 15,361,000 | 13,490,000 | 9,288,000 | 7,382,000 | 7,408,000 |
| Total current liabilities | US$ in thousands | 27,963,000 | 26,695,000 | 17,437,000 | 15,558,000 | 13,853,000 |
| Working capital turnover | — | — | — | — | — |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $24,708,000K ÷ ($15,361,000K – $27,963,000K)
= —
To analyze NextEra Energy Inc's working capital turnover, we need to calculate the ratio using the formula:
Working Capital Turnover = Revenue / Average Working Capital
However, since the table provided only shows the working capital turnover as missing for the years 2019 to 2023, we can't directly calculate the ratio without the necessary data.
Working Capital Turnover is a measure of how efficiently a company is using its working capital to generate revenue. A higher ratio indicates that the company is utilizing its working capital effectively to generate sales.
Without the specific values for revenue and working capital for the respective years, we are unable to perform the calculation and provide a detailed analysis of NextEra Energy Inc's working capital turnover. It is recommended to refer to the company's financial statements or seek additional information to perform a thorough analysis.
Peer comparison
Dec 31, 2023