NewJersey Resources Corporation (NJR)

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	2,192,587	2,674,367	3,468,262	4,014,136	4,540,009	4,515,989	4,164,967	3,884,509	3,766,679	3,389,416	3,981,548	3,708,295	3,052,065	2,991,428	1,955,697	2,090,606	2,344,402	2,542,837	2,721,864	2,844,092
Total current assets	US$ in thousands	676,958	532,077	520,360	615,972	1,011,820	756,087	740,082	556,036	760,322	634,274	518,258	535,228	609,204	622,332	521,078	500,874	692,611	511,606	509,971	605,185
Total current liabilities	US$ in thousands	962,032	806,603	668,954	711,477	1,066,240	1,104,150	969,434	882,137	1,097,770	1,051,410	613,626	416,066	518,672	533,722	902,259	824,349	805,543	446,377	582,045	583,799
Working capital turnover		—	—	—	—	—	—	—	—	—	—	—	31.12	33.71	33.76	—	—	—	38.98	—	132.99

December 31, 2023 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $2,192,587K ÷ ($676,958K – $962,032K)
= —

Based on the data provided, the working capital turnover ratio for New Jersey Resources Corporation is not available for the periods specified. This may indicate that the company's financial statements do not disclose the necessary information to calculate this particular ratio, or there may be inconsistencies in the data provided. Without this specific ratio, it is challenging to assess how efficiently the company is utilizing its working capital to generate sales revenue. It is recommended to carefully review the financial statements and seek additional information to accurately calculate and analyze the working capital turnover ratio for a more comprehensive evaluation of the company's liquidity management.