NRG Energy Inc. (NRG)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 28,130,000 | 28,823,000 | 31,543,000 | 26,989,000 | 9,093,000 |
| Total current assets | US$ in thousands | 199,000 | 9,727,000 | 16,231,000 | 10,841,000 | 6,028,000 |
| Total current liabilities | US$ in thousands | 8,813,000 | 9,500,000 | 12,982,000 | 7,915,000 | 1,915,000 |
| Working capital turnover | — | 126.97 | 9.71 | 9.22 | 2.21 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $28,130,000K ÷ ($199,000K – $8,813,000K)
= —
The trend of NRG Energy Inc.'s working capital turnover ratio reflects a significant improvement over the years. The ratio has increased substantially from 2.21 in December 2020 to 9.22 in December 2021, indicating a more efficient utilization of the company's working capital to generate revenue.
This positive trend continued in the following years, with the ratio reaching 9.71 in December 2022 and further surging to 126.97 by December 2023. Such a sharp increase suggests a remarkable efficiency in converting working capital into sales during this period.
However, the absence of data for December 31, 2024, limits the ability to evaluate the most recent performance. Overall, the increasing trend in the working capital turnover ratio signifies an improvement in the company's operational efficiency and effective management of working capital to support business operations.
Peer comparison
Dec 31, 2024