NRG Energy Inc. (NRG)
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 | 28,823,000 | 29,871,000 | 30,435,000 | 31,369,000 | 31,543,000 | 30,734,000 | 28,833,000 | 26,794,000 | 26,989,000 | 21,970,000 | 18,170,000 | 15,165,000 | 9,093,000 | 9,261,000 | 9,448,000 | 9,675,000 | 9,821,000 | 9,618,000 | 9,582,000 | 9,578,000 |
| Total current assets | US$ in thousands | 9,727,000 | 9,468,000 | 10,121,000 | 10,208,000 | 16,231,000 | 18,963,000 | 21,148,000 | 16,837,000 | 10,841,000 | 14,572,000 | 8,624,000 | 6,552,000 | 6,028,000 | 3,087,000 | 3,076,000 | 3,479,000 | 3,088,000 | 3,187,000 | 3,045,000 | 3,458,000 |
| Total current liabilities | US$ in thousands | 9,500,000 | 8,930,000 | 9,876,000 | 10,326,000 | 12,982,000 | 14,366,000 | 16,437,000 | 12,233,000 | 7,915,000 | 12,009,000 | 6,931,000 | 5,795,000 | 1,915,000 | 1,986,000 | 2,157,000 | 2,852,000 | 2,359,000 | 2,564,000 | 2,294,000 | 1,945,000 |
| Working capital turnover | 126.97 | 55.52 | 124.22 | — | 9.71 | 6.69 | 6.12 | 5.82 | 9.22 | 8.57 | 10.73 | 20.03 | 2.21 | 8.41 | 10.28 | 15.43 | 13.47 | 15.44 | 12.76 | 6.33 |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $28,823,000K ÷ ($9,727,000K – $9,500,000K)
= 126.97
The working capital turnover for NRG Energy Inc. has shown significant fluctuations over the quarters in the provided data.
In Q4 2023, the working capital turnover was 126.97, demonstrating a substantial increase compared to the previous quarters. This sharp increase indicates that NRG Energy Inc. efficiently managed its working capital in the fourth quarter of 2023, generating a high level of revenue relative to its working capital investment.
In Q3 2023, the working capital turnover was 55.52, indicating a slight decrease from the previous quarter but still showing efficient utilization of working capital.
The working capital turnover was notably high in Q2 2023, reaching 124.22, which reflects another period of strong performance in terms of working capital efficiency.
Notably, there is no data available for Q1 2023.
In contrast, the working capital turnover was significantly lower in the preceding quarters, with values around 5-10. These lower values suggest comparatively lower revenue generation relative to working capital in those periods.
Overall, the trend in the working capital turnover for NRG Energy Inc. indicates that there have been periods of both strong and weaker working capital efficiency. The company's ability to effectively manage its working capital and generate revenue from its operational activities appears to have improved notably in the more recent quarters. However, the absence of data for Q1 2023 limits the comprehensive understanding of the company's working capital turnover dynamics for the entirety of the specified period.
Peer comparison
Dec 31, 2023