OGE Energy Corporation (OGE)

Working capital turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	2,674,300	3,375,700	3,653,700	2,122,300	2,231,600
Total current assets	US$ in thousands	771,500	1,340,800	613,600	428,500	430,200
Total current liabilities	US$ in thousands	1,179,200	1,802,200	1,089,600	697,400	657,900
Working capital turnover		—	—	—	—	—

December 31, 2023 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $2,674,300K ÷ ($771,500K – $1,179,200K)
= —

To calculate Oge Energy Corp.'s working capital turnover, we need the information on the company's net sales and working capital for each year. Working capital turnover is calculated by dividing net sales by the average working capital.

Unfortunately, without the specific figures for net sales and working capital for the years 2019 to 2023, we are unable to calculate the working capital turnover for Oge Energy Corp.

Working capital turnover is a key financial ratio that measures how efficiently a company is utilizing its working capital to generate sales. A higher working capital turnover ratio indicates that the company is efficient in its operations and is generating more sales relative to its working capital. Conversely, a lower ratio may indicate inefficient use of working capital.

Therefore, without the necessary data for analysis, we are unable to provide insights into Oge Energy Corp.'s working capital turnover performance over the specified years.