Ormat Technologies Inc (ORA)

Working capital turnover

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Revenue US$ in thousands 879,654 829,424 734,159 663,084 705,342
Total current assets US$ in thousands 547,122 646,003 456,717 601,932 779,154
Total current liabilities US$ in thousands 598,078 537,012 343,910 544,156 248,647
Working capital turnover — 7.61 6.51 11.48 1.33

December 31, 2024 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $879,654K ÷ ($547,122K – $598,078K)
= —

The working capital turnover of Ormat Technologies Inc has shown variability over the years. In 2020, the working capital turnover was 1.33, indicating that the company generated $1.33 in revenue for every dollar of working capital invested.

However, in 2021, there was a significant improvement in efficiency as the working capital turnover surged to 11.48, reflecting a substantial increase in the company's ability to generate revenue from its working capital. This could signify better management of the company's current assets and liabilities.

In 2022 and 2023, the working capital turnover remained above 6, indicating that Ormat Technologies Inc continued to efficiently utilize its working capital to generate revenue. The stable performance over these years suggests consistent management practices in optimizing the company's liquidity and operational efficiency.

It is notable that the data for 2024 is not available (represented as a dash), which limits our ability to assess the most recent performance of Ormat Technologies Inc in terms of working capital turnover. Additional information would be required to further analyze the company's current position and efficiency in managing its working capital.