PG&E Corp (PCG)
Working capital turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 24,428,000 | 21,680,000 | 20,642,000 | 18,469,000 | 17,129,000 |
| Total current assets | US$ in thousands | 14,383,000 | 12,815,000 | 11,077,000 | 9,602,000 | 10,165,000 |
| Total current liabilities | US$ in thousands | 17,314,000 | 15,788,000 | 17,427,000 | 13,581,000 | 7,631,000 |
| Working capital turnover | — | — | — | — | 6.76 |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $24,428,000K ÷ ($14,383,000K – $17,314,000K)
= —
Working capital turnover measures how efficiently a company utilizes its working capital to generate revenue. The formula for working capital turnover is Net Sales divided by Average Working Capital.
Given the data provided, the working capital turnover for PG&E Corp. is not available for the years 2023, 2022, 2021, and 2020. However, for the year 2019, the working capital turnover was 6.76. This indicates that in 2019, PG&E Corp. generated $6.76 of revenue for every dollar of working capital invested.
The lack of data for the subsequent years limits a comparative analysis across different periods. It would be helpful to assess the trend in working capital turnover over time to determine if PG&E Corp. has become more efficient in utilizing its working capital to generate revenue.
Peer comparison
Dec 31, 2023