PG&E Corp (PCG)
Working capital turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 24,419,000 | 24,829,000 | 24,776,000 | 24,080,000 | 24,428,000 | 22,757,000 | 22,263,000 | 22,091,000 | 21,680,000 | 21,556,000 | 21,627,000 | 21,724,000 | 20,642,000 | 20,988,000 | 20,014,000 | 19,133,000 | 18,469,000 | 17,835,000 | 17,724,000 | 17,273,000 |
| Total current assets | US$ in thousands | 17,216,000 | 17,547,000 | 16,739,000 | 15,231,000 | 14,383,000 | 12,809,000 | 12,681,000 | 12,297,000 | 12,815,000 | 12,210,000 | 11,674,000 | 10,376,000 | 11,077,000 | 11,527,000 | 10,289,000 | 9,067,000 | 9,602,000 | 9,798,000 | 25,013,000 | 10,558,000 |
| Total current liabilities | US$ in thousands | 16,330,000 | 16,883,000 | 18,543,000 | 15,453,000 | 17,314,000 | 15,172,000 | 13,202,000 | 14,801,000 | 15,788,000 | 14,027,000 | 15,007,000 | 16,560,000 | 17,427,000 | 17,784,000 | 15,493,000 | 12,217,000 | 13,581,000 | 13,321,000 | 45,795,000 | 8,253,000 |
| Working capital turnover | 27.56 | 37.39 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 7.49 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $24,419,000K ÷ ($17,216,000K – $16,330,000K)
= 27.56
The working capital turnover ratio for PG&E Corp provides insight into how efficiently the company is utilizing its working capital to generate sales revenue. Based on the available data, the working capital turnover ratio for PG&E Corp was 7.49 as of March 31, 2020. This indicates that for every dollar of working capital invested, the company generated $7.49 in sales revenue during that period.
It is important to note that the working capital turnover ratio was not provided for subsequent quarters in the dataset, except for December 31, 2024, which was 27.56. The significant increase in the working capital turnover ratio from 7.49 in March 31, 2020, to 27.56 in December 31, 2024, suggests an improvement in the efficiency of PG&E Corp's working capital management over the years.
A higher working capital turnover ratio indicates better efficiency in the utilization of working capital to drive sales, implying that the company is managing its current assets and liabilities effectively. However, without data for the interim periods, it is difficult to assess the trend or fluctuations in the ratio during the intervening years.
In conclusion, the working capital turnover ratio for PG&E Corp has shown a positive trend over the years, reflecting improved efficiency in turning working capital into sales revenue. Monitoring this ratio over time can provide valuable insights into the company's operational efficiency and financial performance.
Peer comparison
Dec 31, 2024