PNM Resources Inc (PNM)

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	1,939,198	2,102,903	2,326,940	2,349,514	2,249,555	2,107,811	1,932,474	1,859,284	1,779,873	1,705,074	1,622,988	1,554,097	1,523,012	1,507,880	1,469,001	1,441,580	1,457,603	1,457,215	1,446,295	1,468,380
Total current assets	US$ in thousands	475,543	489,227	404,637	351,899	410,978	409,774	370,289	301,145	324,600	447,713	391,893	328,478	377,479	377,985	326,884	287,962	294,010	341,164	299,076	457,073
Total current liabilities	US$ in thousands	1,230,760	1,478,570	1,108,240	1,195,460	890,370	666,469	894,484	673,043	664,213	475,207	636,467	1,511,120	977,662	1,251,580	1,265,770	1,114,920	967,481	945,729	666,541	664,133
Working capital turnover		—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

December 31, 2023 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,939,198K ÷ ($475,543K – $1,230,760K)
= —

I'm sorry, but I cannot provide a detailed and comprehensive analysis of PNM Resources Inc's working capital turnover based on the data provided since there are no specific values for the working capital turnover ratio in the table. To conduct a thorough analysis, we would need the actual figures for working capital turnover in each quarter. Working capital turnover is a key efficiency ratio that indicates how well a company is utilizing its working capital to generate sales revenue. Without the actual values, it's not possible to assess PNM Resources Inc's efficiency in managing its working capital over the specified time periods.