Pinnacle West Capital Corp (PNW)

Working capital turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	4,695,990	4,324,380	3,803,840	3,586,980	3,471,210
Total current assets	US$ in thousands	1,926,970	1,750,550	1,551,100	1,198,320	1,030,030
Total current liabilities	US$ in thousands	2,889,350	1,762,140	1,756,870	1,360,430	2,078,360
Working capital turnover		—	—	—	—	—

December 31, 2023 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $4,695,990K ÷ ($1,926,970K – $2,889,350K)
= —

To calculate the working capital turnover ratio for Pinnacle West Capital Corp., we need to first determine the working capital for each year using the formula:

Working Capital = Current Assets - Current Liabilities

Once we have calculated the working capital for each year based on the provided data, the working capital turnover can be computed as:

Working Capital Turnover = Revenue / Average Working Capital

By dividing the total revenue for each year by the average working capital for that year, we can assess how efficiently Pinnacle West Capital Corp. is utilizing its working capital to generate sales.

It appears that the necessary data to calculate the working capital turnover ratio for Pinnacle West Capital Corp. is not provided in the table. Without the specific values for current assets, current liabilities, and revenue for each year, an in-depth analysis of the working capital turnover ratio is not feasible. Additional information is required to conduct a thorough evaluation of Pinnacle West Capital Corp.'s working capital efficiency over the years.