Pinnacle West Capital Corp (PNW)
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 | 4,695,989 | 4,713,725 | 4,545,835 | 4,485,805 | 4,324,381 | 4,113,928 | 3,952,308 | 3,890,888 | 3,803,832 | 3,745,936 | 3,692,186 | 3,621,526 | 3,586,981 | 3,516,411 | 3,452,701 | 3,392,612 | 3,471,212 | 3,557,197 | 3,634,437 | 3,739,059 |
| Total current assets | US$ in thousands | 1,926,970 | 2,161,940 | 1,851,740 | 1,748,390 | 1,750,550 | 2,016,560 | 1,798,150 | 1,594,590 | 1,551,100 | 1,709,150 | 1,523,180 | 1,169,780 | 1,198,320 | 1,454,690 | 1,147,090 | 1,078,310 | 1,030,030 | 1,133,160 | 1,028,570 | 876,389 |
| Total current liabilities | US$ in thousands | 2,889,350 | 1,968,340 | 1,932,580 | 1,724,330 | 1,762,140 | 2,060,900 | 2,022,450 | 1,596,730 | 1,756,870 | 1,649,260 | 2,023,270 | 1,330,540 | 1,360,430 | 1,244,780 | 1,496,360 | 2,295,490 | 2,078,360 | 1,586,750 | 1,900,960 | 1,591,300 |
| Working capital turnover | — | 24.35 | — | 186.44 | — | — | — | — | — | 62.55 | — | — | — | 16.75 | — | — | — | — | — | — |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $4,695,989K ÷ ($1,926,970K – $2,889,350K)
= —
Based on the provided data for Pinnacle West Capital Corp., the working capital turnover ratio for Q4 2023 is not available as indicated by a dash. In Q3 2023, the working capital turnover ratio was 24.35, signifying that the company generated $24.35 in revenue for each dollar of working capital.
Comparing this to Q1 2023, where the working capital turnover ratio was substantially higher at 186.44, it suggests that the company was able to generate significantly more revenue per dollar of working capital in that quarter. However, without additional data for Q2 2023 and historical context from previous quarters, it is challenging to draw further conclusions or trends regarding Pinnacle West Capital Corp.'s efficiency in utilizing its working capital to generate revenue.
Analyzing the working capital turnover ratio in isolation provides limited insights. It would be more informative to evaluate this ratio in conjunction with other financial metrics and industry benchmarks to assess the company's operational efficiency and financial performance comprehensively.
Peer comparison
Dec 31, 2023