Pinnacle West Capital Corp (PNW)
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 | 5,124,912 | 5,021,076 | 4,890,036 | 4,702,746 | 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 |
| Total current assets | US$ in thousands | 1,689,400 | 2,264,570 | 2,048,600 | 1,781,980 | 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 |
| Total current liabilities | US$ in thousands | 2,843,800 | 3,197,350 | 3,112,020 | 3,055,870 | 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 |
| Working capital turnover | — | — | — | — | — | 24.35 | — | 186.44 | — | — | — | — | — | 62.55 | — | — | — | 16.75 | — | — |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $5,124,912K ÷ ($1,689,400K – $2,843,800K)
= —
Working capital turnover ratio is a financial metric used to measure how efficiently a company is utilizing its working capital to generate revenue. In the case of Pinnacle West Capital Corp, the working capital turnover ratio fluctuates over the periods provided.
As per the data, the working capital turnover was not calculable for the periods ending March and June in 2020, December in 2020, March and June in 2021, December in 2021, March, June, and December in 2022, March and June in 2023, and December in 2023, 2024. This indicates a lack of financial data or possibly challenges in calculating the ratio for these periods.
The ratio was noteworthy for the quarters ending September 30, 2020, and September 30, 2021, showing values of 16.75 and 62.55, respectively. These periods suggest that the company efficiently utilized its working capital to generate revenue, with a significant improvement observed in September 2021 compared to September 2020.
Subsequent periods, such as September 30, 2023, showed a lower but still respectable ratio of 24.35, indicating a moderate efficiency in converting working capital into revenue. It is important to note that the absence of values for many periods could imply fluctuations in the company's working capital utilization efficiency or the unavailability of relevant financial information.
In conclusion, the working capital turnover ratio for Pinnacle West Capital Corp demonstrates varying levels of efficiency in utilizing working capital to generate revenue over the reported periods, with some periods standing out as particularly efficient compared to others. Monitoring this ratio can provide insights into the company's operational efficiency and financial performance.
Peer comparison
Dec 31, 2024