Portland General Electric Co (POR)
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 | 3,440,000 | 3,221,000 | 3,094,000 | 3,016,000 | 2,923,000 | 2,885,000 | 2,826,000 | 2,769,000 | 2,647,000 | 2,568,000 | 2,467,000 | 2,413,000 | 2,396,000 | 2,344,000 | 2,249,000 | 2,181,000 | 2,145,000 | 2,137,000 | 2,132,000 | 2,123,000 |
| Total current assets | US$ in thousands | 1,025,000 | 950,000 | 848,000 | 1,082,000 | 935,000 | 724,000 | 676,000 | 766,000 | 1,210,000 | 750,000 | 802,000 | 876,000 | 688,000 | 899,000 | 604,000 | 622,000 | 721,000 | 720,000 | 736,000 | 505,000 |
| Total current liabilities | US$ in thousands | 1,119,000 | 972,000 | 850,000 | 885,000 | 1,112,000 | 636,000 | 761,000 | 751,000 | 1,496,000 | 990,000 | 920,000 | 931,000 | 768,000 | 867,000 | 856,000 | 774,000 | 815,000 | 924,000 | 769,000 | 632,000 |
| Working capital turnover | — | — | — | 15.31 | — | 32.78 | — | 184.60 | — | — | — | — | — | 73.25 | — | — | — | — | — | — |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $3,440,000K ÷ ($1,025,000K – $1,119,000K)
= —
The working capital turnover ratio measures how efficiently a company utilizes its working capital to generate sales. A higher ratio indicates better efficiency in managing working capital.
Based on the provided data for Portland General Electric Co:
- The working capital turnover was not calculable or significant for the periods ending March 31, 2020, June 30, 2020, September 30, 2020, December 31, 2020, March 31, 2021, June 30, 2021, December 31, 2021, March 31, 2022, June 30, 2022, June 30, 2024, September 30, 2024, and December 31, 2024.
- The working capital turnover for the period ending September 30, 2021, was 73.25, indicating a relatively strong efficiency in utilizing working capital to generate sales.
- The ratio decreased significantly by March 31, 2023, to 184.60, suggesting a more efficient use of working capital to generate sales.
- However, by September 30, 2023, the ratio dropped to 32.78, indicating a decline in the efficiency of working capital utilization compared to the previous period.
- The ratio decreased further by March 31, 2024, to 15.31, signifying a continued decrease in efficiency in using working capital to generate sales.
In summary, the working capital turnover for Portland General Electric Co has shown fluctuations over the reporting periods, with periods of high efficiency followed by declines. It is essential for the company to closely monitor its working capital management to maintain efficient operations and optimize its financial performance.
Peer comparison
Dec 31, 2024