Portland General Electric Co (POR)

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	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	2,123,000	2,099,000	2,082,000	2,071,000
Total current assets	US$ in thousands	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	500,000	416,000	440,000	596,000
Total current liabilities	US$ in thousands	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	519,000	514,000	440,000	731,000
Working capital turnover		—	32.78	—	184.60	—	—	—	—	—	73.25	—	—	—	—	—	—	—	—	—	—

December 31, 2023 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $2,923,000K ÷ ($935,000K – $1,112,000K)
= —

The working capital turnover ratio for Portland General Electric Co ranged from 32.78 in Q3 2023 to 184.60 in Q1 2023. The significant fluctuation in the ratio indicates varying efficiency in utilizing working capital to generate sales revenue during the observed periods. The lack of data for the other quarters hinders a more comprehensive analysis over time, but the company should monitor this ratio closely to ensure optimal management of its working capital.