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.