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.
Peer comparison
Dec 31, 2023
Company name
Symbol
Working capital turnover
Portland General Electric Co
POR
—
American Electric Power Company Inc
AEP
—
Black Hills Corporation
BKH
—
CenterPoint Energy Inc
CNP
—
Clearway Energy Inc Class C
CWEN
2.01
Constellation Energy Corp
CEG
12.58
Dominion Energy Inc
D
15.80
DTE Energy Company
DTE
—
Edison International
EIX
—
Entergy Corporation
ETR
—
Eversource Energy
ES
—