PPL Corporation (PPL)
Working capital turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 8,312,000 | 7,902,000 | 5,783,000 | 5,474,000 | 5,602,000 |
| Total current assets | US$ in thousands | 2,932,000 | 2,824,000 | 5,007,000 | 20,900,000 | 2,767,000 |
| Total current liabilities | US$ in thousands | 3,340,000 | 3,789,000 | 2,323,000 | 15,055,000 | 4,900,000 |
| Working capital turnover | — | — | 2.15 | 0.94 | — |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $8,312,000K ÷ ($2,932,000K – $3,340,000K)
= —
The working capital turnover ratio for PPL Corp was not available for the years ending December 31, 2023, 2022, 2020, and 2019. However, for the year ending December 31, 2021, the company's working capital turnover ratio was 2.15. This indicates that the company generated $2.15 in revenue for every dollar of working capital invested during that period.
The working capital turnover ratio is a measure of how efficiently a company is using its working capital to generate revenue. A higher ratio typically signifies that the company is effectively managing its working capital to drive sales. It is important for companies to strike a balance in maintaining adequate working capital levels to support day-to-day operations while optimizing its utilization to drive profitability.
Given the lack of data for other years, it is challenging to assess the trend in PPL Corp's working capital turnover ratio over time. Further analysis and additional data points would be needed to gain a more comprehensive understanding of the company's working capital management efficiency.
Peer comparison
Dec 31, 2023