PPL Corporation (PPL)
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 | 8,312,000 | 8,571,000 | 8,662,000 | 8,535,000 | 7,902,000 | 7,097,000 | 6,475,000 | 6,067,000 | 5,783,000 | 5,669,000 | 5,557,000 | 5,532,000 | 5,474,000 | 6,057,000 | 6,590,000 | 7,130,000 | 7,769,000 | 7,754,000 | 7,693,000 | 7,738,000 |
| Total current assets | US$ in thousands | 2,932,000 | 2,754,000 | 2,725,000 | 3,038,000 | 2,824,000 | 2,720,000 | 2,301,000 | 5,713,000 | 5,007,000 | 6,137,000 | 9,018,000 | 20,327,000 | 20,900,000 | 2,695,000 | 3,268,000 | 2,956,000 | 2,767,000 | 2,534,000 | 2,231,000 | 2,429,000 |
| Total current liabilities | US$ in thousands | 3,340,000 | 2,879,000 | 2,505,000 | 2,480,000 | 3,789,000 | 3,315,000 | 3,726,000 | 3,033,000 | 2,323,000 | 2,343,000 | 4,172,000 | 15,623,000 | 15,055,000 | 5,442,000 | 5,168,000 | 5,322,000 | 4,900,000 | 3,840,000 | 4,063,000 | 4,061,000 |
| Working capital turnover | — | — | 39.37 | 15.30 | — | — | — | 2.26 | 2.15 | 1.49 | 1.15 | 1.18 | 0.94 | — | — | — | — | — | — | — |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $8,312,000K ÷ ($2,932,000K – $3,340,000K)
= —
The working capital turnover for PPL Corp has shown fluctuation over the past few quarters, with a significant increase in Q2 2023 compared to Q1 2023. The working capital turnover ratio measures how efficiently a company is using its working capital to generate revenue.
A high working capital turnover ratio indicates that the company is effectively managing its working capital to support its operations and generate sales. In Q2 2023, the working capital turnover ratio of 39.37 suggests that PPL Corp managed to generate $39.37 in revenue for every $1 of working capital invested during that quarter.
The sharp increase in the working capital turnover ratio from Q1 to Q2 2023 indicates an improvement in efficiency in utilizing working capital. However, it is important to note that there is missing data for Q4 2023 and Q4 2022, which limits the ability to analyze the trend over a longer time period.
Further analysis of working capital components and other financial ratios would provide a more comprehensive understanding of PPL Corp's overall financial performance and management of working capital.
Peer comparison
Dec 31, 2023