Quanta Services Inc (PWR)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 23,672,800 | 20,882,200 | 17,073,900 | 12,980,200 | 11,202,700 |
| Total current assets | US$ in thousands | 7,851,030 | 7,676,900 | 5,536,070 | 4,732,580 | 3,588,390 |
| Total current liabilities | US$ in thousands | 6,028,510 | 5,213,120 | 3,406,190 | 3,164,960 | 2,138,560 |
| Working capital turnover | 12.99 | 8.48 | 8.02 | 8.28 | 7.73 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $23,672,800K ÷ ($7,851,030K – $6,028,510K)
= 12.99
Based on the data provided, the working capital turnover for Quanta Services Inc has shown an increasing trend over the years. In 2020, the working capital turnover was 7.73, which improved to 8.28 in 2021. Subsequently, in 2022, it decreased slightly to 8.02 before increasing again to 8.48 in 2023. The most significant increase was observed in 2024, reaching a ratio of 12.99.
This trend indicates that Quanta Services Inc has been more efficient in managing its working capital over the years. A higher working capital turnover ratio generally signifies that the company is able to generate more revenue per dollar of working capital employed. This improvement in efficiency can be a positive sign of effective financial management and operational performance for the company.
Peer comparison
Dec 31, 2024