Shenandoah Telecommunications Co (SHEN)

Working capital turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	328,058	287,379	267,371	245,239	220,775
Total current assets	US$ in thousands	94,520	176,071	128,562	166,367	1,408,720
Total current liabilities	US$ in thousands	114,571	98,355	100,245	67,290	755,859
Working capital turnover		—	3.70	9.44	2.48	0.34

December 31, 2024 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $328,058K ÷ ($94,520K – $114,571K)
= —

Shenandoah Telecommunications Co's working capital turnover has shown significant fluctuations over the past few years. In December 2020, the working capital turnover was relatively low at 0.34, indicating that the company was inefficiently generating revenue with its working capital. However, by the end of December 2021, the working capital turnover had increased significantly to 2.48, suggesting that the company was managing its working capital more effectively to generate revenue.

The trend continued in December 2022, with the working capital turnover jumping to 9.44, which is a substantial improvement and indicates that Shenandoah Telecommunications Co was utilizing its working capital very efficiently to generate sales. However, in December 2023, the working capital turnover decreased to 3.70, although still at a relatively healthy level compared to the initial period.

It's important to note that the data for December 31, 2024, is not available, so it's unclear how the company's working capital turnover may have evolved beyond 2023. Overall, the company has shown variations in its working capital turnover in recent years, but the general trend indicates an improvement in utilizing working capital to generate revenue efficiently.