Southwest Gas Holdings Inc (SWX)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,112,440 | 5,433,970 | 4,960,010 | 3,680,450 | 3,298,870 |
| Total current assets | US$ in thousands | 1,464,480 | 1,881,110 | 3,707,660 | 1,614,770 | 871,013 |
| Total current liabilities | US$ in thousands | 1,832,100 | 1,684,850 | 3,422,960 | 3,112,050 | 911,967 |
| Working capital turnover | — | 27.69 | 17.42 | — | — |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $5,112,440K ÷ ($1,464,480K – $1,832,100K)
= —
The working capital turnover ratio for Southwest Gas Holdings Inc indicates an improving efficiency in the utilization of its working capital over the years. The ratio was not available for 2020 and 2021; however, it increased significantly from 17.42 in 2022 to 27.69 in 2023, showcasing a more effective management of its working capital during that period. The lack of data for 2024 prevents a complete trend analysis, but the substantial increase in 2023 suggests that the company has been more efficient in generating revenue from its working capital investments.
Peer comparison
Dec 31, 2024