Southwest Gas Holdings Inc (SWX)
Working capital turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 5,112,450 | 5,209,840 | 5,300,150 | 5,411,620 | 5,433,960 | 5,487,320 | 5,443,420 | 5,295,900 | 4,960,010 | 4,623,550 | 4,386,656 | 4,061,957 | 3,680,454 | 3,510,104 | 3,412,634 | 3,348,460 | 3,298,873 | 3,232,930 | 3,166,934 | 3,122,698 |
| Total current assets | US$ in thousands | 1,464,480 | 1,455,400 | 1,691,820 | 1,779,960 | 1,328,230 | 1,998,480 | 2,240,210 | 2,258,020 | 3,707,660 | 1,709,640 | 1,643,840 | 2,046,580 | 1,614,770 | 1,392,610 | 1,006,800 | 1,000,900 | 871,013 | 732,828 | 867,200 | 672,919 |
| Total current liabilities | US$ in thousands | 1,832,100 | 1,702,740 | 1,096,150 | 1,718,660 | 1,684,850 | 1,052,530 | 1,057,410 | 1,610,490 | 3,422,960 | 1,313,730 | 2,350,420 | 2,630,200 | 3,112,050 | 1,355,230 | 1,272,400 | 1,036,040 | 911,967 | 839,222 | 918,017 | 979,815 |
| Working capital turnover | — | — | 8.90 | 88.28 | — | 5.80 | 4.60 | 8.18 | 17.42 | 11.68 | — | — | — | 93.90 | — | — | — | — | — | — |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $5,112,450K ÷ ($1,464,480K – $1,832,100K)
= —
The working capital turnover ratio is a measure of how efficiently a company is able to utilize its working capital to generate sales revenue. For Southwest Gas Holdings Inc, the working capital turnover ratio fluctuated over the periods provided in the data.
In the most recent period available, December 31, 2024, the working capital turnover ratio was not available. However, looking back at previous data points, the company demonstrated significant variations in its working capital turnover ratio.
Notably, the working capital turnover ratio was relatively low in September 2021 and June 2023, signifying that Southwest Gas Holdings Inc may have been less efficient in using its working capital to generate revenue during those periods. In contrast, the ratio saw a notable increase in March 2024, indicating an improvement in efficiency in utilizing working capital.
It is essential for investors and stakeholders to monitor the working capital turnover ratio over time to assess the company's ability to efficiently convert working capital into sales during different financial periods. Further analysis and comparison with industry benchmarks can provide additional insights into Southwest Gas Holdings Inc's operational efficiency and financial performance.
Peer comparison
Dec 31, 2024