Targa Resources Inc (TRGP)
Working capital turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 16,060,300 | 20,929,800 | 16,949,800 | 8,260,300 | 8,671,100 |
| Total current assets | US$ in thousands | 2,194,600 | 2,356,600 | 1,769,800 | 1,460,300 | 1,658,300 |
| Total current liabilities | US$ in thousands | 2,760,900 | 3,066,700 | 2,298,500 | 1,779,400 | 1,872,600 |
| Working capital turnover | — | — | — | — | — |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $16,060,300K ÷ ($2,194,600K – $2,760,900K)
= —
To calculate the Working Capital Turnover for Targa Resources Corp, we need to use the following formula:
Working Capital Turnover = Revenue / Average Working Capital
Given that the data provided does not include the Working Capital figures, we are unable to compute the Working Capital Turnover for the specified years. It is essential to have access to both the revenue and working capital values for each year to accurately assess the efficiency of Targa Resources Corp in utilizing its working capital to generate revenue.
Should you obtain the necessary figures in the future, you can use the formula mentioned to calculate the Working Capital Turnover for a particular period. A higher working capital turnover generally indicates that the company effectively generates revenue from its working capital. On the other hand, a lower turnover may suggest inefficiencies in how the company manages its working capital to generate revenue.
Peer comparison
Dec 31, 2023