Targa Resources Inc (TRGP)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 16,381,500 | 16,060,300 | 20,929,800 | 16,949,800 | 8,260,300 |
| Total current assets | US$ in thousands | 2,296,300 | 2,194,600 | 2,356,600 | 1,769,800 | 1,460,300 |
| Total current liabilities | US$ in thousands | 3,172,600 | 2,760,900 | 3,066,700 | 2,298,500 | 1,779,400 |
| Working capital turnover | — | — | — | — | — |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $16,381,500K ÷ ($2,296,300K – $3,172,600K)
= —
Based on the provided data, it appears that the working capital turnover ratio for Targa Resources Inc is not available or not provided for the years 2020 through 2024. Without this specific information, it is challenging to assess how effectively the company is utilizing its working capital to support its operations and generate sales revenue.
It is recommended to obtain the necessary financial data or seek additional information to calculate the working capital turnover ratio accurately. This ratio is essential for evaluating a company's efficiency in managing its working capital to drive its operational activities and overall financial performance.
Peer comparison
Dec 31, 2024