Targa Resources Inc (TRGP)

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	16,473,200	16,299,700	16,344,500	16,129,600	16,052,600	16,375,600	17,839,100	20,491,200	20,929,800	21,816,600	20,916,200	18,276,300	16,949,900	14,081,100	11,736,500	9,844,100	8,260,300	8,161,400	7,948,800	8,420,600
Total current assets	US$ in thousands	2,296,300	2,028,200	1,866,600	1,973,000	2,194,600	2,139,300	1,728,800	1,638,800	2,356,600	2,497,300	2,164,100	1,900,500	1,769,800	1,993,300	1,317,900	1,408,800	1,460,300	1,444,400	1,225,000	1,214,300
Total current liabilities	US$ in thousands	3,172,600	2,627,300	2,890,600	2,814,500	2,760,900	2,682,100	2,320,600	2,466,600	3,066,700	3,393,700	3,153,400	2,910,400	2,298,500	2,868,300	2,102,100	1,765,000	1,779,400	1,380,900	1,319,700	1,196,000
Working capital turnover		—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	128.53	—	460.14

December 31, 2024 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $16,473,200K ÷ ($2,296,300K – $3,172,600K)
= —

Targa Resources Inc's working capital turnover ratio provides insight into how efficiently the company is utilizing its working capital to generate sales revenue. In the available data, the working capital turnover ratio for March 31, 2020, is 460.14, indicating that for that period, the company generated $460.14 in revenue for every dollar of working capital invested.

However, there is missing data for the subsequent quarters and years, as denoted by "—". This absence of information limits our ability to track the trend of the working capital turnover ratio over time and assess the consistency of the company's working capital management.

It is important for investors and analysts to have access to a complete set of data to accurately evaluate Targa Resources Inc's working capital turnover and assess its operational efficiency. Further analysis would be required to determine any underlying reasons for the lack of data, potential implications for the company's financial health, and the impact on investment decisions.