UNITIL Corporation (UTL)

Working capital turnover

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	1,079,300	1,149,700	1,162,300	1,153,300	1,098,100	1,055,800	1,031,600	1,027,000	919,400	874,400	853,000	827,600	810,800	809,600	805,400	806,400	862,300	879,700	884,400	883,500
Total current assets	US$ in thousands	177,100	156,400	161,300	197,900	194,800	150,600	139,100	163,100	159,700	121,000	114,200	132,700	139,300	117,300	109,600	125,800	130,900	107,400	107,400	133,900
Total current liabilities	US$ in thousands	277,300	243,400	238,000	253,500	260,100	193,600	155,000	157,700	173,500	126,600	133,300	122,900	136,100	98,200	149,300	147,100	159,800	144,400	156,000	164,800
Working capital turnover		—	—	—	—	—	—	—	190.19	—	—	—	84.45	253.38	42.39	—	—	—	—	—	—

December 31, 2023 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,079,300K ÷ ($177,100K – $277,300K)
= —

Based on the provided data, we observe that the working capital turnover for Unitil Corp. was not available for the most recent quarters; however, in Q1 2022, it was 97.61. This indicates that Unitil Corp. was able to effectively utilize its working capital to generate sales during that period.

A high working capital turnover ratio suggests that the company is efficiently managing its working capital to support its operational activities and generate revenue. It reflects the company's ability to minimize excess working capital that is not being utilized effectively in the business.

Without the values for the most recent quarters, we are unable to assess the trend in the working capital turnover for Unitil Corp. It would be important to monitor future data to understand if the company is able to sustain or improve its working capital efficiency over time.