UNITIL Corporation (UTL)

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 953,400 958,900 980,900 996,300 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
Total current assets US$ in thousands 188,800 162,600 160,000 189,400 177,100 156,400 161,300 197,900 194,800 150,600 139,100 163,100 159,700 121,000 114,200 132,700 139,300 117,300 109,600 125,800
Total current liabilities US$ in thousands 228,700 179,200 274,300 276,600 277,300 243,400 238,000 253,500 260,100 193,600 155,000 157,700 173,500 126,600 133,300 122,900 136,100 98,200 149,300 147,100
Working capital turnover — — — — — — — — — — — 190.19 — — — 84.45 253.38 42.39 — —

December 31, 2024 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $953,400K ÷ ($188,800K – $228,700K)
= —

Working Capital Turnover measures how efficiently a company is using its working capital to generate sales revenue. UNITIL Corporation's Working Capital Turnover ratio fluctuated significantly over the observed periods.

In September 2020, the ratio was 42.39, indicating that for every dollar of working capital, the company generated $42.39 of sales. This suggests a moderate efficiency in the utilization of working capital during that period.

The ratio spiked in December 2020 to 253.38, signaling a sharp increase in efficiency in converting working capital into sales revenue. This substantial improvement could be due to a more effective management of working capital or increased sales turnover.

Subsequently, the ratio dropped to 84.45 in March 2021, implying a decrease in efficiency compared to the prior period. However, the ratio improved again to 190.19 in March 2022, reflecting a more efficient use of working capital.

It is notable that for the rest of the observed periods, the Working Capital Turnover ratio was not reported (\u2014), indicating a lack of available data or potentially stable operating conditions.

Overall, the analysis of UNITIL Corporation's working capital turnover shows varying levels of efficiency in utilizing working capital to generate sales revenue over the provided periods. Further examination of the company's financial performance and operational strategies would be necessary to fully understand the factors influencing these fluctuations.