Essential Utilities Inc (WTRG)
Working capital turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,053,820 | 2,288,030 | 1,878,140 | 1,462,700 | 889,692 |
| Total current assets | US$ in thousands | 491,979 | 658,159 | 437,795 | 380,220 | 2,015,130 |
| Total current liabilities | US$ in thousands | 797,927 | 1,021,870 | 675,063 | 603,873 | 323,461 |
| Working capital turnover | — | — | — | — | 0.53 |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $2,053,820K ÷ ($491,979K – $797,927K)
= —
Working capital turnover ratio indicates the efficiency of Essential Utilities Inc in utilizing its working capital to generate sales revenue. The ratio is calculated by dividing net sales by the average working capital for a particular period.
Based on the available data, the working capital turnover for Essential Utilities Inc was not provided for the years 2023, 2022, 2021, and 2020. However, in 2019, the working capital turnover was 0.53. This indicates that for every $1 of working capital invested, the company generated $0.53 in sales revenue during 2019.
The absence of working capital turnover data for the subsequent years makes it challenging to assess the trend and efficiency of working capital utilization by Essential Utilities Inc. Further details or additional calculations are required to analyze the company's recent performance in terms of working capital turnover effectively.
Peer comparison
Dec 31, 2023