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