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.