Essential Utilities Inc (WTRG)

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 2,053,824 2,279,788 2,303,151 2,315,207 2,288,032 2,118,336 2,045,578 1,993,854 1,878,144 1,816,455 1,803,242 1,790,678 1,462,698 1,214,742 1,109,721 944,145 889,692 869,397 851,908 844,876
Total current assets US$ in thousands 491,979 409,348 406,710 509,772 658,159 541,306 413,295 443,515 437,795 352,504 304,732 348,109 380,220 311,238 312,454 368,008 2,015,130 2,178,890 2,117,920 143,775
Total current liabilities US$ in thousands 797,927 896,568 765,135 803,286 1,021,870 848,093 544,125 678,178 675,063 516,029 469,155 503,394 603,873 666,959 448,179 827,374 323,461 352,123 398,949 434,099
Working capital turnover — — — — — — — — — — — — — — — — 0.53 0.48 0.50 —

December 31, 2023 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $2,053,824K ÷ ($491,979K – $797,927K)
= —

Unfortunately, without specific data for Essential Utilities Inc's working capital turnover for the given quarters, a detailed analysis of the trend and performance of this ratio cannot be provided. Working capital turnover indicates how efficiently a company is utilizing its working capital to generate sales revenue. A higher turnover ratio typically signifies better efficiency in managing working capital.

To conduct a thorough analysis of Essential Utilities Inc's working capital turnover, data for each quarter in the respective years would be needed. Analysts would then calculate the working capital turnover by dividing net sales by average working capital for each period. By comparing the ratios over time, trends in the company's ability to generate sales from its working capital could be identified, providing insights into its operational efficiency and liquidity management.