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.