Xcel Energy Inc (XEL)
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 | 14,206,000 | 14,817,000 | 15,237,000 | 15,639,000 | 15,310,000 | 14,612,000 | 13,997,000 | 13,641,000 | 13,431,000 | 13,023,000 | 12,738,000 | 12,256,000 | 11,526,000 | 11,377,000 | 11,208,000 | 11,199,000 | 11,529,000 | 11,611,000 | 11,646,000 | 11,727,000 |
| Total current assets | US$ in thousands | 4,069,000 | 4,402,000 | 4,201,000 | 4,253,000 | 5,144,000 | 5,090,000 | 4,842,000 | 4,022,000 | 4,239,000 | 4,487,000 | 4,147,000 | 4,315,000 | 3,275,000 | 3,837,000 | 4,390,000 | 2,983,000 | 3,113,000 | 3,600,000 | 2,939,000 | 2,909,000 |
| Total current liabilities | US$ in thousands | 5,652,000 | 5,073,000 | 5,231,000 | 5,661,000 | 6,078,000 | 4,903,000 | 4,865,000 | 5,352,000 | 5,046,000 | 5,764,000 | 4,950,000 | 4,877,000 | 4,239,000 | 4,393,000 | 5,473,000 | 5,839,000 | 4,568,000 | 5,021,000 | 5,060,000 | 4,424,000 |
| Working capital turnover | — | — | — | — | — | 78.14 | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $14,206,000K ÷ ($4,069,000K – $5,652,000K)
= —
Based on the data provided, Xcel Energy, Inc. has reported a working capital turnover ratio of 78.14 for the third quarter of 2022. This indicates that the company is generating $78.14 in revenue for every dollar of working capital invested during that period. However, without additional data points for other quarters, it is challenging to assess the trend and sustainability of this ratio over time. It would be essential to monitor this metric in future quarters to evaluate the company's efficiency in utilizing its working capital to generate revenue.
Peer comparison
Dec 31, 2023