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.