Atmos Energy Corporation (ATO)
Number of days of payables
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | — | — | — | — | — | |
| Number of days of payables | days | — | — | — | — | — |
September 30, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —
The number of days of payables for Atmos Energy Corp. has shown a decreasing trend over the past five years. As of September 30, 2023, the company takes approximately 54.84 days to pay its suppliers, which is lower than the 56.07 days in the previous year and significantly lower compared to 79.48 days and 78.15 days in 2021 and 2020, respectively. This suggests that the company has been able to manage its payables more efficiently, potentially indicating improved liquidity or negotiation power with its suppliers. The decreasing trend in the number of days of payables reflects positively on the company's working capital management.
Peer comparison
Sep 30, 2023