Atmos Energy Corporation (ATO)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —
Based on the data provided, the number of days of payables for Atmos Energy Corp. fluctuated over the observed periods. In Q4 2023, the number of days of payables was 54.84 days, indicating that the company took approximately 54.84 days on average to pay its creditors. This was a decrease from the previous quarter when the exact number of days was not available.
Comparing this to the figure of 56.07 days in Q4 2022, there was a slight improvement in the efficiency of managing payables by reducing the number of days taken to settle obligations. However, without additional data from the remaining quarters, a full trend analysis is not possible.
It is advisable to monitor this ratio over consecutive periods to identify any consistency or trends in the company's ability to manage its payables efficiently. A decreasing trend may suggest improved cash management or negotiation power with suppliers, while an increasing trend could indicate potential liquidity or operational issues that need further investigation.
Peer comparison
Dec 31, 2023