Atmos Energy Corporation (ATO)
Payables turnover
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,452,170 | 1,682,660 | 1,032,720 | 658,854 | 858,837 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
September 30, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $1,452,170K ÷ $—K
= —
Atmos Energy Corp.'s payables turnover has shown a generally increasing trend over the past five years, indicating improved efficiency in managing its payables. The payables turnover ratio, which measures how efficiently a company pays its suppliers, increased from 4.86 in 2019 to 6.66 in 2023. This indicates that the company is paying its suppliers more frequently relative to the cost of goods sold, which could reflect effective cash management or improved supplier relationships. However, it's important to note that a very high payables turnover ratio may also indicate aggressive or even unsustainable payment practices. Overall, the increasing trend in payables turnover suggests enhanced efficiency in managing the company's payables over the years.
Peer comparison
Sep 30, 2023