Atmos Energy Corporation (ATO)

Payables 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
Cost of revenue (ttm)	US$ in thousands	1,052,793	1,452,173	1,639,966	1,844,575	2,049,742	1,682,656	1,575,478	1,413,189	1,115,620	1,032,717	966,970	906,172	650,246	658,854	654,493	659,747	813,540	858,837	888,252	987,812
Payables	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Payables turnover		—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

December 31, 2023 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,052,793K ÷ $—K
= —

Based on the available data, the payables turnover for Atmos Energy Corp. was 6.66 in Q4 2023 and 6.51 in Q4 2022. This indicates that the company was able to manage its accounts payable effectively in those periods, with a higher turnover ratio indicating a more efficient management of payables. However, as there is missing data for the other quarters, it is challenging to perform a comprehensive analysis of the trend in payables turnover over time. It would be beneficial to have additional data points to better evaluate the company's performance in managing its payables.