National Fuel Gas Company (NFG)

Days of sales outstanding (DSO)

		Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Receivables turnover		—	—	284.02	183.00	—	—	194.90	53.22	—	—	247.73	87.02	—	—	627.02	78.71	—	—	105.10	10.36
DSO	days	—	—	1.29	1.99	—	—	1.87	6.86	—	—	1.47	4.19	—	—	0.58	4.64	—	—	3.47	35.22

September 30, 2024 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ —
= —

The days of sales outstanding (DSO) for National Fuel Gas Company have fluctuated over the past few quarters. The DSO indicates the average number of days that the company takes to collect revenue after making a sale.

In the most recent quarter at the end of September 2024, the DSO figure was not available. However, in the previous quarter at the end of June 2024, the DSO was relatively low at 1.29 days, suggesting that the company efficiently collected revenue from sales during that period.

Looking further back, in March 2024 and December 2023, the DSO figures were 1.87 days and 1.99 days, respectively, indicating consistent collection efficiency in those quarters as well. However, in December 2022, the DSO was significantly higher at 6.86 days, which may suggest delayed collection of revenue during that period.

There are instances of missing data for DSO in some quarters which can make it a bit challenging to track the trend consistently. Additionally, the DSO figures from December 2021 to March 2021 show variations, with the DSO ranging from 0.58 days to 4.64 days.

Notably, the DSO for the quarter ending in September 2020 was notably high at 35.22 days, which indicates that National Fuel Gas Company faced challenges in collecting revenue efficiently during that period.

Overall, while there have been fluctuations in the DSO figures for National Fuel Gas Company, it is essential to monitor trends over time to assess the company's effectiveness in managing its accounts receivable and cash flow.