National Fuel Gas Company (NFG)
Number of days of payables
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 4.77 | 3.66 | 2.91 | 1.70 | 2.56 | |
| Number of days of payables | days | 76.60 | 99.69 | 125.40 | 214.66 | 142.76 |
September 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 4.77
= 76.60
The number of days of payables for National Fuel Gas Company has exhibited a decreasing trend over the past five years, indicating a more efficient management of its payables. In particular, there was a substantial improvement in payables management from 2020 to 2021, where the number of days decreased significantly from 142.76 days to 214.66 days. This trend continued in subsequent years, with further reductions in the number of days of payables to 125.40 days in 2022, 99.69 days in 2023, and 76.60 days in 2024.
The decrease in the number of days of payables suggests that the company may be paying its suppliers more quickly, which could signal improved relationships with suppliers or the implementation of more efficient payment practices. Overall, the declining trend in the number of days of payables demonstrates the company's ability to manage its payables effectively and optimize its working capital.
Peer comparison
Sep 30, 2024