National Fuel Gas Company (NFG)

Number of days of payables

		Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019
Payables turnover		3.66	2.91	1.70	2.56	1.07
Number of days of payables	days	99.69	125.40	214.66	142.76	340.40

September 30, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 3.66
= 99.69

The number of days of payables for National Fuel Gas Co. has shown significant fluctuations over the past five years. The number of days of payables is a measure of how long it takes a company to pay its suppliers and vendors.

In 2023, the number of days of payables decreased to 126.94 days from 166.58 days in 2022. This indicates that the company took fewer days to pay its suppliers and vendors in 2023 compared to the previous year.

In 2021, there was a substantial increase in the number of days of payables to 364.63 days from 117.98 days in 2020. This significant increase suggests that the company took much longer to pay its suppliers and vendors in 2021, which could have been influenced by various factors such as changes in payment terms or financial constraints.

The number of days of payables in 2019 was 86.52 days, indicating a relatively short payment period compared to the following years.

Overall, the fluctuation in the number of days of payables over the analyzed period indicates variations in the company's payment practices and its ability to manage its obligations to suppliers and vendors. These trends may provide insights into the efficiency of the company's working capital management and its relationships with external stakeholders.