National Fuel Gas Company (NFG)

Number of days of payables

		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
Payables turnover		4.77	2.66	3.18	4.16	3.66	6.49	5.31	3.52	2.91	3.38	3.24	2.64	1.70	2.51	2.72	3.12	1.87	2.79	2.24	1.05
Number of days of payables	days	76.60	137.38	114.91	87.66	99.69	56.22	68.79	103.80	125.40	108.06	112.56	138.02	214.66	145.70	134.35	117.16	195.32	130.69	162.92	347.18

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 displayed fluctuations over the past several quarters. As of September 30, 2024, the company's number of days of payables was 76.60 days, indicating that, on average, it takes approximately 76.60 days for the company to pay its suppliers and vendors. This represents a significant improvement compared to the previous quarter, where the number of days of payables was 137.38 days.

Analyzing the trend further, we observe that the number of days of payables has been somewhat volatile, with periods of both increases and decreases. The company experienced its longest payables period in the first quarter of 2022, with 347.18 days, while the shortest payables period was in the second quarter of 2023, with 56.22 days.

It is important to assess the company's payables management strategy and its ability to effectively manage supplier relationships, negotiate favorable payment terms, and balance cash flow considerations. A lower number of days of payables may indicate efficient working capital management, while a significantly longer payables period may raise concerns about liquidity and financial health. Additionally, comparing the payables period with industry benchmarks and historical performance can provide further insights into the company's financial position and operational efficiency.