National Fuel Gas Company (NFG)

Receivables turnover

		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
Revenue (ttm)	US$ in thousands	1,944,810	1,941,689	1,952,951	2,040,273	2,173,771	2,239,970	2,313,890	2,298,349	2,186,047	2,106,889	1,998,662	1,848,057	1,742,660	1,674,661	1,603,283	1,543,263	1,546,291	1,551,643	1,585,824	1,647,273
Receivables	US$ in thousands	-10,673	-17,590	6,876	11,149	-19,673	-29,632	11,872	43,185	-10,153	-23,458	8,068	21,237	-14,639	-19,510	2,557	19,608	-5,508	-8,559	15,088	158,944
Receivables turnover		—	—	284.02	183.00	—	—	194.90	53.22	—	—	247.73	87.02	—	—	627.02	78.71	—	—	105.10	10.36

September 30, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,944,810K ÷ $-10,673K
= —

The receivables turnover ratio for National Fuel Gas Company has shown significant fluctuations over the past few periods. In the most recent quarter, ending September 30, 2024, the receivables turnover ratio was 284.02, indicating that the company collected its accounts receivable approximately 284 times during the period.

This significant increase from the previous quarter's ratio of 183.00 suggests that National Fuel Gas improved its efficiency in collecting outstanding receivables. However, the lack of data for some quarters limits a direct comparison of trends over time.

It is important for the company to maintain a balance between extending credit to customers and ensuring timely collection, as a high turnover ratio indicates efficient credit management and liquidity, while a low ratio may imply difficulties in collecting payments. Further analysis over multiple periods would provide a more comprehensive understanding of the company's receivables management performance.