National Fuel Gas Company (NFG)

Working capital turnover

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Revenue	US$ in thousands	1,944,810	2,173,770	2,186,050	1,742,660	1,546,290
Total current assets	US$ in thousands	355,919	414,428	761,131	522,449	314,198
Total current liabilities	US$ in thousands	1,095,890	806,312	1,942,570	1,236,130	459,573
Working capital turnover		—	—	—	—	—

September 30, 2024 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $1,944,810K ÷ ($355,919K – $1,095,890K)
= —

To calculate the working capital turnover for National Fuel Gas Company, we need the formula:

Working Capital Turnover = Revenue / Average Working Capital

Unfortunately, the table provided does not include the necessary data for calculating the working capital turnover ratio. The working capital turnover ratio helps assess how efficiently a company is utilizing its working capital to generate sales revenue. It indicates how many times a company's working capital is turned over in generating revenue. An increasing ratio suggests better efficiency in utilizing working capital to generate sales, while a declining ratio may indicate inefficiency.

To conduct a thorough analysis of National Fuel Gas Company's working capital turnover, we would need access to the company's revenue figures and working capital data for each of the years listed in the table. Without this specific financial data, it isn't feasible to calculate or interpret the working capital turnover ratio for the company.