National Fuel Gas Company (NFG)

Working capital turnover

		Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019
Revenue	US$ in thousands	2,173,770	2,186,050	1,742,660	1,546,290	1,693,330
Total current assets	US$ in thousands	414,428	761,131	522,449	314,198	362,623
Total current liabilities	US$ in thousands	806,312	1,942,570	1,236,130	459,573	421,908
Working capital turnover		—	—	—	—	—

September 30, 2023 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $2,173,770K ÷ ($414,428K – $806,312K)
= —

I'm sorry, but it seems that the specific data for working capital turnover for National Fuel Gas Co. is not provided in the table. In order to conduct a detailed and comprehensive analysis of the working capital turnover for the company, I would need the turnover ratio data for each of the years listed in the table (Sep 30, 2023 to Sep 30, 2019).

Working capital turnover is a financial ratio that measures how efficiently a company is using its working capital to generate sales. It is calculated by dividing a company's net sales by its average working capital. The average working capital is the average of the current assets minus the average of the current liabilities over a specific period.

If you could provide the specific working capital turnover ratio data for each year listed, I would be able to analyze and interpret the performance of National Fuel Gas Co. in terms of how effectively it is utilizing its working capital to generate revenue.