National Fuel Gas Company (NFG)

Working capital 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
Total current assets	US$ in thousands	355,919	398,732	419,003	453,602	414,428	407,287	543,358	872,830	761,131	1,150,340	671,116	567,190	522,449	439,557	457,184	453,439	314,198	831,708	496,270	430,696
Total current liabilities	US$ in thousands	1,095,890	516,638	727,924	807,245	806,312	665,700	917,300	1,535,040	1,942,570	2,166,450	2,006,160	896,139	1,236,130	600,602	402,972	906,183	459,573	342,360	583,818	546,462
Working capital turnover		—	—	—	—	—	—	—	—	—	—	—	—	—	—	29.57	—	—	3.17	—	—

September 30, 2024 calculation

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

The working capital turnover for National Fuel Gas Company experienced variability over the past few quarters, with a notable increase in the most recent quarter compared to the same quarter a year ago. The ratio, which measures how efficiently a company utilizes its working capital to generate sales, was not available for certain periods, indicating possibly a lack of complete data or calculation challenges. The substantial jump in the working capital turnover in the latest quarter compared to the same quarter in the previous year suggests potential improvements in the company's management of its working capital to support its sales activities. It is essential for National Fuel Gas Company to maintain this positive trend and continue monitoring and managing its working capital effectively to sustain its operational efficiency and financial performance.