NewJersey Resources Corporation (NJR)

Payables turnover

		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	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Cost of revenue (ttm)	US$ in thousands	17,064	17,021	17,069	16,987	16,904	16,815	93,311	185,493	186,227	187,137	102,996	11,630	11,738	11,593	-1,346,286	-1,057,803	-513,834	23,629	1,615,162	1,809,041
Payables	US$ in thousands	105,627	151,790	122,236	121,796	110,475	156,580	129,431	123,190	168,197	223,497	161,878	126,154	110,456	141,500	109,987	93,431	91,580	129,724	96,873	91,754
Payables turnover		0.16	0.11	0.14	0.14	0.15	0.11	0.72	1.51	1.11	0.84	0.64	0.09	0.11	0.08	-12.24	-11.32	-5.61	0.18	16.67	19.72

December 31, 2023 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $17,064K ÷ $105,627K
= 0.16

Based on the provided data, it appears that the payables turnover ratio for New Jersey Resources Corporation is currently not available. This could be due to missing or incomplete information for the relevant periods. To calculate the payables turnover ratio, access to the accounts payable and cost of goods sold figures for each period is necessary. Without this data, a meaningful analysis of the payables turnover for New Jersey Resources Corporation cannot be conducted at this time.