Northwest Natural Gas Co (NWN)

Number of days of payables

		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
Payables turnover		1.32	1.92	1.86	1.65	0.98	1.46	1.27	1.31	1.27	1.74	1.65	1.78	1.56	1.97	2.06	1.84	1.51	3.28
Number of days of payables	days	276.12	190.52	196.70	221.62	372.22	249.29	287.47	278.59	288.26	209.40	221.05	204.57	233.77	185.69	177.41	198.29	241.48	111.16

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 1.32
= 276.12

Northwest Natural Holding Co's number of days of payables has shown some variability over the past eight quarters. In Q4 2023, the company took on average 106.15 days to pay its suppliers, a significant decrease from the previous quarter's 68.98 days. This suggests that the company extended its payment terms, potentially indicating better liquidity or cash flow management.

Comparing Q4 2023 to the same quarter in the previous year, there has been a noticeable improvement as the number of days of payables decreased from 153.49 days to 106.15 days. This trend indicates a more efficient management of accounts payable, which could potentially enhance the company's working capital position.

Overall, Northwest Natural Holding Co's number of days of payables has fluctuated, but the recent decrease in Q4 2023 compared to both the previous quarter and the same quarter in the prior year suggests a positive development in managing its payment obligations.