Northwest Natural Gas Co (NWN)

Payables turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cost of revenue	US$ in thousands	755,383	773,603	696,128	531,281	473,175
Payables	US$ in thousands	—	—	—	—	—
Payables turnover		—	—	—	—	—

December 31, 2024 calculation

Payables turnover = Cost of revenue ÷ Payables
= $755,383K ÷ $—K
= —

The payables turnover ratio for Northwest Natural Gas Co for the years 2020, 2021, 2022, 2023, and 2024 is not available as indicated by the "---" symbol in the data provided. The payables turnover ratio is a measure of how efficiently a company is managing its accounts payable by comparing the cost of goods sold to its average accounts payable balance.

Without the actual values for the payables turnover ratio, it is difficult to analyze and draw conclusions regarding the company's ability to pay its suppliers. Ideally, a higher payables turnover ratio indicates that the company is paying its suppliers more frequently, which can be a sign of good liquidity and efficient cash management. Conversely, a low payables turnover ratio may suggest that the company is taking longer to pay its suppliers, potentially signaling liquidity issues or strained supplier relationships.

In the absence of specific data points, it is important for Northwest Natural Gas Co to monitor its payables turnover ratio over time to ensure that it remains at a level that is in line with industry standards and internal benchmarks. This ratio can provide valuable insights into the company's financial health and working capital management.