Northwest Natural Gas Co (NWN)

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 192,148 190,288 188,102 183,065 177,161 173,171 171,873 171,053 169,022 165,412 161,578 158,068 152,958 164,744 164,393 159,714 171,357 250,198
Payables US$ in thousands 145,361 99,326 101,369 111,152 180,667 118,274 135,364 130,557 133,486 94,897 97,854 88,591 97,966 83,813 79,903 86,766 113,370 76,197 76,429 103,207
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

December 31, 2023 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $192,148K ÷ $145,361K
= 1.32

The payables turnover ratio for Northwest Natural Holding Co has shown fluctuations over the past eight quarters. The ratio measures the efficiency with which the company pays its suppliers or creditors during a specific period. A higher payables turnover ratio indicates that the company is paying off its suppliers more quickly.

In Q4 2023, the payables turnover ratio was 3.44, which was lower than the ratios in Q3 and Q2 of the same year, indicating a slower pace of paying off creditors. However, it was still higher compared to Q1 of the same year, suggesting an improvement in the management of payables.

Comparing the latest ratio to the same quarter in the previous year, there has been a notable increase in the payables turnover, reflecting a more efficient payment process. Overall, Northwest Natural Holding Co's payables turnover has been on an upward trend, with some fluctuations, indicating improved liquidity management and potentially positive relationships with suppliers.


Peer comparison

Dec 31, 2023