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