Northwest Natural Gas Co (NWN)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,197,480 | 1,037,350 | 860,400 | 773,679 | 746,372 |
| Receivables | US$ in thousands | 201,024 | 254,658 | 181,646 | 148,764 | 122,912 |
| Receivables turnover | 5.96 | 4.07 | 4.74 | 5.20 | 6.07 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $1,197,480K ÷ $201,024K
= 5.96
The receivables turnover ratio for Northwest Natural Holding Co has shown some fluctuations over the past five years. In general, the company's efficiency in collecting outstanding receivables has improved from 2019 to 2020, then decreased in 2021, before increasing again in 2022 and 2023. The average days it takes for the company to collect its accounts receivable decreased from about 60 days in 2019 to approximately 49 days in 2023. This indicates that the company has been more effective in managing and collecting its receivables over the years, although there have been some variations in performance. It is important for the company to continue monitoring this ratio to ensure efficient management of its accounts receivable and maintain healthy cash flows.
Peer comparison
Dec 31, 2023