Northwest Natural Gas Co (NWN)

Receivables 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
Revenue (ttm)	US$ in thousands	1,197,475	1,217,014	1,192,374	1,149,475	1,037,353	956,190	940,798	894,755	860,400	826,583	818,420	804,474	773,679	760,680	757,713	746,185	746,382	725,810
Receivables	US$ in thousands	201,024	74,313	92,557	216,939	254,658	65,536	85,287	142,415	181,646	53,316	77,022	149,630	148,764	53,279	48,997	118,619	122,912	47,371	56,696	134,463
Receivables turnover		5.96	16.38	12.88	5.30	4.07	14.59	11.03	6.28	4.74	15.50	10.63	5.38	5.20	14.28	15.46	6.29	6.07	15.32

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,197,475K ÷ $201,024K
= 5.96

The receivables turnover of Northwest Natural Holding Co has shown fluctuation over the past eight quarters. The ratio measures how efficiently the company is able to collect outstanding receivables during a specific period.

In Q3 2023, the company experienced a significant increase in receivables turnover to 16.38 compared to the preceding quarter. This indicates that the company collected its outstanding receivables at a much faster rate in Q3. However, this could also imply that the company may have implemented stricter credit policies or had one-off collections during this period.

Similarly, in Q2 2023, the receivables turnover was 12.88, showing another strong performance in collecting receivables. This quarter also demonstrated efficient management of accounts receivable.

Conversely, in Q1 2023 and Q4 2022, the receivables turnover was relatively lower at 5.30 and 4.07 respectively. This indicates that the company took longer to collect outstanding receivables during these quarters. It may be important to investigate the reasons behind this lower turnover rate and whether there were any specific challenges in collecting receivables during these periods.

Overall, the company's receivables turnover has shown variability over the analyzed quarters, which may be influenced by changing business conditions, seasonal factors, or company-specific policies. Monitoring receivables turnover can provide valuable insights into the company's liquidity and efficiency in managing accounts receivable.