Northwest Natural Gas Co (NWN)

Working capital 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
Total current assets	US$ in thousands	601,440	744,213	437,276	323,245	293,692
Total current liabilities	US$ in thousands	696,878	898,734	724,765	627,083	482,173
Working capital turnover		—	—	—	—	—

December 31, 2023 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $1,197,480K ÷ ($601,440K – $696,878K)
= —

To calculate the working capital turnover for Northwest Natural Holding Co, we need the values of net sales and average working capital for each respective year. Working capital turnover is a financial ratio that measures how efficiently a company is able to generate sales revenue from its working capital.

Without the specific values for net sales and working capital in the years 2019 to 2023, we cannot determine the working capital turnover for Northwest Natural Holding Co. To analyze this ratio effectively, we would require access to the company's financial statements or additional information.

However, it is important to note that a higher working capital turnover ratio generally indicates that the company is efficiently using its working capital to generate sales. Conversely, a lower ratio may suggest inefficiencies in working capital management. Analyzing this ratio over time would provide insights into the company's working capital efficiency and operational performance.