Northwest Natural Gas Co (NWN)

Working capital turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Revenue (ttm)	US$ in thousands	1,152,994	1,137,832	1,142,377	1,168,522	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	760,670	757,703	746,175
Total current assets	US$ in thousands	557,774	408,850	423,120	537,714	601,440	507,440	457,857	576,173	744,213	481,771	357,994	391,365	437,276	358,179	273,841	302,792	323,245	242,848	316,436	720,267
Total current liabilities	US$ in thousands	649,017	494,002	435,540	468,344	696,878	590,057	570,933	644,080	898,734	511,356	539,298	658,267	724,765	734,965	572,473	585,665	627,083	551,296	486,902	798,870
Working capital turnover		—	—	—	16.84	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

December 31, 2024 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,152,994K ÷ ($557,774K – $649,017K)
= —

Northwest Natural Gas Co's working capital turnover ratio for the period ending March 31, 2024, is 16.84. The working capital turnover ratio measures how efficiently a company is utilizing its working capital to generate sales revenue. A high working capital turnover ratio indicates that the company is effectively managing its working capital to support sales growth. In this case, Northwest Natural Gas Co's working capital turnover ratio of 16.84 suggests that the company is efficiently using its working capital resources to generate sales. It signifies that the company is able to quickly convert its working capital into revenue, which is a positive indicator of operational efficiency.