TXNM Energy, Inc. (TXNM)

Payables 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
Cost of revenue (ttm)	US$ in thousands	677,732	695,049	765,582	784,343	893,871	1,128,475	1,358,441	1,489,934	1,515,768	1,385,879	1,242,666	1,037,584	878,212	721,412	524,862	521,616	506,668	485,212	480,545	468,385
Payables	US$ in thousands	—	—	—	—	—	—	—	—	—	127,493	129,923	117,772	172,595	111,970	128,249	110,577	169,317	84,684	75,933	95,194
Payables turnover		—	—	—	—	—	—	—	—	—	10.87	9.56	8.81	5.09	6.44	4.09	4.72	2.99	5.73	6.33	4.92

December 31, 2024 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $677,732K ÷ $—K
= —

TXNM Energy, Inc.'s payables turnover has fluctuated over the past few years, indicating varying efficiencies in managing its accounts payable. The payables turnover ratio measures how quickly a company pays its suppliers.

From March 31, 2020, to June 30, 2020, there was an increase in the payables turnover ratio from 4.92 to 6.33, suggesting that the company was paying its suppliers more frequently during this period. However, the ratio decreased to 2.99 by December 31, 2020, indicating a longer payment cycle.

There was a gradual improvement in the payables turnover ratio from March 31, 2021, to September 30, 2021, with the ratio increasing to 6.44. This indicates that the company was more efficient in paying off its suppliers during this time.

The trend continued positively in the following periods, demonstrating increasing efficiency in managing payables. By June 30, 2022, the payables turnover ratio reached 9.56, showing significant improvement.

As of December 31, 2022, the payables turnover ratio was not provided, which makes it difficult to assess the company's efficiency in paying its suppliers at that specific point in time.

Overall, the increasing trend in the payables turnover ratio indicates that TXNM Energy, Inc. has been more efficient in managing its accounts payable, reflecting positively on its liquidity and supplier relationships. Continued monitoring of this ratio will be essential to evaluate the company's financial health and operational efficiency in the future.