Connecticut Water Service (Connecticut Water Service) Change In Receivables : $-1.69 Mil (TTM As of Jun. 2019)

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What is Connecticut Water Service Change In Receivables?

Connecticut Water Service's change in receivables for the quarter that ended in Jun. 2019 was $-2.28 Mil. It means Connecticut Water Service's Accounts Receivable increased by $2.28 Mil from Mar. 2019 to Jun. 2019 .

Connecticut Water Service's change in receivables for the fiscal year that ended in Dec. 2018 was $-0.73 Mil. It means Connecticut Water Service's Accounts Receivable increased by $0.73 Mil from Dec. 2017 to Dec. 2018 .

Connecticut Water Service's Accounts Receivable for the quarter that ended in Jun. 2019 was $13.88 Mil.

Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed. Connecticut Water Service's Days Sales Outstanding for the three months ended in Jun. 2019 was 41.30.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Connecticut Water Service's liquidation value for the three months ended in Jun. 2019 was $-672.18 Mil.

Connecticut Water Service Change In Receivables Historical Data

The historical data trend for Connecticut Water Service's Change In Receivables can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Connecticut Water Service Change In Receivables Chart

Connecticut Water Service Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Change In Receivables

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-0.29

0.98

-1.93

-1.05

-0.73

Connecticut Water Service Quarterly Data
	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19
Change In Receivables	Get a 7-Day Free Trial															-1.98	-5.19	4.01	1.77	-2.28

Connecticut Water Service Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Jun. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.69 Mil.

Connecticut Water Service (OTCPK:CTWSP.PFD) Change In Receivables Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

Connecticut Water Service's Days Sales Outstanding for the quarter that ended in Jun. 2019 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	13.879	/	30.664	*	91
=	41.30

2. In Ben Graham's calculation of liquidation value, Connecticut Water Service's accounts receivable are only considered to be worth 75% of book value:

Connecticut Water Service's liquidation value for the quarter that ended in Jun. 2019 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	2.435	-	685.852	+	0.75 * 13.879	+	0.5 * 1.657
=	-672.18

Connecticut Water Service Change In Receivables Related Terms

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Connecticut Water Service (Connecticut Water Service) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Connecticut Water Service Inc (OTCPK:CTWSP.PFD) » Definitions » Change In Receivables

Traded in Other Exchanges

N/A

Address

93 West Main Street, Clinton, CT, USA, 06413

Website

http://www.ctwater.com

Connecticut Water Service Inc is a water utility that operates in the northeastern region of the United States, specifically Connecticut and Maine. The company has various subsidiaries and divisions, including water operations, which supplies public drinking water; real estate transactions, which sells real estate holdings; and service rentals, which sells contracted water and wastewater services. The major customers of the firm are residential, commercial, fire protection, public authority, and industrial entities. The majority of the company's revenue is derived from its water operations segment and residential customers.