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New Jersey Resources (New Jersey Resources) Days Sales Outstanding : 26.17 (As of Dec. 2023)


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What is New Jersey Resources Days Sales Outstanding?

New Jersey Resources's average Accounts Receivable for the three months ended in Dec. 2023 was $134 Mil. New Jersey Resources's Revenue for the three months ended in Dec. 2023 was $467 Mil. Hence, New Jersey Resources's Days Sales Outstanding for the three months ended in Dec. 2023 was 26.17.

The historical rank and industry rank for New Jersey Resources's Days Sales Outstanding or its related term are showing as below:

NJR' s Days Sales Outstanding Range Over the Past 10 Years
Min: 21.01   Med: 26.41   Max: 40.37
Current: 40.37

During the past 13 years, New Jersey Resources's highest Days Sales Outstanding was 40.37. The lowest was 21.01. And the median was 26.41.

NJR's Days Sales Outstanding is ranked better than
66.27% of 504 companies
in the Utilities - Regulated industry
Industry Median: 53.495 vs NJR: 40.37

New Jersey Resources's Days Sales Outstanding declined from Dec. 2022 (37.41) to Dec. 2023 (26.17).


New Jersey Resources Days Sales Outstanding Historical Data

The historical data trend for New Jersey Resources's Days Sales Outstanding 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.

* Premium members only.

New Jersey Resources Days Sales Outstanding Chart

New Jersey Resources Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Days Sales Outstanding
Get a 7-Day Free Trial Premium Member Only Premium Member Only 24.27 25.54 29.37 27.33 29.74

New Jersey Resources Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Days Sales Outstanding Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 37.41 40.06 52.68 28.64 26.17

Competitive Comparison of New Jersey Resources's Days Sales Outstanding

For the Utilities - Regulated Gas subindustry, New Jersey Resources's Days Sales Outstanding, along with its competitors' market caps and Days Sales Outstanding data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


New Jersey Resources's Days Sales Outstanding Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, New Jersey Resources's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where New Jersey Resources's Days Sales Outstanding falls into.



New Jersey Resources Days Sales Outstanding Calculation

Days Sales Outstanding measures 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.

Accounts Receivable can be measured by Days Sales Outstanding.

New Jersey Resources's Days Sales Outstanding for the fiscal year that ended in Sep. 2023 is calculated as

Days Sales Outstanding (A: Sep. 2023 )
=Average Accounts Receivable /Revenue*Days in Period
=( (Accounts Receivable (A: Sep. 2022 ) + Accounts Receivable (A: Sep. 2023 )) / count ) / Revenue (A: Sep. 2023 )*Days in Period
=( (222.297 + 97.54) / 2 ) / 1962.994*365
=159.9185 / 1962.994*365
=29.74

New Jersey Resources's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding (Q: Dec. 2023 )
=Average Accounts Receivable /Revenue*Days in Period
=( (Accounts Receivable (A: Sep. 2023 ) + Accounts Receivable (A: Dec. 2023 )) / count ) / Revenue (A: Dec. 2023 )*Days in Period
=( (97.54 + 170.472) / 2 ) / 467.21*365 / 4
=134.006 / 467.21*365 / 4
=26.17

* 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.


New Jersey Resources  (NYSE:NJR) Days Sales Outstanding Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.


New Jersey Resources Days Sales Outstanding Related Terms

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New Jersey Resources (New Jersey Resources) Business Description

Traded in Other Exchanges
Address
1415 Wyckoff Road, Wall, NJ, USA, 07719
New Jersey Resources is an energy services holding company with regulated and nonregulated operations. Its regulated utility, New Jersey Natural Gas, delivers natural gas to more than 575,000 customers in the state. NJR's nonregulated businesses include solar investments primarily in New Jersey and investments in several large midstream natural gas projects.
Executives
Patrick J. Migliaccio officer: Senior VP and CFO 1415 WYCKOFF ROAD, WALL NJ 07719
Peter C Harvey director C/O NEW JERSEY RESOURCES CORPORATION, 1415 WYCKOFF ROAD, WALL NJ 07719
Stephen D Westhoven officer: Senior V.P., Subsidiary 1415 WYCKOFF ROAD, WALL NJ 07719
Stephen Skrocki officer: Corporate Controller and PAO C/O NEW JERSEY RESOURCES CORPORATION, 1415 WYCKOFF ROAD, WALL NJ 07719
Lori Delgiudice officer: SVP, Human Resources C/O NEW JERSEY RESOURCES CORPORATION, 1415 WYCKOFF ROAD, WALL NJ 07719
Michael A O'sullivan director C/O NEW JERSEY RESOURCES CORPORATION, 1415 WYCKOFF ROAD, WALL NJ 07719
Roberto Bel officer: SVP and CFO C/O NEW JERSEY RESOURCES CORPORATION, 1415 WYCKOFF ROAD, WALL NJ 07719
Degraffenreidt James H Jr director 1100 H ST NW, WASHINGTON DC 20080
Richard Reich officer: SVP, Gen Counsel and Corp Sec C/O NEW JERSEY RESOURCES CORPORATION, 1415 WYCKOFF ROAD, WALL NJ 07719
Timothy F. Shea officer: Vice President, Subsidiary C/O NEW JERSEY RESOURCES CORPORATION, 1415 WYCKOFF ROAD, WALL NJ 07719
Howard M William Jr director C/O NEW JERSEY RESOURCES CORPORATION, 1415 WYCKOFF ROAD, WALL NJ 07719
M Susan Hardwick director C/O AMERICAN WATER WORKS COMPANY, INC., 1 WATER STREET, CAMDEN NJ 08102-1658
Donald L Correll director C/O INTERCHANGE FINANCIAL SERVICES CORP, PARK 80 W PLAZA TWO, SADDLE BROOK NJ 07663
Amy Cradic officer: SVP & COO Non-Utility Business C/O NEW JERSEY RESOURCES CORPORATION, 1415 WYCKOFF ROAD, WALL NJ 07719
Craig A Lynch officer: SVP, Subsidiary C/O NEW JERSEY RESOURCES CORPORATION, 1415 WYCKOFF ROAD, WALL NJ 07719