Connecticut Water Service (Connecticut Water Service) Receivables Turnover : 2.31 (As of Jun. 2019)

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What is Connecticut Water Service Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Connecticut Water Service's Revenue for the three months ended in Jun. 2019 was $30.66 Mil. Connecticut Water Service's average Accounts Receivable for the three months ended in Jun. 2019 was $13.26 Mil. Hence, Connecticut Water Service's Receivables Turnover for the three months ended in Jun. 2019 was 2.31.

Connecticut Water Service Receivables Turnover Historical Data

The historical data trend for Connecticut Water Service's Receivables Turnover 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 Receivables Turnover Chart

Connecticut Water Service Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Receivables Turnover

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7.73

8.36

8.21

7.65

8.01

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
Receivables Turnover	Get a 7-Day Free Trial															2.30	2.44	1.68	1.96	2.31

Competitive Comparison of Connecticut Water Service's Receivables Turnover

For the Utilities - Regulated Water subindustry, Connecticut Water Service's Receivables Turnover, along with its competitors' market caps and Receivables Turnover 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.

Connecticut Water Service's Receivables Turnover Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Connecticut Water Service's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Connecticut Water Service's Receivables Turnover falls into.

Connecticut Water Service Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Connecticut Water Service's Receivables Turnover for the fiscal year that ended in Dec. 2018 is calculated as

	Receivables Turnover (A: Dec. 2018 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2018 )	/ (	(Accounts Receivable (A: Dec. 2017 )	+	Accounts Receivable (A: Dec. 2018 ))	/	count )
=	116.665	/ (	(14.965	+	14.169)	/	2 )
=	116.665	/	14.567
=	8.01

Connecticut Water Service's Receivables Turnover for the quarter that ended in Jun. 2019 is calculated as

	Receivables Turnover (Q: Jun. 2019 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2019 )	/ (	(Accounts Receivable (Q: Mar. 2019 )	+	Accounts Receivable (Q: Jun. 2019 ))	/	count )
=	30.664	/ (	(12.645	+	13.879)	/	2 )
=	30.664	/	13.262
=	2.31

Connecticut Water Service (OTCPK:CTWSO.PFD) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Connecticut Water Service Receivables Turnover 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:CTWSO.PFD) » Definitions » Receivables Turnover

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.