Chesapeake Utilities (FRA:CH5) Receivables Turnover : 3.51 (As of Mar. 2024)

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What is Chesapeake Utilities 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. Chesapeake Utilities's Revenue for the three months ended in Mar. 2024 was €226.1 Mil. Chesapeake Utilities's average Accounts Receivable for the three months ended in Mar. 2024 was €64.3 Mil. Hence, Chesapeake Utilities's Receivables Turnover for the three months ended in Mar. 2024 was 3.51.

Chesapeake Utilities Receivables Turnover Historical Data

The historical data trend for Chesapeake Utilities'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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Chesapeake Utilities Receivables Turnover Chart

Chesapeake Utilities Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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9.39

8.78

10.24

11.57

9.82

Chesapeake Utilities Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															3.47	2.50	2.93	3.15	3.51

Competitive Comparison of Chesapeake Utilities's Receivables Turnover

For the Utilities - Regulated Gas subindustry, Chesapeake Utilities'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.

Chesapeake Utilities's Receivables Turnover Distribution in the Utilities - Regulated Industry

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

* The bar in red indicates where Chesapeake Utilities's Receivables Turnover falls into.

Chesapeake Utilities Receivables Turnover Calculation

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

Chesapeake Utilities's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	614.944	/ (	(59.36	+	65.828)	/	2 )
=	614.944	/	62.594
=	9.82

Chesapeake Utilities's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	226.084	/ (	(65.828	+	62.836)	/	2 )
=	226.084	/	64.332
=	3.51

Chesapeake Utilities (FRA:CH5) 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.

Chesapeake Utilities Receivables Turnover Related Terms

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Chesapeake Utilities (FRA:CH5) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Chesapeake Utilities Corp (FRA:CH5) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

CPK:USA CH5:Germany

Address

500 Energy Lane, Dover, DE, USA, 19901

Website

https://www.chpk.com

Chesapeake Utilities Corp is a diversified energy delivery company that is engaged in natural gas transmission and distribution, electricity generation and distribution, propane gas distribution, mobile compressed natural gas utility services and solutions and other businesses. The company operates in two reportable segments, Regulated Energy and Unregulated Energy. The company's natural gas and electric distribution operations in Delaware, Maryland and Florida are subject to regulation by their respective PSC. Eastern Shore, its natural gas transmission subsidiary, is subject to regulation by the FERC and Peninsula Pipeline and Aspire Energy Express, its intrastate pipeline subsidiaries, are subject to regulation by the Florida PSC and Public Utilities Commission of Ohio, respectively.

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