Vectren (Vectren) Receivables Turnover : 2.88 (As of Sep. 2018)

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What is Vectren 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. Vectren's Revenue for the three months ended in Sep. 2018 was $665 Mil. Vectren's average Accounts Receivable for the three months ended in Sep. 2018 was $231 Mil. Hence, Vectren's Receivables Turnover for the three months ended in Sep. 2018 was 2.88.

Vectren Receivables Turnover Historical Data

The historical data trend for Vectren'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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Vectren Receivables Turnover Chart

Vectren Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Receivables Turnover

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10.47

11.47

11.50

10.81

10.89

Vectren Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
Receivables Turnover	Get a 7-Day Free Trial															2.89	2.75	2.63	2.75	2.88

Competitive Comparison of Vectren's Receivables Turnover

For the Utilities - Regulated Gas subindustry, Vectren'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.

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

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

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

Vectren Receivables Turnover Calculation

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

Vectren's Receivables Turnover for the fiscal year that ended in Dec. 2017 is calculated as

	Receivables Turnover (A: Dec. 2017 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2017 )	/ (	(Accounts Receivable (A: Dec. 2016 )	+	Accounts Receivable (A: Dec. 2017 ))	/	count )
=	2657.3	/ (	(225.3	+	262.9)	/	2 )
=	2657.3	/	244.1
=	10.89

Vectren's Receivables Turnover for the quarter that ended in Sep. 2018 is calculated as

	Receivables Turnover (Q: Sep. 2018 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2018 )	/ (	(Accounts Receivable (Q: Jun. 2018 )	+	Accounts Receivable (Q: Sep. 2018 ))	/	count )
=	665	/ (	(232	+	230.5)	/	2 )
=	665	/	231.25
=	2.88

Vectren (NYSE:VVC) 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.

Vectren Receivables Turnover Related Terms

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Vectren (Vectren) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Vectren Corp (NYSE:VVC) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.vectren.com

Vectren Corp is an energy holding company whose principal business is the ownership of energy utility companies in the American state of Indiana. Vectren Corp has three wholly owned subsidiaries: Indiana Gas Company, Southern Indiana Gas and Electric Company (SIGECO), and Vectren Energy Delivery of Ohio (VEDO). The company derives roughly half of its total revenue from both the natural gas and electricity distribution services provided by SIGECO and VEDO to primarily residential and commercial consumers in Indiana. Vectren Corp's Infrastructure Services business represents the other half of its total revenue generation. Within this unit, the company provides underground pipeline construction and repair services to utilities companies, such as its own subsidiaries.

Executives

Teresa J. Tanner	director	38 FOUNTAIN SQUARE PLAZA, MD 10AT76, CINCINNATI OH 45263
Michael L Smith	director	C/O AGILON HEALTH, INC., 6210 E HWY 290, SUITE 450, AUSTIN TX 78723
M Susan Hardwick	officer: EVP & Chief Financial Officer	C/O AMERICAN WATER WORKS COMPANY, INC., 1 WATER STREET, CAMDEN NJ 08102-1658
Robert G Jones	director	OLD NATIONAL BANCORP, ONE MAIN STREET, EVANSVILLE IN 47708
Jean L Wojtowicz	director	C/O VECTREN CORP, 20 NW FOURTH STREET, EVANVILLE IN 47711
Anton H George	director	C/O VECTREN CORP, 20 NW FOURTH STREET, EVANVILLE IN 47711
Degraffenreidt James H Jr	director	1100 H ST NW, WASHINGTON DC 20080
Martin C Jischke	director	1031 HOVDE HALL, W LAFAYETTE IN 47907
Niel C Ellerbrook	director	C/O OLD NATIONAL BANCORP, ONE MAIN STREET, EVANVILLE IN 47708
William G Mays	director	WELLPOINT, INC, 120 MONUMENT CIRCLE, INDIANAPOLIS IN 46204
Koch Robert L Ii	director