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 Dec. 2023 was $185.3 Mil. Chesapeake Utilities's average Accounts Receivable for the
three
months ended in Dec. 2023 was $58.4 Mil.
Hence, Chesapeake Utilities's Receivables Turnover for the
three
months ended in Dec. 2023 was 3.17.
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.
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.
* 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.
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
Thank you for viewing the detailed overview of Chesapeake Utilities's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Chesapeake Utilities (Chesapeake Utilities) Business Description
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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