Artesian Resources (Artesian Resources) Days Payable

: 64.53 (As of Dec. 2023)

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Artesian Resources's average Accounts Payable for the three months ended in Dec. 2023 was $9.06 Mil. Artesian Resources's Cost of Goods Sold for the three months ended in Dec. 2023 was $12.82 Mil. Hence, Artesian Resources's Days Payable for the three months ended in Dec. 2023 was 64.53.

The historical rank and industry rank for Artesian Resources's Days Payable or its related term are showing as below:

ARTNB' s Days Payable Range Over the Past 10 Years
Min: 38.99 Med: 65.27 Max: 76.19
Current: 66.87

During the past 13 years, Artesian Resources's highest Days Payable was 76.19. The lowest was 38.99. And the median was 65.27.

ARTNB's Days Payable is ranked better than
50.1% of 495 companies
in the Utilities - Regulated industry
Industry Median: 66.78 vs ARTNB: 66.87

Artesian Resources's Days Payable increased from Dec. 2022 (60.03) to Dec. 2023 (64.53). It may suggest that Artesian Resources delayed paying its suppliers.

Artesian Resources Days Payable Historical Data

The historical data trend for Artesian Resources's Days Payable 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.

Artesian Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

70.26

60.74

66.58

76.19

74.34

Artesian Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																60.03	70.27	62.01	63.36	64.53

Competitive Comparison

For the Utilities - Regulated Water subindustry, Artesian Resources's Days Payable, along with its competitors' market caps and Days Payable 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.

Artesian Resources Days Payable Distribution

For the Utilities - Regulated industry and Utilities sector, Artesian Resources's Days Payable distribution charts can be found below:

* The bar in red indicates where Artesian Resources's Days Payable falls into.

Artesian Resources Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Artesian Resources's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (10.929	+	9.697)	/	2 )	/	50.633	*	365
=	10.313					/	50.633	*	365
=	74.34

Artesian Resources's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (8.43	+	9.697)	/	2 )	/	12.817	*	365 / 4
=	9.0635					/	12.817	*	365 / 4
=	64.53

Artesian Resources Days Payable Related Terms

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Artesian Resources (Artesian Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Artesian Resources Corp (OTCPK:ARTNB) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ARTNA:USA

Address

664 Churchmans Road, Newark, DE, USA, 19702

Website

http://www.artesianwater.com

Artesian Resources Corp operates as the holding company of eight wholly-owned subsidiaries offering water, wastewater, and other services on the Delmarva Peninsula. It distributes and sells water, including water for public and private fire protection, to residential, commercial, industrial, municipal, and utility customers in the states of Delaware, Maryland, and Pennsylvania. The company is focusing on a wide spectrum of activities, which include identifying new and dependable sources of water supply; developing wells, treatment plants and delivery systems to get water to customers.