Artesian Resources (Artesian Resources) Receivables Turnover : 3.54 (As of Dec. 2023)

View and export this data going back to . Start your Free Trial

What is Artesian Resources 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. Artesian Resources's Revenue for the three months ended in Dec. 2023 was $24.54 Mil. Artesian Resources's average Accounts Receivable for the three months ended in Dec. 2023 was $6.94 Mil. Hence, Artesian Resources's Receivables Turnover for the three months ended in Dec. 2023 was 3.54.

Artesian Resources Receivables Turnover Historical Data

The historical data trend for Artesian Resources'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.

* Premium members only.

Artesian Resources Receivables Turnover Chart

Artesian Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

14.98

14.35

12.96

14.36

14.59

Artesian Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															3.70	3.48	3.47	3.57	3.54

Competitive Comparison of Artesian Resources's Receivables Turnover

For the Utilities - Regulated Water subindustry, Artesian Resources'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.

Artesian Resources's Receivables Turnover Distribution in the Utilities - Regulated Industry

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

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

Artesian Resources Receivables Turnover Calculation

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

Artesian Resources'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 )
=	98.861	/ (	(6.463	+	7.086)	/	2 )
=	98.861	/	6.7745
=	14.59

Artesian Resources's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	24.544	/ (	(6.798	+	7.086)	/	2 )
=	24.544	/	6.942
=	3.54

Artesian Resources (OTCPK:ARTNB) 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.

Artesian Resources Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Artesian Resources's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Artesian Resources (Artesian Resources) Business Description

Industry

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

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.