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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. Middlesex Water Co's Revenue for the three months ended in Dec. 2023 was $38.6 Mil. Middlesex Water Co's average Accounts Receivable for the three months ended in Dec. 2023 was $18.6 Mil. Hence, Middlesex Water Co's Receivables Turnover for the three months ended in Dec. 2023 was 2.08.
The historical data trend for Middlesex Water Co'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.
Middlesex Water Co Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Receivables Turnover | Get a 7-Day Free Trial |
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11.37 | 10.70 | 9.58 | 10.37 | 9.73 |
Middlesex Water Co 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 |
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2.28 | 2.42 | 2.78 | 2.73 | 2.08 |
For the Utilities - Regulated Water subindustry, Middlesex Water Co'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.
For the Utilities - Regulated industry and Utilities sector, Middlesex Water Co's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Middlesex Water Co's Receivables Turnover falls into.
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Middlesex Water Co'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 ) |
= | 166.274 | / ( | (16.018 | + | 18.172) | / | 2 ) |
= | 166.274 | / | 17.095 | ||||
= | 9.73 |
Middlesex Water Co'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 ) |
= | 38.602 | / ( | (18.99 | + | 18.172) | / | 2 ) |
= | 38.602 | / | 18.581 | ||||
= | 2.08 |
* 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.
Middlesex Water Co (NAS:MSEX) 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.
Thank you for viewing the detailed overview of Middlesex Water Co's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Lorrie Beth Ginegaw | officer: VP-Corporate Affairs | 1500 RONSON ROAD, ISELIN NJ 08830 |
Cosgrove James F. Jr. | director | 492 CHRISTOPHER DRIVE, PRINCETON NJ 08540 |
Robert John Capko | officer: PAO/Controller | 100 POSSUM WAY, NEW PROVIDENCE NJ 07974 |
Bernadette M Sohler | officer: VP - Corporate Affairs | 1500 RONSON ROAD, ISELIN NJ 08830 |
Walter G Reinhard | director | PO BOX 1500, ISELIN NJ 08830 |
Dennis W Doll | officer: Executive Vice President | 1500 RONSON ROAD, ISELIN NJ 08830 |
Andreasen Christian G. Jr. | officer: VP - Enterprise Engineering | 485C ROUTE 1 SOUTH, SUITE 400, ISELIN NJ 08830 |
Kim C Hanemann | director | 1500 RONSON ROAD, ISELIN NJ 08830 |
A Bruce Oconnor | officer: Vice President &, other: Controller | PO BOX 1500, ISELIN NJ 08830 |
Vaughn L Mckoy | director | 485C ROUTE ONE SOUTH, SUITE 400, ISELIN NJ 07083 |
Georgia M Simpson | officer: VP-Information Technology | 485C ROUTE 1 SOUTH, SUITE 400, ISELIN NJ 08830 |
Joshua Bershad | director | 485C ROUTE ONE SOUTH, SUITE 400, ISELIN NJ 07083 |
Robert K Fullagar | officer: Vice President - Operations | 485C ROUTE 1 SOUTH, SUITE 400, ISELIN NJ 08830 |
Ann L. Noble | director | 485C ROUTE 1 SOUTH, SUITE 400, ISELIN NJ 08830 |
Jay L Kooper | officer: VP, Gen. Counsel & Secretary | 1500 RONSON ROAD, ISELIN NJ 08830 |
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