What is New Jersey 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. New Jersey Resources's Revenue for the
three
months ended in Dec. 2023 was $467 Mil. New Jersey Resources's average Accounts Receivable for the
three
months ended in Dec. 2023 was $134 Mil.
Hence, New Jersey Resources's Receivables Turnover for the
three
months ended in Dec. 2023 was 3.49.
New Jersey Resources Receivables Turnover Historical Data
The historical data trend for New Jersey 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.
Competitive Comparison of New Jersey Resources's Receivables Turnover
For the Utilities - Regulated Gas subindustry, New Jersey 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.
New Jersey Resources's Receivables Turnover Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, New Jersey Resources's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where New Jersey Resources's Receivables Turnover falls into.
New Jersey Resources Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
New Jersey Resources's Receivables Turnover for the fiscal year that ended in Sep. 2023 is calculated as
* 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.
New Jersey Resources (NYSE:NJR) 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.
New Jersey Resources Receivables Turnover Related Terms
Thank you for viewing the detailed overview of New Jersey Resources's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
New Jersey Resources (New Jersey Resources) Business Description
New Jersey Resources is an energy services holding company with regulated and nonregulated operations. Its regulated utility, New Jersey Natural Gas, delivers natural gas to more than 575,000 customers in the state. NJR's nonregulated businesses include solar investments primarily in New Jersey and investments in several large midstream natural gas projects.
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