Essential Utilities (Essential Utilities) Accounts Receivable

: $200 Mil (As of Dec. 2023)

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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Essential Utilities's accounts receivables for the quarter that ended in Dec. 2023 was $200 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Essential Utilities's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 38.06.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Essential Utilities's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-39.28.

Essential Utilities Accounts Receivable Historical Data

The historical data trend for Essential Utilities's Accounts Receivable 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.

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Essential Utilities Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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69.21

189.28

197.82

265.50

199.99

Essential Utilities Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															265.50	213.61	149.94	133.74	199.99

Essential Utilities Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

Essential Utilities Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

Essential Utilities's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	199.986	/	479.419	*	91
=	38.06

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Essential Utilities's accounts receivable are only considered to be worth 75% of book value:

Essential Utilities's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(4.612	+	0.75 * 199.986	+	0.5 * 112.667	-	10945.276
-	0	-	0)	/	273.296
=	-39.28

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

Essential Utilities Accounts Receivable Related Terms

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Essential Utilities (Essential Utilities) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Essential Utilities Inc (NYSE:WTRG) » Definitions » Accounts Receivable

Comparable Companies

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A2A:Germany A2A:Germany

Address

762 West Lancaster Avenue, Bryn Mawr, PA, USA, 19010-3489

Website

https://www.essential.co

Essential Utilities is a Pennsylvania-based holding company for U.S. water, wastewater, and natural gas distribution utilities. The company's water business serves 3 million people in eight states. Nearly three fourths of its water earnings come from Pennsylvania, primarily suburban Philadelphia. Its Peoples subsidiary serves more than 700,000 gas distribution customers in Pennsylvania and Kentucky. Essential exited its noncore competitive water and energy services businesses.

Executives

Roderick K West	director	1600 PERDIDO STREET, BLDG 505, NEW ORLEANS LA 70112
Arnold Colleen	officer: President	762 W. LANCASTER AVENUE, BRYN MAWR PA 19010
Chris Franklin	officer: Aqua America Southern Oper	762 W.LANCASTER AVE, BRYN MAWR PA 19010
Michael Huwar	officer: President	762 W. LANCASTER AVENUE, BRYN MAWR PA 19010
Ellen T Ruff	director	762, W LANCASTER AVE, BRYN MAWR PA 19010
Wilbert Bryan Lewis	director	762 W. LANCASTER AVENUE, BRYN MAWR PA 19010
Robert A Rubin	officer: Chief Accounting Officer	762 W LANCASTER AVE, BRYN MAWR PA 19010
Daniel Schuller	officer: Executive Vice President	40 SACHEM ROAD, GREENWICH CT 06830
David Alan Ciesinski	director	H. J. HEINZ COMPANY, P.O. BOX 57, PITTSBURGH PA 15230
Edwina Kelly	director	510 MADISON AVENUE, 15FL, NEW YORK NY 10022
Richard Scott Fox	officer: Chief Operating Officer	14812 BALLANTYNE COUNTRY CLUB DRIVE, CHARLOTTE NC 28277
Matthew Rhodes	officer: EVP, Strategy & Corp Dev	762 LANCASTER AVE, BRYN MAWR PA 19010
Wendy Franks	director	ONE QUEEN STREET EAST, SUITE 2500, TORONTO A6 M5C 2W5
Hilferty Daniel J Iii	director	C/O FS INVESTMENT CORPORATION III, CIRA CENTRE, 2929 ARCH STREET, SUITE 675, PHILADELPHIA PA 19104
Christopher Paul Luning	officer: Sr. VP, General Counsel & Sec	762 W. LANCASTER AVE, BRYN MAWR PA 19010