New Jersey Resources (New Jersey Resources) Days Payable

: 64.87 (As of Dec. 2023)

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New Jersey Resources's average Accounts Payable for the three months ended in Dec. 2023 was $193 Mil. New Jersey Resources's Cost of Goods Sold for the three months ended in Dec. 2023 was $272 Mil. Hence, New Jersey Resources's Days Payable for the three months ended in Dec. 2023 was 64.87.

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

NJR' s Days Payable Range Over the Past 10 Years
Min: 34.08 Med: 53.46 Max: 80.48
Current: 66.25

During the past 13 years, New Jersey Resources's highest Days Payable was 80.48. The lowest was 34.08. And the median was 53.46.

NJR's Days Payable is ranked worse than
50.91% of 495 companies
in the Utilities - Regulated industry
Industry Median: 66.78 vs NJR: 66.25

New Jersey Resources's Days Payable increased from Dec. 2022 (60.91) to Dec. 2023 (64.87). It may suggest that New Jersey Resources delayed paying its suppliers.

New Jersey Resources Days Payable Historical Data

The historical data trend for New Jersey 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.

New Jersey Resources Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Payable

48.57

58.34

67.04

62.04

80.48

New Jersey 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																60.91	51.15	78.38	75.82	64.87

Competitive Comparison

For the Utilities - Regulated Gas subindustry, New Jersey 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.

New Jersey Resources Days Payable Distribution

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

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

New Jersey 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.

New Jersey Resources's Days Payable for the fiscal year that ended in Sep. 2023 is calculated as

	Days Payable (A: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2022 )	+	Accounts Payable (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (392.48	+	203.926)	/	2 )	/	1352.511	*	365
=	298.203					/	1352.511	*	365
=	80.48

New Jersey 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
=	( (203.926	+	182.662)	/	2 )	/	271.915	*	365 / 4
=	193.294					/	271.915	*	365 / 4
=	64.87

New Jersey Resources Days Payable Related Terms

Thank you for viewing the detailed overview of New Jersey Resources's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

New Jersey Resources (New Jersey Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » New Jersey Resources Corp (NYSE:NJR) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

NJ1:Germany

Address

1415 Wyckoff Road, Wall, NJ, USA, 07719

Website

https://www.njresources.com

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.

Executives

Patrick J. Migliaccio	officer: Senior VP and CFO	1415 WYCKOFF ROAD, WALL NJ 07719
Peter C Harvey	director	C/O NEW JERSEY RESOURCES CORPORATION, 1415 WYCKOFF ROAD, WALL NJ 07719
Stephen D Westhoven	officer: Senior V.P., Subsidiary	1415 WYCKOFF ROAD, WALL NJ 07719
Stephen Skrocki	officer: Corporate Controller and PAO	C/O NEW JERSEY RESOURCES CORPORATION, 1415 WYCKOFF ROAD, WALL NJ 07719
Lori Delgiudice	officer: SVP, Human Resources	C/O NEW JERSEY RESOURCES CORPORATION, 1415 WYCKOFF ROAD, WALL NJ 07719
Michael A O'sullivan	director	C/O NEW JERSEY RESOURCES CORPORATION, 1415 WYCKOFF ROAD, WALL NJ 07719
Roberto Bel	officer: SVP and CFO	C/O NEW JERSEY RESOURCES CORPORATION, 1415 WYCKOFF ROAD, WALL NJ 07719
Degraffenreidt James H Jr	director	1100 H ST NW, WASHINGTON DC 20080
Richard Reich	officer: SVP, Gen Counsel and Corp Sec	C/O NEW JERSEY RESOURCES CORPORATION, 1415 WYCKOFF ROAD, WALL NJ 07719
Timothy F. Shea	officer: Vice President, Subsidiary	C/O NEW JERSEY RESOURCES CORPORATION, 1415 WYCKOFF ROAD, WALL NJ 07719
Howard M William Jr	director	C/O NEW JERSEY RESOURCES CORPORATION, 1415 WYCKOFF ROAD, WALL NJ 07719
M Susan Hardwick	director	C/O AMERICAN WATER WORKS COMPANY, INC., 1 WATER STREET, CAMDEN NJ 08102-1658
Donald L Correll	director	C/O INTERCHANGE FINANCIAL SERVICES CORP, PARK 80 W PLAZA TWO, SADDLE BROOK NJ 07663
Amy Cradic	officer: SVP & COO Non-Utility Business	C/O NEW JERSEY RESOURCES CORPORATION, 1415 WYCKOFF ROAD, WALL NJ 07719
Craig A Lynch	officer: SVP, Subsidiary	C/O NEW JERSEY RESOURCES CORPORATION, 1415 WYCKOFF ROAD, WALL NJ 07719