Corning Natural Gas Holding (Corning Natural Gas Holding) Days Payable : 73.79 (As of Mar. 2022)

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What is Corning Natural Gas Holding Days Payable?

Corning Natural Gas Holding's average Accounts Payable for the three months ended in Mar. 2022 was $5.54 Mil. Corning Natural Gas Holding's Cost of Goods Sold for the three months ended in Mar. 2022 was $6.85 Mil. Hence, Corning Natural Gas Holding's Days Payable for the three months ended in Mar. 2022 was 73.79.

The historical rank and industry rank for Corning Natural Gas Holding's Days Payable or its related term are showing as below:

CNIGP.PFD' s Days Payable Range Over the Past 10 Years
Min: 74.73 Med: 97.19 Max: 224.16
Current: 119.96

During the past 13 years, Corning Natural Gas Holding's highest Days Payable was 224.16. The lowest was 74.73. And the median was 97.19.

CNIGP.PFD's Days Payable is not ranked
in the Utilities - Regulated industry.
Industry Median: 67.1 vs CNIGP.PFD: 119.96

Corning Natural Gas Holding's Days Payable declined from Mar. 2021 (77.90) to Mar. 2022 (73.79). It may suggest that Corning Natural Gas Holding accelerated paying its suppliers.

Corning Natural Gas Holding Days Payable Historical Data

The historical data trend for Corning Natural Gas Holding'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.

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Corning Natural Gas Holding Days Payable Chart

Corning Natural Gas Holding Annual Data

Trend

Sep12

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Days Payable

Get a 7-Day Free Trial

127.79

101.27

87.77

105.76

120.23

Corning Natural Gas Holding Quarterly Data
	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22
Days Payable	Get a 7-Day Free Trial															77.90	194.24	236.70	111.64	73.79

Competitive Comparison of Corning Natural Gas Holding's Days Payable

For the Utilities - Regulated Gas subindustry, Corning Natural Gas Holding'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.

Corning Natural Gas Holding's Days Payable Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Corning Natural Gas Holding's Days Payable distribution charts can be found below:

* The bar in red indicates where Corning Natural Gas Holding's Days Payable falls into.

Corning Natural Gas Holding 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.

Corning Natural Gas Holding's Days Payable for the fiscal year that ended in Sep. 2021 is calculated as

	Days Payable (A: Sep. 2021 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2020 )	+	Accounts Payable (A: Sep. 2021 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2021 )	*	Days in Period
=	( (2.294	+	3.844)	/	2 )	/	9.317	*	365
=	3.069					/	9.317	*	365
=	120.23

Corning Natural Gas Holding's Days Payable for the quarter that ended in Mar. 2022 is calculated as:

	Days Payable (Q: Mar. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2021 )	+	Accounts Payable (Q: Mar. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2022 )	*	Days in Period
=	( (5.058	+	6.017)	/	2 )	/	6.848	*	365 / 4
=	5.5375					/	6.848	*	365 / 4
=	73.79

Corning Natural Gas Holding Days Payable Related Terms

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Corning Natural Gas Holding (Corning Natural Gas Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Corning Natural Gas Holding Corp (OTCPK:CNIGP.PFD) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

330 West William Street, Corning, NY, USA, 14830

Website

http://www.corninggas.com

Corning Natural Gas Holding Corp, through its subsidiaries, is engaged in natural gas and electric distribution. Its segments include Gas Company, Pike, Leatherstocking companies, and Holding company. The company serves residential, commercial, industrial, and municipal customers. The company generates the vast majority of its revenue from Gas distribution.

Executives

Williamson John B Iii	director	PO BOX 13007, ROANOKE VA 24030
Michael I German	director, officer: CEO and President	C/O ENERGY EAST CORP, PO BOX 3287, ITHACA NY 14852-3287
Robert B Johnston	director
Joseph P Mirabito	director	C/O THE WILBER CORPORATION, 245 MAIN STREET, PO BOX 430, ONEONTA NY 13820
Ted W Gibson	director	330 WEST WILLIAM STREET, CORNING NY 14830
George J Welch	director	330 WEST WILLIAM ST, CORNING NY 14830
Cook Henry B Jr	director	330 WEST WILLIAM ST, CORNING NY 14830
William Mirabito	director	188 HIGHLAND TERRACE, WEST ONEONTA NY 13861
Russell S Miller	officer: SVP, Chief Information Officer
Matthew J Cook	officer: SVP & Chief Operations Officer	330 WEST WILLIAM STREET, CORNING NY 14830
Charles A. Lenns	officer: Vice President and CFO	330 WEST WILLIAM STREET, CORNING NY 14830
Stanley G Sleve	officer: Vice President Administration
Anita G Zucker	10 percent owner	4838 JENKINS AVE, N CHARLESTON SC 29405
Firouzeh Sarhangi	officer: Chief Financial Officer