ARTNA (Artesian Resources) Accounts Receivable : $7.7 Mil (As of Sep. 2024)

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What is Artesian Resources Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Artesian Resources's accounts receivables for the quarter that ended in Sep. 2024 was $7.7 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Artesian Resources's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 24.19.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Artesian Resources's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was $-52.34.

Artesian Resources Accounts Receivable Historical Data

The historical data trend for Artesian Resources'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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Artesian Resources Accounts Receivable Chart

Artesian Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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5.57

6.71

7.31

6.46

7.09

Artesian Resources Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Accounts Receivable	Get a 7-Day Free Trial															6.80	7.09	6.69	8.53	7.72

Artesian Resources Accounts Receivable Calculation

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

Artesian Resources 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.

Artesian Resources's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	7.724	/	29.142	*	91
=	24.19

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

Artesian Resources's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2024 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)
=	(10.703	+	0.75 * 7.724	+	0.5 * 4.459	-	557.706
-	0	-	0)	/	10.2978
=	-52.34

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.

Artesian Resources Accounts Receivable Related Terms

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Artesian Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Artesian Resources Corp (NAS:ARTNA) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

ARTNB:USA

Address

664 Churchmans Road, Newark, DE, USA, 19702

Website

http://www.artesianwater.com

Artesian Resources Corp operates as a holding company with a focus on water distribution and wastewater services. Its regulated utility segment includes subsidiaries providing water and wastewater services in Delaware, Maryland, and Pennsylvania. Water distribution spans residential, commercial, industrial, and municipal sectors, while wastewater services are offered primarily in Sussex County, Delaware. The company also engages in non-utility businesses, offering service line protection plans, engineering services, and contract operations for water and wastewater systems. The regulated utility segment constitutes the largest portion of the company's operations, subject to regulations by Delaware, Maryland, and Pennsylvania.

Executives

Nicholle Renee Taylor	director, officer: Director / Vice President	664 CHURCHMANS ROAD, NEWARK DE 19702
John M Thaeder	officer: Senior VP of Operations
Emerson Courtney A	officer: Gen Counsel & Asst Secretary	107 DODGE DRIVE, SMYRNA DE 19977
Dian C Taylor	director, officer: C.E.O. President
Kenneth R Biederman	director
Raymond T. Kelly	officer: VP of Information Technology	15 GABRIELLE CIRCLE, SWEDESBORO NJ 08085
Daniel Konstanski	officer: Vice President of Engineering	607 S CLAYTON STREET, WILMINGTON DE 19805
Eisenbrey John R Jr	director
Pierre A Anderson	officer: VP of Information Technology	664 CHURCHMANS ROAD, NEWARK DE 19702
William C Wyer	director
Michael Houghton	director	212 CLOVER DRIVE, HOCKESSIN DE 19707
Karl G. Randall	officer: Asst Secretary and Gen Counsel	664 CHURCHMANS ROAD, NEWARK DE 19702
Schreppler John J Ii	officer: VP and General Counsel
Joseph A Dinunzio	officer: Exec VP / Corp Secretary	664 CHURCHMANS ROAD, NEWARK DE 19702
David B Spacht	officer: CFO and Treasurer