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Corning Natural Gas Holding (Corning Natural Gas Holding) Change In Receivables : $-1.67 Mil (TTM As of Mar. 2022)


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What is Corning Natural Gas Holding Change In Receivables?

Corning Natural Gas Holding's change in receivables for the quarter that ended in Mar. 2022 was $-1.02 Mil. It means Corning Natural Gas Holding's Accounts Receivable increased by $1.02 Mil from Dec. 2021 to Mar. 2022 .

Corning Natural Gas Holding's change in receivables for the fiscal year that ended in Sep. 2021 was $-0.48 Mil. It means Corning Natural Gas Holding's Accounts Receivable increased by $0.48 Mil from Sep. 2020 to Sep. 2021 .

Corning Natural Gas Holding's Accounts Receivable for the quarter that ended in Mar. 2022 was $6.07 Mil.

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 Receivable are being managed. Corning Natural Gas Holding's Days Sales Outstanding for the three months ended in Mar. 2022 was 32.62.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Corning Natural Gas Holding's liquidation value for the three months ended in Mar. 2022 was $-102.94 Mil.


Corning Natural Gas Holding Change In Receivables Historical Data

The historical data trend for Corning Natural Gas Holding's Change In Receivables 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.

Corning Natural Gas Holding Change In Receivables Chart

Corning Natural Gas Holding Annual Data
Trend Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21
Change In Receivables
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.57 -0.69 0.80 -0.11 -0.48

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
Change In Receivables Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.38 1.55 -0.04 -2.16 -1.02

Corning Natural Gas Holding Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Mar. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.67 Mil.

* 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.


Corning Natural Gas Holding  (OTCPK:CNIGO.PFD) Change In Receivables 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 Receivable are being managed.

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

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=6.065/16.965*91
=32.62

2. In Ben Graham's calculation of liquidation value, Corning Natural Gas Holding's accounts receivable are only considered to be worth 75% of book value:

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

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=0.333-110.577+0.75 * 6.065+0.5 * 5.518
=-102.94

* 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.


Corning Natural Gas Holding Change In Receivables Related Terms

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

Traded in Other Exchanges
N/A
Address
330 West William Street, Corning, NY, USA, 14830
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.