ARTNB (Artesian Resources) Days Payable: 70.86 (As of Mar. 2026) — Near Median


ARTNB Artesian Resources Corp ARTNB
78 GF Score
Price $33.51
GF Value $38.60
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Artesian Resources Days Payable?

Artesian Resources ARTNB 78 Days Payable is 70.86 as of Mar. 2026, which is 1% above its 10-year median of 70.14. GuruFocus rates ARTNB with a GF Score™ of 78/100 and a GF Value™ of $38.60 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 481 Utilities - Regulated companies, Artesian Resources ranks worse than 51.98% on this metric.

Artesian Resources's average Accounts Payable for the three months ended in Mar. 2026 was $11.2 Mil. Artesian Resources's Cost of Goods Sold for the three months ended in Mar. 2026 was $14.4 Mil. Hence, Artesian Resources's Days Payable for the three months ended in Mar. 2026 was 70.86.

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

ARTNB' s Days Payable Range Over the Past 10 Years
Min: 49.83   Med: 70.14   Max: 80.65
Current: 68.08

During the past 13 years, Artesian Resources's highest Days Payable was 80.65. The lowest was 49.83. And the median was 70.14.

ARTNB's Days Payable is ranked worse than
51.98% of 481 companies
in the Utilities - Regulated industry
Industry Median: 70.61 vs ARTNB: 68.08

Artesian Resources's Days Payable increased from Mar. 2025 (69.25) to Mar. 2026 (70.86). It may suggest that Artesian Resources delayed paying its suppliers.


Artesian Resources Days Payable Historical Data

* Premium members only.

The historical data trend for Artesian 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.

Artesian Resources Days Payable Chart

Artesian Resources Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 66.58 76.19 74.34 70.02 80.65

Artesian Resources Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Days Payable 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 69.25 66.18 70.28 77.36 70.86

ARTNB vs CDZI, PCYO, GWRS: Days Payable Comparison

For the Utilities - Regulated Water subindustry, Artesian 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.


Artesian Resources Days Payable vs Utilities - Regulated Industry

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

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


ARTNB
78GF Score
Artesian Resources Corp ARTNB
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Artesian 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.

Artesian Resources's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as

Days Payable (A: Dec. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2024 ) + Accounts Payable (A: Dec. 2025 )) / count ) / Cost of Goods Sold (A: Dec. 2025 )*Days in Period
=( (11.228 + 14.018) / 2 ) / 57.126*365
=12.623 / 57.126*365
=80.65

Artesian Resources's Days Payable for the quarter that ended in Mar. 2026 is calculated as:

Days Payable (Q: Mar. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (14.018 + 8.298) / 2 ) / 14.368*365 / 4
=11.158 / 14.368*365 / 4
=70.86

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 70.86 mean?
Artesian Resources (ARTNB) has a Days Payable of 70.86 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Artesian Resources and its competitors. This is near median its historical median of 70.14. Over the past decade, Artesian Resources' Days Payable has ranged from 49.83 to 80.65. According to the industry distribution chart, Artesian Resources ranks #250 out of 481 companies in the Utilities - Regulated industry, placing it in the top 52%.
Is Artesian Resources' Days Payable too high?
Artesian Resources' current Days Payable of 70.86 is near median its 10-year median of 70.14. Over the past 10 years, this metric has ranged from a low of 49.83 to a high of 80.65. The Utilities - Regulated industry median Days Payable is 70.61. Artesian Resources' value of 70.86 is 0.4% above this industry median. Based on the distribution chart, Artesian Resources ranks #250 out of 481 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Artesian Resources has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Artesian Resources' Days Payable compare to CDZI and PCYO?
According to the Utilities - Regulated industry distribution chart, Artesian Resources ranks #250 out of 481 companies for Days Payable. This places Artesian Resources in the lower half of its industry. The industry median Days Payable is 70.61. Artesian Resources' value of 70.86 is 0.4% above this benchmark. Historically, Artesian Resources' own Days Payable has ranged from 49.83 to 80.65 over the past decade. While the company's 10-year median is 70.14 vs. the industry median of 70.61, Artesian Resources has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for an Utilities - Regulated company?
The median Days Payable among Utilities - Regulated companies is 70.61, based on 481 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Artesian Resources's current Days Payable of 70.86 is 0.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Artesian Resources and its competitors. For the Utilities - Regulated industry, the median Days Payable is 70.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Artesian Resources's current Days Payable is 70.86, which is near median its own 10-year median of 70.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Artesian Resources stock overvalued right now?
Based on GuruFocus' analysis, Artesian Resources (ARTNB) is currently considered Modestly Undervalued. The stock's GF Value™ is $38.60, compared to a current price of $33.51 — trading 13.2% below its estimated fair value. The current Days Payable is 70.86, which is near median its 10-year median of 70.14 and 0.4% above the Utilities - Regulated industry median of 70.61. Artesian Resources' overall GF Score™ is 78/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Artesian Resources (ARTNB), the current Days Payable is 70.86 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Artesian Resources (ARTNB) Overvalued in 2026?

Based on GuruFocus' analysis, Artesian Resources stock appears to be undervalued. The current stock price of $33.51 is trading 13.2% below its estimated GF Value™ of $38.60. GuruFocus considers Artesian Resources to be Modestly Undervalued.

Key valuation signals for ARTNB:

  • Days Payable: 70.86 (near median its 10-year median of 70.14)
  • GF Value™: $38.60 vs. price of $33.51 (13.2% below fair value)
  • GF Score™: 78/100 with 3 warning signs
  • Industry Position: 0.4% above the Utilities - Regulated median (#250 of 481)

No single metric tells the full story. See the ARTNB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Artesian Resources Business Description

Other Exchanges ARTNA:USA
Address 664 Churchmans Road, Newark, DE, USA, 19702
Artesian Resources Corp operates as a holding company based in the United States. Through its subsidiaries, it offers water, wastewater, and other services in Delaware, Maryland, and Pennsylvania. The Group distributes and sells water, including water for public and private fire protection, to residential, commercial, industrial, municipal, and utility customers. Additionally, it is involved in contract water and wastewater operations; offers wastewater services, and water, sewer, and internal Service Line Protection Plans. The Group operates its businesses mainly through one reportable segment, the Regulated Utility segment.
78GF Score

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Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$33.51
Price
$38.60
GF Value