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CNIGP.PFD (Corning Natural Gas Holding) Degree of Operating Leverage : 0.00 (As of Mar. 2022)


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What is Corning Natural Gas Holding Degree of Operating Leverage?

Degree of Operating Leverage (DOL) measures the percentage change in EBIT for a unit change in Revenue. Corning Natural Gas Holding's Degree of Operating Leverage for the quarter that ended in Mar. 2022 was 0.00. The higher Degree of Operating Leverage, the higher operating risk the company will take.

The industry rank for Corning Natural Gas Holding's Degree of Operating Leverage or its related term are showing as below:

CNIGP.PFD's Degree of Operating Leverage is not ranked *
in the Utilities - Regulated industry.
Industry Median: 0.86
* Ranked among companies with meaningful Degree of Operating Leverage only.

Corning Natural Gas Holding Degree of Operating Leverage Historical Data

The historical data trend for Corning Natural Gas Holding's Degree of Operating Leverage 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 Degree of Operating Leverage Chart

Corning Natural Gas Holding Annual Data
Trend Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21
Degree of Operating Leverage
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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
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Competitive Comparison of Corning Natural Gas Holding's Degree of Operating Leverage

For the Utilities - Regulated Gas subindustry, Corning Natural Gas Holding's Degree of Operating Leverage, along with its competitors' market caps and Degree of Operating Leverage 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 Degree of Operating Leverage Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Corning Natural Gas Holding's Degree of Operating Leverage distribution charts can be found below:

* The bar in red indicates where Corning Natural Gas Holding's Degree of Operating Leverage falls into.


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Corning Natural Gas Holding Degree of Operating Leverage Calculation

Corning Natural Gas Holding's Degree of Operating Leverage for the quarter that ended in Mar. 2022 is calculated as:

Degree of Operating Leverage=% Change in EBIT**/% Change in Revenue
=( 5.886 (Mar. 2022) / 6.333 (Mar. 2021) - 1 )/( 41.136 (Mar. 2022) / 33.821 (Mar. 2021) - 1 )
=-0.0706/0.2163
=-0.33***

* 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.

** TTM data of EBIT and Revenue was used to calculate Degree of Operating Leverage.
*** Please be aware that the Degree of Operating Leverage calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.


Corning Natural Gas Holding  (OTCPK:CNIGP.PFD) Degree of Operating Leverage Explanation

Degree of Operating Leverage (DOL) is a leverage ratio that measures the sensitivity of a company’s operting income, also referred to as Earnings Before Interest and Taxes (EBIT), to fluctuations in its Revenue. DOL is a method used to quantify a company’s operating risk. This risk is related to the company's structure of variable costs and fixed costs. Since the fixed costs do not allow the company to adjust the operating costs, the operating risk rises with a higher fixed-to-variable costs proportion.

A high Degree of Operating Leverage indicates that the company’s fixed costs exceed its variable costs. By increasing the sales, the company can earn more profits. In addition, the company must be able to maintain relatively high sales to cover all fixed costs.

Be Aware

The use of operating leverage varies across different industries and business sectors, and the application of Degree of Operating Leverage (DOL) should be adjusted accordingly.


Corning Natural Gas Holding Degree of Operating Leverage Related Terms

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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.
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