CNIGP.PFD (Corning Natural Gas Holding) Receivables Turnover : 2.98 (As of Mar. 2022)

Corning Natural Gas Holding Receivables Turnover Chart

Corning Natural Gas Holding Annual Data
	Trend	Sep12	Sep13	Sep14	Sep15	Sep16	Sep17	Sep18	Sep19	Sep20	Sep21
Receivables Turnover		Get a 7-Day Free Trial					7.54	9.72	10.92	11.50	11.58

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
Receivables Turnover	Get a 7-Day Free Trial															2.91	1.88	1.91	2.45	2.98

Competitive Comparison of Corning Natural Gas Holding's Receivables Turnover

For the Utilities - Regulated Gas subindustry, Corning Natural Gas Holding's Receivables Turnover, along with its competitors' market caps and Receivables Turnover 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 Receivables Turnover Distribution in the Utilities - Regulated Industry

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

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

Corning Natural Gas Holding Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

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

Corning Natural Gas Holding's Receivables Turnover for the quarter that ended in Mar. 2022 is calculated as

* 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:CNIGP.PFD) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Corning Natural Gas Holding Receivables Turnover Related Terms

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Corning Natural Gas Holding Business Description