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The Connecticut Light & Power Co (The Connecticut Light & Power Co) Receivables Turnover : 1.78 (As of Dec. 2019)


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What is The Connecticut Light & Power Co Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. The Connecticut Light & Power Co's Revenue for the three months ended in Dec. 2019 was $788.52 Mil. The Connecticut Light & Power Co's average Accounts Receivable for the three months ended in Dec. 2019 was $444.13 Mil. Hence, The Connecticut Light & Power Co's Receivables Turnover for the three months ended in Dec. 2019 was 1.78.


The Connecticut Light & Power Co Receivables Turnover Historical Data

The historical data trend for The Connecticut Light & Power Co's Receivables Turnover 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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The Connecticut Light & Power Co Receivables Turnover Chart

The Connecticut Light & Power Co Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.92 7.89 7.62 7.56 7.65

The Connecticut Light & Power Co Quarterly Data
Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19
Receivables Turnover 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 1.64 1.90 1.61 1.87 1.78

Competitive Comparison of The Connecticut Light & Power Co's Receivables Turnover

For the Utilities - Regulated Electric subindustry, The Connecticut Light & Power Co'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.


The Connecticut Light & Power Co's Receivables Turnover Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, The Connecticut Light & Power Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where The Connecticut Light & Power Co's Receivables Turnover falls into.



The Connecticut Light & Power Co Receivables Turnover Calculation

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

The Connecticut Light & Power Co's Receivables Turnover for the fiscal year that ended in Dec. 2019 is calculated as

Receivables Turnover (A: Dec. 2019 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2019 ) / ((Accounts Receivable (A: Dec. 2018 ) + Accounts Receivable (A: Dec. 2019 )) / count )
=3232.551 / ((420.108 + 425.504) / 2 )
=3232.551 / 422.806
=7.65

The Connecticut Light & Power Co's Receivables Turnover for the quarter that ended in Dec. 2019 is calculated as

Receivables Turnover (Q: Dec. 2019 )
=Revenue / Average Total Inventories
=Revenue (Q: Dec. 2019 ) / ((Accounts Receivable (Q: Sep. 2019 ) + Accounts Receivable (Q: Dec. 2019 )) / count )
=788.517 / ((462.752 + 425.504) / 2 )
=788.517 / 444.128
=1.78

* 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.


The Connecticut Light & Power Co  (OTCPK:CNPWP.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.


The Connecticut Light & Power Co Receivables Turnover Related Terms

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The Connecticut Light & Power Co (The Connecticut Light & Power Co) Business Description

Traded in Other Exchanges
N/A
Address
107 Selden Street, Berlin, CT, USA, 06037-1616
The Connecticut Light & Power Co is a regulated electric utility that serves residential, commercial and industrial customers in parts of Connecticut. Its business consists of purchase, delivery, and sale of electricity to customers.

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