UTL (Unitil) Receivables Turnover : 1.60 (As of Sep. 2024)

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What is Unitil 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. Unitil's Revenue for the three months ended in Sep. 2024 was $92.9 Mil. Unitil's average Accounts Receivable for the three months ended in Sep. 2024 was $58.0 Mil. Hence, Unitil's Receivables Turnover for the three months ended in Sep. 2024 was 1.60.

Unitil Receivables Turnover Historical Data

The historical data trend for Unitil'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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Unitil Receivables Turnover Chart

Unitil Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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7.19

7.15

7.34

8.01

7.49

Unitil Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															1.77	1.95	2.25	1.33	1.60

Competitive Comparison of Unitil's Receivables Turnover

For the Utilities - Diversified subindustry, Unitil'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.

Unitil's Receivables Turnover Distribution in the Utilities - Regulated Industry

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

* The bar in red indicates where Unitil's Receivables Turnover falls into.

Unitil Receivables Turnover Calculation

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

Unitil's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	557.1	/ (	(73.8	+	75)	/	2 )
=	557.1	/	74.4
=	7.49

Unitil's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	92.9	/ (	(60	+	56)	/	2 )
=	92.9	/	58
=	1.60

Unitil (NYSE:UTL) 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.

Unitil Receivables Turnover Related Terms

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Unitil Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Unitil Corp (NYSE:UTL) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

6 Liberty Lane West, Hampton, NH, USA, 03842-1720

Website

https://www.unitil.com

Unitil Corp is a holding company, through its subsidiaries it is engaged in the local distribution of electricity and natural gas throughout its service territories in the states of New Hampshire, Massachusetts, and Maine. It reports three segments namely utility gas operations, utility electric operations, and non-regulated.

Executives

Todd R Diggins	officer: Controller and CAO	6 LIBERTY LANE WEST, HAMPTON NH 03842
Anne L. Alonzo	director	601 WEST FIRST AVENUE, SUITE 1600, SPOKANE WA 99201
Neveen F Awad	director	6 LIBERTY LANE WEST, HAMPTON NH 03842
Justin Eisfeller	officer: VP, IT & CTO	6 LIBERTY LANE WEST, HAMPTON NH 03842
Todd R Black	officer: SR. VICE PRESIDENT	6 LIBERTY LANE WEST, HAMPTON NH 03842
Robert B Hevert	officer: Senior Vice President	6 LIBERTY LANE WEST, HAMPTON NH 03842
Meissner Thomas P Jr	officer: Sr. Vice President	6 LIBERTY LANE WEST, HAMPTON NH 03842
Daniel J Hurstak	officer: Controller	6 LIBERTY LANE WEST, HAMPTON NH 03842
Winfield S Brown	director	6 LIBERTY LANE WEST, HAMPTON NH 03842
Justine Vogel	director	6 LIBERTY LANE WEST, HAMPTON NH 03857
Suzanne Foster	director	6 LIBERTY LANE WEST, HAMPTON NH 03842
Christine L Vaughan	officer: SVP, Fin. & Regulatory Svcs	6 LIBERTY LANE WEST, HAMPTON NH 03842
Christopher J Leblanc	officer: Vice President	6 LIBERTY LANE WEST, HAMPTON NH 03842
Elfner Albert H Iii	director	6 LIBERTY LANE WEST, HAMPTON NH 03842
David P Brownell	director	6 LIBERTY LANE WEST, HAMPTON NH 03842