South Jersey Industries (South Jersey Industries) Accounts Receivable : $352 Mil (As of Sep. 2022)

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What is South Jersey Industries Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. South Jersey Industries's accounts receivables for the quarter that ended in Sep. 2022 was $352 Mil.

Accounts receivable can be measured by Days Sales Outstanding. South Jersey Industries's Days Sales Outstanding for the quarter that ended in Sep. 2022 was 52.85.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. South Jersey Industries's Net-Net Working Capital per share for the quarter that ended in Sep. 2022 was $-44.81.

South Jersey Industries Accounts Receivable Historical Data

The historical data trend for South Jersey Industries's Accounts Receivable 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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South Jersey Industries Accounts Receivable Chart

South Jersey Industries Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Accounts Receivable

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202.38

337.50

253.66

278.72

343.84

South Jersey Industries Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Accounts Receivable	Get a 7-Day Free Trial															272.29	343.84	407.31	378.10	352.44

South Jersey Industries Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

South Jersey Industries Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

South Jersey Industries's Days Sales Outstanding for the quarter that ended in Sep. 2022 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	352.437	/	608.518	*	91
=	52.85

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), South Jersey Industries's accounts receivable are only considered to be worth 75% of book value:

South Jersey Industries's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2022 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(52.763	+	0.75 * 352.437	+	0.5 * 120.902	-	5854.174
-	0	-	11.619)	/	122.465
=	-44.81

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

South Jersey Industries Accounts Receivable Related Terms

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South Jersey Industries (South Jersey Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » South Jersey Industries Inc (NYSE:SJI) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 South Jersey Plaza, Folsom, NJ, USA, 08037

Website

https://www.sjindustries.com

South Jersey Industries Inc is a New Jersey holding company that acquires and develops utility companies. Through its many subsidiaries, SJI is primarily involved in transmitting, distributing, and selling natural gas and electricity in the mid-Atlantic U.S. The company segments its operations into gas utility operations and energy group businesses. The majority of SJI's total revenue comes from its gas utility operations, which encompasses the company's principal subsidiary: South Jersey Gas. SJG purchases, transmit, and sells natural gas primarily for residential consumers in southern New Jersey. The energy group also represents a significant income stream through its wholesale energy and retail electric services.

Executives

G Edison Holland	director	270 PEACHTREE ST NW BIN 910, ATLANTA GA 30303
Kevin M. O'dowd	director	1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037
Eric Moss Stein	officer: SVP, General Counsel	1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037
Leonard Jr Brinson	officer: SVP, Chief Information Officer	1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037
Karen L Phillips	officer: SVP, Human Resources	1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037
Christopher Paladino	director	1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037
Sheila Hartnett-devlin	director, Director	SOUTH JERSEY INDUSTRIES, 1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037
Sunita Holzer	director	SOUTH JERSEY INDUSTRIES, 1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037
Kathleen D Larkin	officer: SVP & CHRO	1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037
Cielo Hernandez	officer: SVP & CFO	C/O XL FLEET CORP., 145 NEWTON STREET, BOSTON MA 02135
Ann T Anthony	officer: Treasurer	1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037
Walter M Higgins	director	SOUTH JERSEY INDUSTRIES, 1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037
Michael J Renna	officer: Vice President	1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037
Melissa Orsen	officer: SVP & General Counsel	1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037
Steven R Cocchi	officer: SVP, Strategy & Growth	1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037