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Corning Natural Gas Holding (Corning Natural Gas Holding) Days Sales Outstanding : 30.65 (As of Mar. 2022)


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What is Corning Natural Gas Holding Days Sales Outstanding?

Corning Natural Gas Holding's average Accounts Receivable for the three months ended in Mar. 2022 was $5.70 Mil. Corning Natural Gas Holding's Revenue for the three months ended in Mar. 2022 was $16.97 Mil. Hence, Corning Natural Gas Holding's Days Sales Outstanding for the three months ended in Mar. 2022 was 30.65.

The historical rank and industry rank for Corning Natural Gas Holding's Days Sales Outstanding or its related term are showing as below:

CNIGP.PFD' s Days Sales Outstanding Range Over the Past 10 Years
Min: 25.2   Med: 31.63   Max: 57.82
Current: 40.09

During the past 13 years, Corning Natural Gas Holding's highest Days Sales Outstanding was 57.82. The lowest was 25.20. And the median was 31.63.

CNIGP.PFD's Days Sales Outstanding is not ranked
in the Utilities - Regulated industry.
Industry Median: 53.89 vs CNIGP.PFD: 40.09

Corning Natural Gas Holding's Days Sales Outstanding declined from Mar. 2021 (31.35) to Mar. 2022 (30.65).


Corning Natural Gas Holding Days Sales Outstanding Historical Data

The historical data trend for Corning Natural Gas Holding's Days Sales Outstanding 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 Days Sales Outstanding Chart

Corning Natural Gas Holding Annual Data
Trend Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21
Days Sales Outstanding
Get a 7-Day Free Trial Premium Member Only Premium Member Only 48.42 37.54 33.42 31.73 31.53

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
Days Sales Outstanding 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 31.35 48.54 47.70 37.29 30.65

Competitive Comparison of Corning Natural Gas Holding's Days Sales Outstanding

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

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

* The bar in red indicates where Corning Natural Gas Holding's Days Sales Outstanding falls into.



Corning Natural Gas Holding Days Sales Outstanding Calculation

Days Sales Outstanding measures 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 Receivable are being managed.

Accounts Receivable can be measured by Days Sales Outstanding.

Corning Natural Gas Holding's Days Sales Outstanding for the fiscal year that ended in Sep. 2021 is calculated as

Days Sales Outstanding (A: Sep. 2021 )
=Average Accounts Receivable /Revenue*Days in Period
=( (Accounts Receivable (A: Sep. 2020 ) + Accounts Receivable (A: Sep. 2021 )) / count ) / Revenue (A: Sep. 2021 )*Days in Period
=( (2.858 + 3.23) / 2 ) / 35.236*365
=3.044 / 35.236*365
=31.53

Corning Natural Gas Holding's Days Sales Outstanding for the quarter that ended in Mar. 2022 is calculated as:

Days Sales Outstanding (Q: Mar. 2022 )
=Average Accounts Receivable /Revenue*Days in Period
=( (Accounts Receivable (A: Dec. 2021 ) + Accounts Receivable (A: Mar. 2022 )) / count ) / Revenue (A: Mar. 2022 )*Days in Period
=( (5.333 + 6.065) / 2 ) / 16.965*365 / 4
=5.699 / 16.965*365 / 4
=30.65

* 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) Days Sales Outstanding Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.


Corning Natural Gas Holding Days Sales Outstanding Related Terms

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Corning Natural Gas Holding (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