Teekay Offshore Partners LP (Teekay Offshore Partners LP) Accounts Receivable : $127 Mil (As of Jun. 2022)

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What is Teekay Offshore Partners LP Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Teekay Offshore Partners LP's accounts receivables for the quarter that ended in Jun. 2022 was $127 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Teekay Offshore Partners LP's Days Sales Outstanding for the quarter that ended in Jun. 2022 was 39.21.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Teekay Offshore Partners LP's Net-Net Working Capital per share for the quarter that ended in Jun. 2022 was $-8.32.

Teekay Offshore Partners LP Accounts Receivable Historical Data

The historical data trend for Teekay Offshore Partners LP'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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Teekay Offshore Partners LP Accounts Receivable Chart

Teekay Offshore Partners LP Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Accounts Receivable

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162.69

135.53

204.83

162.85

110.30

Teekay Offshore Partners LP Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22
Accounts Receivable	Get a 7-Day Free Trial															198.08	177.53	110.30	147.05	127.31

Teekay Offshore Partners LP Accounts Receivable Calculation

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

Teekay Offshore Partners LP 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.

Teekay Offshore Partners LP's Days Sales Outstanding for the quarter that ended in Jun. 2022 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	127.305	/	296.234	*	91
=	39.21

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

Teekay Offshore Partners LP's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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)
=	(195.081	+	0.75 * 127.305	+	0.5 * 42.472	-	3714.074
-	0	-	19.741)	/	411.149
=	-8.32

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.

Teekay Offshore Partners LP Accounts Receivable Related Terms

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Teekay Offshore Partners LP (Teekay Offshore Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Teekay Offshore Partners LP (NYSE:TOO) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Altera House, Unit 3, Prospect Park, Arnhall Business Park, Westhill, Aberdeenshire, GBR, AB32 6FJ

Website

https://www.alterainfra.com

Altera Infrastructure LP is a global energy infrastructure services provider focused on the ownership and operation of critical infrastructure assets in offshore oil regions of the North Sea, Brazil, and the East Coast of Canada. The company's assets comprise offshore assets, including floating production, storage, and offloading (FPSO) units, shuttle tankers (including five new builds), floating storage and offtake (FSO) units, long-distance towing and offshore installation vessels, and a unit for maintenance and safety (UMS).

Executives

Luxor Capital Group, Lp	10 percent owner	7 TIMES SQUARE, 43RD FLOOR, NEW YORK NY 10036
Luxor Capital Partners Offshore Ltd	10 percent owner	C/O MAPLES CORPORATE SERVICES LTD., PO BOX 309, UGLAND HOUSE, GEORGE TOWN E9 KY1-1104
Luxor Capital Partners, Lp	10 percent owner	7 TIMES SQUARE, 43RD FLOOR, NEW YORK NY 10036
Lcg Select Llc	10 percent owner	767 FIFTH AVENUE, 19TH FLOOR, NEW YORK NY 10153
Lcg Select Offshore Ltd	10 percent owner	PO BOX 309GT UGLAND HOUSE SOUTH CHURCH S, GEORGE TOWN, GRAND CAYAMAN CAYMAN E9 00000