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Energy Transfer Partners LP (NYSE:ETP)
Change In Receivables
$-818 Mil (As of Mar. 2014)

Energy Transfer Partners LP's change in receivables for the quarter that ended in Mar. 2014 was $-818 Mil. It means Energy Transfer Partners LP's accounts receivables declined by $818 Mil from Dec. 2013 to Mar. 2014 .

Energy Transfer Partners LP's change in receivables for the fiscal year that ended in Dec. 2013 was $-499 Mil. It means Energy Transfer Partners LP's accounts receivables declined by $499 Mil from Dec. 2012 to Dec. 2013 .

Energy Transfer Partners LP's accounts receivables for the quarter that ended in Mar. 2014 was $4,237 Mil.

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. Energy Transfer Partners LP's days sales outstanding for the three months ended in Mar. 2014 was 31.52.

In Ben Graham’s calculation of liquidation value, Apple Inc's accounts receivables are only considered to be worth 75% of book value. Energy Transfer Partners LP's liquidation value for the three months ended in Mar. 2014 was $-28,284 Mil.


Definition

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.


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.

Energy Transfer Partners LP's Days Sales Outstanding for the quarter that ended in Mar. 2014 is calculated as:

Days Sales Outstanding
=Account Receivable/Revenue*Days in Period
=4237/12232*91
=31.52

2. In Ben Graham’s calculation of liquidation value, Energy Transfer Partners LP's accounts receivable are only considered to be worth 75% of book value:

Energy Transfer Partners LP's liquidation value for the quarter that ended in Mar. 2014 is calculated as:

Liquidation Value
=Cash and Cash Equivalents-Total Liabilities+(0.75 * Account Receivable)+(0.5 * Inventory)
=979-33151+0.75 * 4237+0.5 * 1420
=-28,284

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Related Terms

Days Sales Outstanding, Account Receivable, Revenue, NCAV, Cash and Cash Equivalents, Total Liabilities, Inventory


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Energy Transfer Partners LP Annual Data

Aug04Aug05Aug06Aug07Dec08Dec09Dec10Dec11Dec12Dec13
ChangeInReceivables -109-266206452202168-22261-499

Energy Transfer Partners LP Quarterly Data

Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14
ChangeInReceivables -34-106124-107350-696422-168-57-818
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