Holly Energy Partners LP (Holly Energy Partners LP) Change In Receivables : $-11.9 Mil (TTM As of Sep. 2023)

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What is Holly Energy Partners LP Change In Receivables?

Holly Energy Partners LP's change in receivables for the quarter that ended in Sep. 2023 was $-16.3 Mil. It means Holly Energy Partners LP's Accounts Receivable increased by $16.3 Mil from Jun. 2023 to Sep. 2023 .

Holly Energy Partners LP's change in receivables for the fiscal year that ended in Dec. 2022 was $-7.9 Mil. It means Holly Energy Partners LP's Accounts Receivable increased by $7.9 Mil from Dec. 2021 to Dec. 2022 .

Holly Energy Partners LP's Accounts Receivable for the quarter that ended in Sep. 2023 was $100.6 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 Receivable are being managed. Holly Energy Partners LP's Days Sales Outstanding for the three months ended in Sep. 2023 was 57.97.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Holly Energy Partners LP's liquidation value for the three months ended in Sep. 2023 was $-1,656.4 Mil.

Holly Energy Partners LP Change In Receivables Historical Data

The historical data trend for Holly Energy Partners LP's Change In Receivables 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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Holly Energy Partners LP Change In Receivables Chart

Holly Energy Partners LP Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Change In Receivables

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5.19

-9.33

5.93

-6.38

-7.90

Holly Energy Partners LP Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Change In Receivables	Get a 7-Day Free Trial															-15.07	8.92	-6.93	2.39	-16.25

Holly Energy Partners LP Change In Receivables Calculation

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.

Change In Receivables for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-11.9 Mil.

Holly Energy Partners LP (NYSE:HEP) Change In Receivables 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 Receivable are being managed.

Holly Energy Partners LP's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	100.597	/	158.36	*	91
=	57.97

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

Holly Energy Partners LP's liquidation value for the quarter that ended in Sep. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	11.223	-	1743.085	+	0.75 * 100.597	+	0.5 * 0
=	-1,656.4

Holly Energy Partners LP Change In Receivables Related Terms

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Holly Energy Partners LP (Holly Energy Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Holly Energy Partners LP (NYSE:HEP) » Definitions » Change In Receivables

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Traded in Other Exchanges

N/A

Address

2828 N. Harwood, Suite 1300, Dallas, TX, USA, 75201-1507

Website

http://www.hollyenergy.com

Holly Energy Partners LP operates a network of refined products and crude oil pipelines, with attendant terminal assets, in several western and southwestern states. The company has two reportable segments namely Pipelines and Terminals and Refinery Processing Unit. It generates maximum revenue from the Pipelines and Terminals segment.

Executives

Robert I Jamieson	officer: SVP and COO	2828 N. HARWOOD ST., SUITE 1300, DALLAS TX 75201
Mark A Petersen	director	550 EAST SOUTH TEMPLE, SALT LAKE CITY UT 84102
Hf Sinclair Corp	10 percent owner, other: See remarks	2828 N. HARWOOD, SUITE 1300, DALLAS TX 75201
Sinclair Companies	10 percent owner	550 EAST SOUTH TEMPLE, SALT LAKE CITY UT 84102
Carol Holding	10 percent owner	550 EAST SOUTH TEMPLE, SALT LAKE CITY UT 84102
James H Lee	director	10000 MEMORIAL DRIVE STE 600, HOUSTON TX 77024-3411
Larry R Baldwin	director	2828 N. HARWOOD STREET, SUITE 1300, DALLAS TX 75201
Michael Jennings	director	10000 MEMORIAL DRIVE, SUITE 600, HOUSTON TX 77024
Kenneth Norwood	officer: VP and Controller	2828 N. HARWOOD, SUITE 1300, DALLAS TX 75201
Harrison John Wayne Jr	officer: SVP, CFO and Treasurer	2828 N. HARWOOD ST., SUITE 1300, DALLAS TX 75201
Vaishali S. Bhatia	officer: SVP, General Counsel & Sec	2828 N. HARWOOD ST., SUITE 1300, DALLAS TX 75201
Eric L Mattson	director	C/O REX ENERGY CORP, 366 WALKER DRIVE, STATE COLLEGE PA 16801
Christine B Lafollette	director	2828 N. HARWOOD, SUITE 1300, DALLAS X1 75201
Richard Kevin Hardage	director	2626 COLE AVE SUITE 705, DALLAS TX 75209
Holly Refining & Marketing Co - Woods Cross Llc	other: See Footnotes	2828 N. HARWOOD, SUITE 1300, DALLAS TX 75201