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NGL Energy Partners LP (NYSE:NGL)
Change In Receivables
$-396 Mil (As of Sep. 2014)

NGL Energy Partners LP's change in receivables for the quarter that ended in Sep. 2014 was $-396 Mil. It means NGL Energy Partners LP's accounts receivables declined by $396 Mil from Jun. 2014 to Sep. 2014 .

NGL Energy Partners LP's change in receivables for the fiscal year that ended in Mar. 2014 was $39 Mil. It means NGL Energy Partners LP's accounts receivables increased by $39 Mil from Mar. 2013 to Mar. 2014 .

NGL Energy Partners LP's accounts receivables for the quarter that ended in Sep. 2014 was $1,433 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. NGL Energy Partners LP's days sales outstanding for the three months ended in Sep. 2014 was 24.30.

In Ben Graham’s calculation of liquidation value, Apple Inc's accounts receivables are only considered to be worth 75% of book value. NGL Energy Partners LP's liquidation value for the three months ended in Sep. 2014 was $-3,248 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.

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

Days Sales Outstanding
=Account Receivable/Revenue*Days in Period
=1433.117/5380.526*365 / 4
=24.30

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

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

Liquidation Value
=Cash and Cash Equivalents-Total Liabilities+(0.75 * Account Receivable)+(0.5 * Inventory)
=11.823-4805.619+0.75 * 1433.117+0.5 * 941.589
=-3,248

* 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.

NGL Energy Partners LP Annual Data

Mar09Mar10Mar12Mar13Mar14
ChangeInReceivables 0000015-11-20-1039

NGL Energy Partners LP Quarterly Data

Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14
ChangeInReceivables 145-36-1291026-34-1331803-396
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