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NGL Energy Partners LP (NYSE:NGL)
Change In Receivables
$-133 Mil (As of Dec. 2013)

NGL Energy Partners LP's change in receivables for the quarter that ended in Dec. 2013 was $-133 Mil. It means NGL Energy Partners LP's accounts receivables declined by $133 Mil from Sep. 2013 to Dec. 2013 .

NGL Energy Partners LP's change in receivables for the fiscal year that ended in Mar. 2013 was $2 Mil. It means NGL Energy Partners LP's accounts receivables increased by $2 Mil from Mar. 2012 to Mar. 2013 .

NGL Energy Partners LP's accounts receivables for the quarter that ended in Dec. 2013 was $1,106 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 Dec. 2013 was 36.69.

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 Dec. 2013 was $-1,886 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 Dec. 2013 is calculated as:

Days Sales Outstanding
=Account Receivable/Revenue*Days in Period
=1106.208/2743.445*91
=36.69

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 Dec. 2013 is calculated as:

Liquidation Value
=Cash and Cash Equivalents-Total Liabilities+(0.75 * Account Receivable)+(0.5 * Inventory)
=8.901-2946.579+0.75 * 1106.208+0.5 * 443.171
=-1,886

* 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

Mar09Mar10Mar12Mar13
ChangeInReceivables 00000015-11-202

NGL Energy Partners LP Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
ChangeInReceivables -7-5646145-36-1292326-34-133
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