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GuruFocus has detected 6 Warning Signs with NGL Energy Partners LP $NGL.
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NGL Energy Partners LP (NYSE:NGL)
Days Sales Outstanding
20.50 (As of Dec. 2016)

NGL Energy Partners LP's account receivable for the three months ended in Dec. 2016 was $765 Mil. NGL Energy Partners LP's revenue for the three months ended in Dec. 2016 was $3,407 Mil. Hence, NGL Energy Partners LP's days sales outstanding for the three months ended in Dec. 2016 was 20.50.

NGL' s Days Sales Outstanding Range Over the Past 10 Years
Min: 13.26   Max: 48.39
Current: 24.29

13.26
48.39

During the past 8 years, NGL Energy Partners LP's highest Days Sales Outstanding was 48.39. The lowest was 13.26. And the median was 22.28.

NGL's Days Sales Outstanding is ranked lower than
53% of the 122 Companies
in the Global Oil & Gas Refining & Marketing industry.

( Industry Median: 21.72 vs. NGL: 24.29 )

NGL Energy Partners LP's days sales outstanding increased from Dec. 2015 (19.77) to Dec. 2016 (20.50).


Definition

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.

Account receivable can be measured by Days Sales Outstanding.

NGL Energy Partners LP's Days Sales Outstanding for the fiscal year that ended in Mar. 2016 is calculated as

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=521.014/11742.11*365
=16.20

NGL Energy Partners LP's Days Sales Outstanding for the quarter that ended in Dec. 2016 is calculated as:

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=765.29/3406.641*365 / 4
=20.50

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.


Related Terms

Account Receivable, Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

NGL Energy Partners LP Annual Data

Mar09Mar10Mar11Mar12Mar13Mar14Mar15Mar16
DaysSalesOutstanding 0.000.0013.2616.760.0023.4048.3933.0422.2816.20

NGL Energy Partners LP Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
DaysSalesOutstanding 24.3033.3629.0623.3420.3519.7720.4420.3817.7420.50
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