TC Pipelines LP (TC Pipelines LP) Days Sales Outstanding : 30.71 (As of Dec. 2020)

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What is TC Pipelines LP Days Sales Outstanding?

TC Pipelines LP's average Accounts Receivable for the three months ended in Dec. 2020 was $35.0 Mil. TC Pipelines LP's Revenue for the three months ended in Dec. 2020 was $104.0 Mil. Hence, TC Pipelines LP's Days Sales Outstanding for the three months ended in Dec. 2020 was 30.71.

The historical rank and industry rank for TC Pipelines LP's Days Sales Outstanding or its related term are showing as below:

TCP' s Days Sales Outstanding Range Over the Past 10 Years
Min: 8.04 Med: 33.19 Max: 40.05
Current: 31.91

During the past 13 years, TC Pipelines LP's highest Days Sales Outstanding was 40.05. The lowest was 8.04. And the median was 33.19.

TCP's Days Sales Outstanding is not ranked
in the Oil & Gas industry.
Industry Median: 48.81 vs TCP: 31.91

TC Pipelines LP's Days Sales Outstanding increased from Dec. 2019 (29.39) to Dec. 2020 (30.71).

TC Pipelines LP Days Sales Outstanding Historical Data

The historical data trend for TC Pipelines LP's Days Sales Outstanding 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.

* Premium members only.

TC Pipelines LP Days Sales Outstanding Chart

TC Pipelines LP Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Days Sales Outstanding

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33.84

37.62

28.92

37.59

33.85

TC Pipelines LP Quarterly Data
	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20
Days Sales Outstanding	Get a 7-Day Free Trial															29.39	32.07	31.70	29.96	30.71

Competitive Comparison of TC Pipelines LP's Days Sales Outstanding

For the Oil & Gas Midstream subindustry, TC Pipelines LP's Days Sales Outstanding, along with its competitors' market caps and Days Sales Outstanding data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

TC Pipelines LP's Days Sales Outstanding Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, TC Pipelines LP's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where TC Pipelines LP's Days Sales Outstanding falls into.

TC Pipelines LP Days Sales Outstanding Calculation

Days Sales Outstanding measures 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.

Accounts Receivable can be measured by Days Sales Outstanding.

TC Pipelines LP's Days Sales Outstanding for the fiscal year that ended in Dec. 2020 is calculated as

	Days Sales Outstanding (A: Dec. 2020 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2019 )	+	Accounts Receivable (A: Dec. 2020 ))	/	count )	/	Revenue (A: Dec. 2020 )	*	Days in Period
=	( (37	+	37)	/	2 )	/	399	*	365
=	37					/	399	*	365
=	33.85

TC Pipelines LP's Days Sales Outstanding for the quarter that ended in Dec. 2020 is calculated as:

	Days Sales Outstanding (Q: Dec. 2020 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Sep. 2020 )	+	Accounts Receivable (A: Dec. 2020 ))	/	count )	/	Revenue (A: Dec. 2020 )	*	Days in Period
=	( (33	+	37)	/	2 )	/	104	*	365 / 4
=	35					/	104	*	365 / 4
=	30.71

TC Pipelines LP (NYSE:TCP) Days Sales Outstanding Explanation

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

TC Pipelines LP Days Sales Outstanding Related Terms

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TC Pipelines LP (TC Pipelines LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TC Pipelines LP (NYSE:TCP) » Definitions » Days Sales Outstanding

Comparable Companies

PSXP BWP AM DCP PAGP ETRN NS ENBL HEP VNOM TSX:ENB EPD TSX:TRP KMI WMB ET MPLX CQP OKE TSX:PPL

Traded in Other Exchanges

N/A

Address

700 Louisiana Street, Suite 700, Houston, TX, USA, 77002-2761

Website

http://www.tcpipelineslp.com

TC Pipelines LP acquires, owns and participates in the management of energy infrastructure businesses in North America. The company's pipeline systems transport natural gas in the United States. It owns interests in several natural gas pipeline systems through three intermediate limited partnerships (ILPs). The company earns revenue by charging rates for transporting natural gas.

Executives

Malyn K Malquist	director	10653 S. RIVER FRONT PARKWAY, SUITE 300, SOUTH JORDAN UT 84095
Peggy A Heeg	director	1001 LOUISIANA STREET STE 5100 HOUSTON TX 77002
Jack Stark	director	700 LOUISIANA STREET, HOUSTON TX 77002-2700
Walentin Mirosh	director	PO BOX 2518, STATION M, CALGARY A0 T2P 5C6
Burton Cole	officer: Controller	500 DALLAS STREET, SUITE 2000, HOUSTON TX 77002
Alisa M Williams	officer: Vice-President, Taxation	700 LOUISIANA STE 700 HOUSTON TX 77002
Chapman Stanley G Iii	director	5151 SAN FELIPE STREET SUITE 2500 HOUSTON TX 77056
Nadine E Berge	director	450 1ST STREET SW CALGARY A0 T2P5H1
Sean M Brett	director	450 - 1 STREET S.W. CALGARY A0 T2P 5H1
Nancy F Priemer	officer: Vice-President, Taxation	700 LOUISIANA STREET SUITE 700 HOUSTON TX 77002
Brandon M Anderson	director, officer: President	700 LOUISIANA STREET SUITE 700 HOUSTON TX 77002
Janine Michele Watson	officer: VP and General Manager	450 - 1 STREET S.W. CALGARY A0 T2P 5H1
Sandra P. Ryan-robinson	officer: Principal Fin Off & Controller	450 - 1 STREET SW CALGARY A0 T2P 5H1
Nathaniel Alan Brown	officer: Principal Fin Off & Controller	717 TEXAS STREET HOUSTON TX 77252-2446
Kristine L Delkus	director	450-1ST STREET SW CALGARY ALBERTA CANADA A0 T2P 5H1