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Blueknight Energy Partners LP (Blueknight Energy Partners LP) Accounts Receivable : $6.33 Mil (As of Jun. 2022)


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What is Blueknight Energy Partners LP Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Blueknight Energy Partners LP's accounts receivables for the quarter that ended in Jun. 2022 was $6.33 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Blueknight Energy Partners LP's Days Sales Outstanding for the quarter that ended in Jun. 2022 was 19.56.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Blueknight Energy Partners LP's Net-Net Working Capital per share for the quarter that ended in Jun. 2022 was $N/A.


Blueknight Energy Partners LP Accounts Receivable Historical Data

The historical data trend for Blueknight Energy Partners LP's Accounts Receivable 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.

Blueknight Energy Partners LP Accounts Receivable Chart

Blueknight Energy Partners LP Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.59 35.68 2.69 3.30 2.99

Blueknight Energy Partners LP Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.71 4.26 2.99 4.94 6.33

Blueknight Energy Partners LP Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.


Blueknight Energy Partners LP Accounts Receivable 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.

Blueknight Energy Partners LP's Days Sales Outstanding for the quarter that ended in Jun. 2022 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=6.325/29.51*91
=19.56

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Blueknight Energy Partners LP's accounts receivable are only considered to be worth 75% of book value:

Blueknight Energy Partners LP's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2022 is calculated as:

Net-Net Working Capital Per Share
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.774+0.75 * 6.325+0.5 * 0-148.88
-0-0)/0
=N/A

* 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.


Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.


Blueknight Energy Partners LP Accounts Receivable Related Terms

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Blueknight Energy Partners LP (Blueknight Energy Partners LP) Business Description

Traded in Other Exchanges
N/A
Address
6060 American Plaza, Suite 600, Tulsa, OK, USA, 74135
Blueknight Energy Partners LP is a limited partnership operating in the US. The company is engaged in providing storage, gathering, and distribution services that support the domestic transportation infrastructure markets.
Executives
Matthew R Lewis officer: Chief Financial Officer 6060 AMERICAN PLAZA, SUITE 600, TULSA OK 74135
D Andrew Woodward officer: Chief Financial Officer C/O ANDX, FINDLAY OH 45840
Michael G Mclanahan officer: Chief Accounting Officer 6060 AMERICAN PLAZA, SUITE 600, TULSA OK 74135
Joel Pastorek director 2829 LAKELAND DRIVE, SUITE 2000, JACKSON MS 39232
Wiley Rebhun Adams director 2829 LAKELAND DRIVE, SUITE 2000, JACKSON MS 39232
Joel Kanvik officer: Cheif Legal Officer 6060 AMERICAN PLAZA, SUITE 600, TULSA OK 74135
Edward Drew Brooks director 2829 LAKELAND DRIVE, SUITE 2000, JACKSON MS 39232
Jimmy Arden Langdon director 2829 LAKELAND DRIVE, FLOWOOD MS 39232
Robert Howard Lampton director 2829 LAKELAND DRIVE, 2000, FLOWOOD MS 39232
William Walter Lampton director 2829 LAKELAND DRIVE, SUITE 2000, JACKSON MS 39232
Donald M Brooks director 6165 W. DETROIT ST., CHANDLER AZ 85284
Michael R Eisenson director C/O CHARLESBANK CAPITAL PARTNERS, 600 ATLANTIC AV 28TH FL, BOSTON MA 02210
Charlesbank Capital Partners Llc 10 percent owner, other: Director by Deputization 600 ATLANTIC AVENUE, BOSTON MA 02210
Cb-blueknight, Llc 10 percent owner, other: Director by Deputization 200 CLARENDON STREET, FLOOR 54, BOSTON MA 02116
Jon Biotti director C/O CHARLESBANK CAPITAL PARTNERS LLC, 200 CLARENDON STREET, 54TH FLOOR, BOSTON MA 02109