Boardwalk Pipeline Partners LP (Boardwalk Pipeline Partners LP) Accounts Receivable : $205 Mil (As of Dec. 2023)

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What is Boardwalk Pipeline Partners LP Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Boardwalk Pipeline Partners LP's accounts receivables for the quarter that ended in Dec. 2023 was $205 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Boardwalk Pipeline Partners LP's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 36.68.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Boardwalk Pipeline Partners LP's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-14.90.

Boardwalk Pipeline Partners LP Accounts Receivable Historical Data

The historical data trend for Boardwalk Pipeline 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.

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Boardwalk Pipeline Partners LP Accounts Receivable Chart

Boardwalk Pipeline Partners LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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117.20

115.10

126.20

148.40

204.60

Boardwalk Pipeline Partners LP Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															148.40	134.20	122.10	169.20	204.60

Boardwalk Pipeline Partners LP Accounts Receivable Calculation

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

Boardwalk Pipeline 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.

Boardwalk Pipeline Partners LP's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	204.6	/	509	*	91
=	36.68

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

Boardwalk Pipeline Partners LP's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 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)
=	(20.1	+	0.75 * 204.6	+	0.5 * 3.3	-	3905.3
-	0	-	0)	/	250.297
=	-14.90

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.

Boardwalk Pipeline Partners LP Accounts Receivable Related Terms

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Boardwalk Pipeline Partners LP (Boardwalk Pipeline Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Boardwalk Pipeline Partners LP (NYSE:BWP) » Definitions » Accounts Receivable

Comparable Companies

PSXP TCP EQM AM WES DCP PAGP TRGP ETRN NS TSX:ENB EPD TSX:TRP KMI WMB ET MPLX CQP OKE TSX:PPL

Traded in Other Exchanges

N/A

Address

9 Greenway Plaza, Suite 2800, Houston, TX, USA, 77046

Website

https://www.bwpipelines.com

Boardwalk Pipeline Partners LP was formed to acquire and develop natural gas pipelines and storage facilities. The Company operates in only one reportable segment which is the operation of interstate natural gas and NGLs pipeline systems and integrated storage facilities. It serves producers of natural gas, local distribution companies (LDCs), marketers, electric power generators, industrial users and interstate, and intrastate pipelines.

Executives

Stanley C Horton	director, officer: President	1400 SMITH STREET, HOUSTON TX 77002
John L Haynes	officer: SVP, CCO & Pres, BWFS	9 GREENWAY PLAZA, SUITE 2800 HOUSTON TX 77046
Kenneth I Siegel	director	667 MADISON AVENUE, NEW YORK NY 10065
Peter W Keegan	director	667 MADISON AVE, NEW YORK NY 10065-8087
Thomas E Hyland	director	1 GOVERNORS WAY KENNEBUNK ME 04043
Boardwalk Pipelines Holding Corp.	director, 10 percent owner	3800 FREDERICA STREET OWENSBORO KY 42301
Andrew H Tisch	director	667 MADISON AVE, NEW YORK NY 10021-8087
Arthur L Rebell	director	667 MADISON AVE, NEW YORK NY 10065-8087
Michael E Mcmahon	officer: Sr. Vice Pres & Gen. Counsel	20 EAST GREENWAY PLAZA SUITE 900 HOUSTON TX 77046
Brian Cody	officer: Senior Vice President	20 EAST GREENWAY PLAZA SUITE 900 HOUSTON TX 77046
Earley John Charles Jr	officer: Senior Vice President	20 EAST GREENWAY PLAZA SUITE 900 HOUSTON TX 77046
William R Cordes	director	17237 HOWARD PLAZA, OMAHA NE 68118
Steven A Barkauskas	officer: VP & Corporate Controller	3800 FREDERICA STREET OWENSBORO KY 42301
Mark L Shapiro	director	141 STONE FENCE ROAD, BERNARDSVILLE NJ 07924
Rolf A Gafvert	director, officer: Co-President	20 EAST GREENWAY PLAZA, SUITE 900, HOUSTON TX 77046