New Source Energy Partners LP (New Source Energy Partners LP) Cash Conversion Cycle : -118.20 (As of Sep. 2015)

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What is New Source Energy Partners LP Cash Conversion Cycle?

Cash Conversion Cycle is one of several measures of management effectiveness. It equals Days Sales Outstanding + Days Inventory - Days Payable.

New Source Energy Partners LP's Days Sales Outstanding for the three months ended in Sep. 2015 was 59.98.
New Source Energy Partners LP's Days Inventory for the three months ended in Sep. 2015 was 18.01.
New Source Energy Partners LP's Days Payable for the three months ended in Sep. 2015 was 196.19.
Therefore, New Source Energy Partners LP's Cash Conversion Cycle (CCC) for the three months ended in Sep. 2015 was -118.20.

New Source Energy Partners LP Cash Conversion Cycle Historical Data

The historical data trend for New Source Energy Partners LP's Cash Conversion Cycle 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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New Source Energy Partners LP Cash Conversion Cycle Chart

New Source Energy Partners LP Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Cash Conversion Cycle

55.24

37.97

46.12

0.29

-0.48

New Source Energy Partners LP Quarterly Data
	Dec10	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15
Cash Conversion Cycle	Get a 7-Day Free Trial													24.44	20.45	-19.49	-110.69	-118.20

Competitive Comparison of New Source Energy Partners LP's Cash Conversion Cycle

For the Oil & Gas E&P subindustry, New Source Energy Partners LP's Cash Conversion Cycle, along with its competitors' market caps and Cash Conversion Cycle 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.

New Source Energy Partners LP's Cash Conversion Cycle Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, New Source Energy Partners LP's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where New Source Energy Partners LP's Cash Conversion Cycle falls into.

New Source Energy Partners LP Cash Conversion Cycle Calculation

Cash Conversion Cycle (CCC) measures how fast a company can convert cash on hand into even more cash on hand. This metric looks at the amount of time needed to sell inventory, the amount of time needed to collect receivables and the length of time the company is afforded to pay its bills without incurring penalties.

Cash Conversion Cycle is one of several measures of management effectiveness.

New Source Energy Partners LP's Cash Conversion Cycle for the fiscal year that ended in Dec. 2014 is calculated as

Cash Conversion Cycle	=	Days Sales Outstanding	+	Days Inventory	-	Days Payable
	=	56.62	+	9.75	-	66.85
	=	-0.48

New Source Energy Partners LP's Cash Conversion Cycle for the quarter that ended in Sep. 2015 is calculated as:

Cash Conversion Cycle	=	Days Sales Outstanding	+	Days Inventory	-	Days Payable
	=	59.98	+	18.01	-	196.19
	=	-118.20

New Source Energy Partners LP (OTCPK:NSLPQ) Cash Conversion Cycle Explanation

Generally, the lower this number is, the better for the company. Although it should be combined with other metrics (such as ROE % and ROA %), it can be especially useful for comparing close competitors, because the company with the lowest CCC is often the one with better management.

Be Aware

CCC is most effective with retail-type companies, which have inventories that are sold to customers. Consulting businesses, software companies and insurance companies are all examples of companies for whom this metric is meaningless.

The CCC is one of several tools that can help you evaluate management, especially if it is calculated for several consecutive time periods and for several competitors. Decreasing or steady CCCs are good, while rising ones should motivate you to dig a bit deeper.

New Source Energy Partners LP Cash Conversion Cycle Related Terms

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New Source Energy Partners LP (New Source Energy Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » New Source Energy Partners LP (OTCPK:NSLPQ) » Definitions » Cash Conversion Cycle

Comparable Companies

Traded in Other Exchanges

N/A

Address

914 North Broadway, Suite 230, Oklahoma City, OK, USA, 73102

Website

http://www.newsource.com

New Source Energy Partners LP is engaged in the development and production of onshore oil and natural gas properties which are extended across the conventional resource reservoirs in east-central Oklahoma. In addition, it is also involved in the oilfield services which provides essential well site services during the drilling and completion stages of a well, including full-service blowout prevention installation, pressure testing services, including certain ancillary equipment necessary to perform such services, well testing and flowback services to companies in the oil and natural gas industry primarily in Oklahoma, Texas, New Mexico, Kansas, Pennsylvania, Ohio and West Virginia.

Executives

Paula Maxwell	officer: Vice President Accounting	914 N. BROADWAY OKLAHOMA CITY OK 73102
Kristian B Kos	director, officer: Chairman and CEO	P.O. BOX 1097 OKLAHOMA CITY OK 73101
David James Chernicky	10 percent owner	1307 S BOULDER AVE FL400 TULSA OK 74119
Amber Bonney	officer: VP and PAO	914 N. BROADWAY, SUITE 230, OKLAHOMA CITY OK 73102
Tom R Russell	officer: VP, Senior Counsel and Sec	914 N. BROADWAY, SUITE 230 OKLAHOMA CITY OK 73102
J Carter Robinson	officer: VP Administration	914 N. BROADWAY, SUITE 230 OKLAHOMA CITY OK 73102
Carol T Bryant	officer: Senior Engineer	914 NORTH BROADWAY SUITE 230 OKLAHOMA CITY OK 73102
Dikran Tourian	director, officer: President and COO	914 NORTH BROADWAY, SUITE 230 OKLAHOMA CITY OK 73102
Reynolds Charles Lee Iii	director	914 NORTH BROADWAY SUITE 230 OKLAHOMA CITY OK 73102
Scintilla, Llc	10 percent owner	1435 SOUTH BOULDER, SUITE 110 TULSA OK 74119
John A Raber	director	1200 SMITH STREET SUITE 2300 HOUSTON TX 77002
New Source Energy Corp	10 percent owner, other: Director by Deputization	914 NORTH BROADWAY SUITE 230 OKLAHOMA CITY OK 73102
V Bruce Thompson	director	1600 BROADWAY STE 2200, C/O FOREST OIL CORP, DENVER CO 80202
Richard Finley	officer: CFO and Treasurer	1421 E 45TH ST SHAWNEE OK 74804
Phil B Albert	director	1307 S BOULDER AVE FL400 TULSA OK 74119

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