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The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Westlake Chemical Partners LP's Revenue for the three months ended in Jun. 2024 was $284 Mil. Westlake Chemical Partners LP's average Accounts Receivable for the three months ended in Jun. 2024 was $24 Mil. Hence, Westlake Chemical Partners LP's Receivables Turnover for the three months ended in Jun. 2024 was 11.87.
The historical data trend for Westlake Chemical Partners LP's Receivables Turnover 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.
Westlake Chemical Partners LP Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Receivables Turnover | Get a 7-Day Free Trial | 85.11 | 95.32 | 144.16 | 130.81 | 70.30 |
Westlake Chemical Partners LP Quarterly Data | ||||||||||||||||||||
Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | |
Receivables Turnover | Get a 7-Day Free Trial | 4.10 | 4.84 | 6.74 | 14.52 | 11.87 |
For the Chemicals subindustry, Westlake Chemical Partners LP's Receivables Turnover, along with its competitors' market caps and Receivables Turnover 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.
For the Chemicals industry and Basic Materials sector, Westlake Chemical Partners LP's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Westlake Chemical Partners LP's Receivables Turnover falls into.
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Westlake Chemical Partners LP's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as
Receivables Turnover (A: Dec. 2023 ) | |||||||
= | Revenue | / | Average Total Inventories | ||||
= | Revenue (A: Dec. 2023 ) | / ( | (Accounts Receivable (A: Dec. 2022 ) | + | Accounts Receivable (A: Dec. 2023 )) | / | count ) |
= | 1190.791 | / ( | (18.533 | + | 15.344) | / | 2 ) |
= | 1190.791 | / | 16.9385 | ||||
= | 70.30 |
Westlake Chemical Partners LP's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as
Receivables Turnover (Q: Jun. 2024 ) | |||||||
= | Revenue | / | Average Total Inventories | ||||
= | Revenue (Q: Jun. 2024 ) | / ( | (Accounts Receivable (Q: Mar. 2024 ) | + | Accounts Receivable (Q: Jun. 2024 )) | / | count ) |
= | 284.168 | / ( | (23.871 | + | 23.993) | / | 2 ) |
= | 284.168 | / | 23.932 | ||||
= | 11.87 |
* 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.
Westlake Chemical Partners LP (NYSE:WLKP) Receivables Turnover Explanation
An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.
Thank you for viewing the detailed overview of Westlake Chemical Partners LP's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Andrew Kenner | officer: SVP, Olefin Material & Corp Pr | 2801 POST OAK BLVD, SUITE 600, HOUSTON TX 77056 |
Randy Woelfel | director | 3411-3433 W. EL SEGUNDO BLVD., HAWTHORNE CA 90250 |
G Stephen Finley | director | 9320 LAKESIDE BOULEVARD, SUITE 100, THE WOODLANDS TX 77381 |
Lisa A. Friel | director | 2611 PLUM HOLLOW, SAN ANTONIO TX 78258 |
James Chao | director, 10 percent owner | 2801 POST OAK BLVD, SUITE 600, HOUSTON TX 77056 |
Thomas J. Janssens | officer: VP, Olefins Feedstock & Energy | 2801 POST OAK BLVD., SUITE 600, HOUSTON TX 77056 |
Johnathan Stevan Zoeller | officer: VP and CAO | 2801 POST OAK BLVD., SUITE 600, HOUSTON TX 77056 |
Albert Chao | director, 10 percent owner, officer: President & CEO | 2801 POST OAK BLVD, SUITE 600, HOUSTON TX 77056 |
L. Benjamin Ederington | director, officer: VP, General Counsel | 2801 POST OAK BLVD, SUITE 600, HOUSTON TX 77056 |
Mark Steven Bender | director, officer: Sr VP, CFO | 2801 POST OAK BLVD, SUITE 600, HOUSTON TX 77056 |
Lawrence E. Teel | officer: SVP, Olefins | 2801 POST OAK BLVD, SUITE 600, HOUSTON TX 77056 |
Ttwfgp Llc | 10 percent owner | 2801 POST OAK BLVD, SUITE 600, HOUSTON TX 77056 |
David Lumpkins | director | 600 TRAVIS STREET, SUITE 3250, HOUSTON TX 77002 |
Angela A Minas | director | 3262 WESTHEIMER ROAD #627, HOUSTON TX 77098 |
Blackstone Securities Partners L.p. | 10 percent owner | 345 PARK AVENUE, NEW YORK NY 10154-0191 |
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