Terra Nitrogen Co LP (Terra Nitrogen Co LP) Accounts Receivable : $0.9 Mil (As of Dec. 2017)

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What is Terra Nitrogen Co LP Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Terra Nitrogen Co LP's accounts receivables for the quarter that ended in Dec. 2017 was $0.9 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Terra Nitrogen Co LP's Days Sales Outstanding for the quarter that ended in Dec. 2017 was 0.84.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Terra Nitrogen Co LP's Net-Net Working Capital per share for the quarter that ended in Dec. 2017 was $2.62.

Terra Nitrogen Co LP Accounts Receivable Historical Data

The historical data trend for Terra Nitrogen Co 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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Terra Nitrogen Co LP Accounts Receivable Chart

Terra Nitrogen Co LP Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Accounts Receivable

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1.00

0.40

0.80

0.60

0.90

Terra Nitrogen Co LP Quarterly Data
	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17
Accounts Receivable	Get a 7-Day Free Trial															0.60	0.40	0.40	0.40	0.90

Terra Nitrogen Co LP Accounts Receivable Calculation

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

Terra Nitrogen Co 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.

Terra Nitrogen Co LP's Days Sales Outstanding for the quarter that ended in Dec. 2017 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.9	/	97.5	*	91
=	0.84

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

Terra Nitrogen Co LP's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2017 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)
=	(81.5	+	0.75 * 0.9	+	0.5 * 5.3	-	35.8
-	0	-	0)	/	18.6856
=	2.62

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.

Terra Nitrogen Co LP Accounts Receivable Related Terms

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Terra Nitrogen Co LP (Terra Nitrogen Co LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Terra Nitrogen Co LP (NYSE:TNH) » Definitions » Accounts Receivable

Traded in Other Exchanges

N/A

Address

Website

http://www.cfindustries.com

Terra Nitrogen Co LP is a limited partnership company producing nitrogen fertilizer products. Its principal products anhydrous ammonia and urea ammonium nitrate solutions are manufactured at its facility in Verdigris, Oklahoma. The company's operations are conducted through a partnership with Terra Nitrogen, Limited Partnership, and Terra Nitrogen GP Inc.

Executives

Michael A Jackson	director
Anne H Lloyd	director
Susan L Menzel	officer: Sr. VP, Human Resources	C/O CF INDUSTRIES HOLDINGS, INC., FOUR PARKWAY NORTH, DEERFIELD IL 60015
Christopher D Bohn	officer: VP, Supply Chain	C/O CF INDUSTRIES HOLDINGS, INC., 4 PARKWAY NORTH, SUITE 400, DEERFIELD IL 60015
Adam L Hall	officer: VP, Corporate Development	C/O CF INDUSTRIES HOLDINGS, INC., 4 PARKWAY NORTH, SUITE 400, DEERFIELD IL 60015
Dennis P. Kelleher	director, officer: Sr Vice President and CFO	C/O CF INDUSTRIES HOLDINGS, INC, 4 PARKWAY NORTH, SUITE 400, DEERFIELD IL 60015
Theodore D Sands	director	CITYPLACE ONE SUITE 300, ARCH MINERAL CORP, CREVE COEUR MO 63141
Jablow Spertus Wendy S	officer: VP, Human Resources	C/O CF INDUSTRIES HOLDINGS, INC., 4 PARKWAY NORTH, SUITE 400, DEERFIELD IL 60015
Anthony J Nocchiero	director, officer: Senior Vice President and CFO	C/O CF INDUSTRIES HOLDINGS, INC., 4 PARKWAY NORTH, SUITE 400, DEERFIELD IL 60015
Lynn F White	officer: VP, Corporate Development	C/O CF INDUSTRIES HOLDINGS, INC., 4 PARKWAY NORTH, SUITE 400, DEERFIELD IL 60015
Philipp P Koch	officer: VP, Supply Chain	C/O CF INDUSTRIES, INC., ONE SALEM LAKE DRIVE, LONG GROVE IL 60047
Stephen R Wilson	director, officer: Chairman, President, and CEO	C/O CF INDUSTRIES, INC., ONE SALEM LAKE DRIVE, LONG GROVE IL 60047
Douglas C Barnard	officer: VP, GC, and Corp. Secretary	C/O CF INDUSTRIES, INC., ONE SALEM LAKE DRIVE, LONG GROVE IL 60047
W Anthony Will	officer: VP, Manufacturing and Dist.	C/O CF INDUSTRIES HOLDINGS, INC., 4 PARKWAY NORTH, SUITE 400, DEERFIELD IL 60015
Richard A Hoker	officer: VP and Corporate Controller	C/O CF INDUSTRIES HOLDINGS, INC., 4 PARKWAY NORTH, SUITE 400, DEERFIELD IL 60015