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NGL Energy Partners LP  (NYSE:NGL) Change In Receivables: $-253 Mil (TTM As of Sep. 2017)

NGL Energy Partners LP's change in receivables for the quarter that ended in Sep. 2017 was $-189 Mil. It means NGL Energy Partners LP's Accounts Receivable declined by $189 Mil from Jun. 2017 to Sep. 2017 .

NGL Energy Partners LP's change in receivables for the fiscal year that ended in Mar. 2017 was $-269 Mil. It means NGL Energy Partners LP's Accounts Receivable declined by $269 Mil from Mar. 2016 to Mar. 2017 .

NGL Energy Partners LP's Accounts Receivable for the quarter that ended in Sep. 2017 was $842 Mil.

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 Receivable are being managed. NGL Energy Partners LP's Days Sales Outstanding for the three months ended in Sep. 2017 was 19.58.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. NGL Energy Partners LP's liquidation value for the three months ended in Sep. 2017 was $-3,306 Mil.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

NGL Energy Partners LP Annual Data

Mar09 Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17
Change In Receivables Premium Member Only Premium Member Only Premium Member Only Premium Member Only -10.32 39.12 41.40 505.54 -269.43

NGL Energy Partners LP Quarterly Data

Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17
Change In Receivables 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 Premium Member Only Premium Member Only Premium Member Only 21.33 -191.00 -24.36 150.75 -188.65

Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Sep. 2017 was -190.996 (Dec. 2016 ) + -24.36 (Mar. 2017 ) + 150.748 (Jun. 2017 ) + -188.651 (Sep. 2017 ) = $-253 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


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 Receivable are being managed.

NGL Energy Partners LP's Days Sales Outstanding for the quarter that ended in Sep. 2017 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=841.645/3923.329*91
=19.58

2. In Ben Graham's calculation of liquidation value, NGL Energy Partners LP's accounts receivable are only considered to be worth 75% of book value:

NGL Energy Partners LP's liquidation value for the quarter that ended in Sep. 2017 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=18.407-4240.546+0.75 * 841.645+0.5 * 570.733
=-3,306

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


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