Shell Midstream Partners LP (Shell Midstream Partners LP) Change In Receivables : $-1.0 Mil (TTM As of Jun. 2022)

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What is Shell Midstream Partners LP Change In Receivables?

Shell Midstream Partners LP's change in receivables for the quarter that ended in Jun. 2022 was $9.0 Mil. It means Shell Midstream Partners LP's Accounts Receivable declined by $9.0 Mil from Mar. 2022 to Jun. 2022 .

Shell Midstream Partners LP's change in receivables for the fiscal year that ended in Dec. 2021 was $-15.0 Mil. It means Shell Midstream Partners LP's Accounts Receivable increased by $15.0 Mil from Dec. 2020 to Dec. 2021 .

Shell Midstream Partners LP's Accounts Receivable for the quarter that ended in Jun. 2022 was $51.0 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. Shell Midstream Partners LP's Days Sales Outstanding for the three months ended in Jun. 2022 was 31.23.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Shell Midstream Partners LP's liquidation value for the three months ended in Jun. 2022 was $-2,293.8 Mil.

Shell Midstream Partners LP Change In Receivables Historical Data

The historical data trend for Shell Midstream Partners LP's Change In Receivables 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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Shell Midstream Partners LP Change In Receivables Chart

Shell Midstream Partners LP Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Change In Receivables

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-7.00

7.00

-15.00

Shell Midstream Partners LP Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22
Change In Receivables	Get a 7-Day Free Trial															-1.00	9.00	-19.00	-	9.00

Shell Midstream Partners LP Change In Receivables 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 Jun. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.0 Mil.

Shell Midstream Partners LP (NYSE:SHLX) Change In Receivables 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.

Shell Midstream Partners LP's Days Sales Outstanding for the quarter that ended in Jun. 2022 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	51	/	149	*	91
=	31.23

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

Shell Midstream Partners LP's liquidation value for the quarter that ended in Jun. 2022 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	325	-	2672	+	0.75 * 51	+	0.5 * 30
=	-2,293.8

Shell Midstream Partners LP Change In Receivables Related Terms

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Shell Midstream Partners LP (Shell Midstream Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Shell Midstream Partners LP (NYSE:SHLX) » Definitions » Change In Receivables

Comparable Companies

DTM ENLC AM DCP ETRN PAA CEQP GLNG VNOM DKL TSX:ENB EPD TSX:TRP WMB KMI ET LNG MPLX OKE CQP

Traded in Other Exchanges

N/A

Address

150 North Dairy Ashford Road, A0482-A, Houston, TX, USA, 77079

Website

http://www.shellmidstreampartners.com

Shell Midstream Partners LP is a US-based limited partnership that is formed to own, operate, develop and acquire pipelines and other midstream assets. The company holds an interest in several entities which own crude oil, refined products and natural gas pipelines, and crude tank storage and terminal system. It provides a transportation and storage facility to deliver refined products from Gulf Coast markets to demand centers. The company earns revenue through the long-term transportation agreements by charging fees for the transportation of crude oil and refined products through its pipelines.

Executives

Sopc Holdings West Llc	10 percent owner	150 N. DAIRY ASHFORD RD., HOUSTON TX 77079
Fierro A Carlos	director	910 LOUISIANA STREET, HOUSTON TX 77002
Gregory T. Mouras	officer: Vice President, Operations	P.O. BOX 61933, NEW ORLEANS LA 70161
Sean Guillory	officer: Vice President, Commercial	150 N. DAIRY ASHFORD, HOUSTON TX 77079
Shawn J. Carsten	officer: Chief Financial Officer	ONE SHELL PLAZA, 910 LOUISIANA STREET, HOUSTON TX 77002
Steven Ledbetter	officer: Vice President - Commercial	2828 N. HARWOOD ST., SUITE 1300, DALLAS TX 75201
Cynthia V. Hablinski	director	150 N. DAIRY ASHFORD, HOUSTON TX 77079
David A. Connolly	director	1000 MAIN STREET, LEVEL 12, HOUSTON TX 77002
Stanley Jesse C. H.	officer: Vice President, Operations	150 N. DAIRY ASHFORD, HOUSTON TX 77079
Shell Pipeline Co Lp	10 percent owner	TWO SHELL PLAZA, 777 WALKER STREET, HOUSTON TX 77002
Lori M Muratta	officer: See Remarks	910 LOUISIANA STREET, HOUSTON TX 77002
Anne C. Anderson	director	150 N. DAIRY ASHFORD, HOUSTON TX 77079
James J Bender	director	1601 UTICA AVENUE SOUTH, SUITE 900, ST. LOUIS PARK MN 55416
Rob L. Jones	director	555 EAST AIRTEX DRIVE, HOUSTON TX 77073
Nick Arzymanow	officer: Controller	150 N. DAIRY ASHFORD, HOUSTON TX 77079