Targa Resources (Targa Resources) Change In Receivables : $-422 Mil (TTM As of Mar. 2024)

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What is Targa Resources Change In Receivables?

Targa Resources's change in receivables for the quarter that ended in Mar. 2024 was $40 Mil. It means Targa Resources's Accounts Receivable declined by $40 Mil from Dec. 2023 to Mar. 2024 .

Targa Resources's change in receivables for the fiscal year that ended in Dec. 2023 was $-21 Mil. It means Targa Resources's Accounts Receivable increased by $21 Mil from Dec. 2022 to Dec. 2023 .

Targa Resources's Accounts Receivable for the quarter that ended in Mar. 2024 was $1,484 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. Targa Resources's Days Sales Outstanding for the three months ended in Mar. 2024 was 29.67.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Targa Resources's liquidation value for the three months ended in Mar. 2024 was $-14,934 Mil.

Targa Resources Change In Receivables Historical Data

The historical data trend for Targa Resources'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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Targa Resources Change In Receivables Chart

Targa Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-24.70

-25.60

-392.40

219.70

-20.60

Targa Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															440.80	71.90	-315.50	-217.80	39.80

Targa Resources 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-422 Mil.

Targa Resources (NYSE:TRGP) 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.

Targa Resources's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1483.7	/	4562.4	*	91
=	29.67

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

Targa Resources's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	109.9	-	16268.5	+	0.75 * 1483.7	+	0.5 * 224.5
=	-14,934

Targa Resources Change In Receivables Related Terms

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Targa Resources (Targa Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Targa Resources Corp (NYSE:TRGP) » Definitions » Change In Receivables

Comparable Companies

CQP PAA WES AM ENLC DTM FRO ETRN PAGP STNG TSX:ENB EPD WMB ET LNG OKE MPLX KMI TSX:TRP TSX:PPL

Traded in Other Exchanges

TAR:Germany

Address

811 Louisiana Street, Suite 2100, Houston, TX, USA, 77002

Website

https://www.targaresources.com

Targa Resources is a midstream firm that primarily operates gathering and processing assets with substantial positions in the Permian, Stack, Scoop, and Bakken plays. It has 843,000 barrels a day of gross fractionation capacity at Mont Belvieu and operates a liquefied petroleum gas export terminal. The Grand Prix natural gas liquids pipeline recently entered full service.

Executives

Robert Muraro	officer: See Remarks	1000 LOUISIANA, SUITE 4300, HOUSTON TX 77002
Julie H. Boushka	officer: Senior VP and CAO	811 LOUISIANA, SUITE 2100, HOUSTON TX 77002
G Clark White	officer: EVP - Engineering & Operations	1000 LOUISIANA STREET, SUITE 4300, HOUSTON TX 77002
Regina Gregory	officer: See Remarks	2013 CITYWEST BLVD, BUILDING 4 SUITE 800, HOUSTON TX 77042
D. Scott Pryor	officer: See Remarks	1000 LOUISIANA, SUITE 4300, HOUSTON TX 77002
Paul W Chung	officer: EVP, Gen. Counsel & Secretary	TARGA RESOURCES PARTNERS LP, 1000 LOUISIANA STREET, SUITE 4300, HOUSTON TX 77002
Charles R Crisp	director	1301 MCKINNEY STE 700, HOUSTON TX 77010
Lindsey Cooksen	director	811 LOUISIANA STREET, SUITE 2100, HOUSTON TX 77002
Rene R Joyce	director	P.O. BOX 130430, HOUSTON TX 77219-0430
Jennifer R. Kneale	officer: Chief Financial Officer	811 LOUISIANA STREET, SUITE 2100, HOUSTON TX 77002
Joe Bob Perkins	director, officer: Chief Executive Officer	TARGA RESOURCES PARTNERS, LP, 1000 LOUISIANA ST., SUITE 4300, HOUSTON TX 77002
Patrick J. Mcdonie	officer: See Remarks	110 W. 7TH STREET, SUITE 2300, TULSA OK 74119
Davis Waters S Iv	director	10200 ALLIANCE ROAD, SUITE 200, CINCINNATI OH 45242
Redd Ershel C Jr	director	C/O EL PASO ELECTRIC COMPANY, 100 N. STANTON, EL PASO TX 79901
Chris Tong	director	600 E LAS COLINAS # 1100, IRVING TX 75019