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GuruFocus has detected 1 Warning Sign with Mid-Con Energy Partners LP $MCEP.
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Mid-Con Energy Partners LP (NAS:MCEP)
Days Sales Outstanding
24.07 (As of Mar. 2017)

Mid-Con Energy Partners LP's account receivable for the three months ended in Mar. 2017 was $4.88 Mil. Mid-Con Energy Partners LP's revenue for the three months ended in Mar. 2017 was $18.48 Mil. Hence, Mid-Con Energy Partners LP's days sales outstanding for the three months ended in Mar. 2017 was 24.07.

MCEP' s Days Sales Outstanding Range Over the Past 10 Years
Min: 17.25   Max: 76.83
Current: 36.66

17.25
76.83

During the past 7 years, Mid-Con Energy Partners LP's highest Days Sales Outstanding was 76.83. The lowest was 17.25. And the median was 34.79.

MCEP's Days Sales Outstanding is ranked higher than
65% of the 381 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 55.27 vs. MCEP: 36.66 )

Mid-Con Energy Partners LP's days sales outstanding declined from Mar. 2016 (27.27) to Mar. 2017 (24.07).


Definition

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.

Account receivable can be measured by Days Sales Outstanding.

Mid-Con Energy Partners LP's Days Sales Outstanding for the fiscal year that ended in Dec. 2016 is calculated as

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=5.302/43.896*365
=44.09

Mid-Con Energy Partners LP's Days Sales Outstanding for the quarter that ended in Mar. 2017 is calculated as:

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=4.875/18.483*365 / 4
=24.07

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


Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.


Related Terms

Account Receivable, Revenue


Historical Data

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

Mid-Con Energy Partners LP Annual Data

Dec10Dec11Dec12Dec13Dec14Dec15Dec16
DaysSalesOutstanding 0.000.000.0076.8346.5934.7930.9023.2717.2544.09

Mid-Con Energy Partners LP Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
DaysSalesOutstanding 14.2329.2050.2814.7715.9327.27101.8430.7842.4224.07
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