ALTGF.PFD (AltaGas) Accounts Receivable : $1,244.08 Mil (As of Mar. 2025)

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What is AltaGas Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. AltaGas's accounts receivables for the quarter that ended in Mar. 2025 was $1,244.08 Mil.

Accounts receivable can be measured by Days Sales Outstanding. AltaGas's Days Sales Outstanding for the quarter that ended in Mar. 2025 was 41.06.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. AltaGas's Net-Net Working Capital per share for the quarter that ended in Mar. 2025 was $N/A.

AltaGas Accounts Receivable Historical Data

The historical data trend for AltaGas'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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AltaGas Accounts Receivable Chart

AltaGas Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Accounts Receivable

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1,143.73

1,117.97

1,521.53

1,298.45

1,150.42

AltaGas Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Accounts Receivable	Get a 7-Day Free Trial															1,340.13	1,033.20	1,001.03	1,150.42	1,244.08

AltaGas Accounts Receivable Calculation

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

AltaGas 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.

AltaGas's Days Sales Outstanding for the quarter that ended in Mar. 2025 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1244.079	/	2764.698	*	91
=	41.06

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

AltaGas's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2025 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)
=	(137.225	+	0.75 * 1244.079	+	0.5 * 360.128	-	11625.801
-	272.36	-	264.698)	/	0
=	N/A

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.

AltaGas Accounts Receivable Related Terms

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AltaGas Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » AltaGas Ltd (OTCPK:ALTGF.PFD) » Definitions » Accounts Receivable

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ATGFF:USA ALA.PR.G.PFD:Canada ALA.PR.B.PFD:Canada ALA.PR.A.PFD:Canada ALA:Canada

Address

707 - 5th Street S.W, Suite 1300, Calgary, AB, CAN, T2P 0Y3

Website

https://www.altagas.ca

AltaGas Ltd owns and operates a diversified basket of energy infrastructure businesses. Business is conducted through given segments: Midstream, Utilities, and Corporate/other. Midstream business consists of export facilities and locates processing, fractionation, and logistics infrastructure, as well as hydrocarbon storage in North America that connects North American producers from wellhead to offshore export and domestic markets. The utility business is offered through its regulated natural gas utilities - Washington Gas and SEMCO. The business generates revenue from customers in both Canada and the United States, with the majority coming from Canadian customers.