ENGY (Central Energy Partners LP) Accounts Receivable: $0.20 Mil (As of Jun. 2015)

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What is Central Energy Partners LP Accounts Receivable?

Central Energy Partners LP ENGY Accounts Receivable is $0.20 Mil as of Jun. 2015.

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Central Energy Partners LP's accounts receivables for the quarter that ended in Jun. 2015 was $0.20 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Central Energy Partners LP's Days Sales Outstanding for the quarter that ended in Jun. 2015 was 25.94.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Central Energy Partners LP's Net-Net Working Capital per share for the quarter that ended in Jun. 2015 was $-0.46.

Central Energy Partners LP 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.

Central Energy Partners LP's Days Sales Outstanding for the quarter that ended in Jun. 2015 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.195/0.686*91
=25.94

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

Central Energy Partners LP's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2015 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)
=(0.087+0.75 * 0.195+0.5 * 0-9.258
-0-0)/19.591
=-0.46

* 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.

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.

Central Energy Partners LP Accounts Receivable Related Terms

Central Energy Partners LP Accounts Receivable Historical Data

* Premium members only.

The historical data trend for Central Energy Partners LP'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.

Central Energy Partners LP Accounts Receivable Chart

Central Energy Partners LP Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.76 0.56 0.65 0.31 0.29

Central Energy Partners LP Quarterly Data
Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15
Accounts Receivable Get a 7-Day Free Trial 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 0.37 0.29 0.27 0.20 0.07

Central Energy Partners LP Accounts Receivable Calculation

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

Frequently Asked Questions Learn more about Accounts Receivable →
What does a Accounts Receivable of $0.20 Mil mean?
Central Energy Partners LP (ENGY) has a Accounts Receivable of $0.20 Mil as of Jun. 2015. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Central Energy Partners LP and its competitors.
Is Central Energy Partners LP's Accounts Receivable too high?
Central Energy Partners LP's current Accounts Receivable is $0.20 Mil.
How does Central Energy Partners LP's Accounts Receivable compare to PGAS and SNMP?
Central Energy Partners LP's Accounts Receivable of $0.20 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Accounts Receivable for an Oil & Gas company?
A good Accounts Receivable depends on the Oil & Gas industry context. However, Accounts Receivable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Accounts Receivable mean?
A high Accounts Receivable can signal that a stock is expensive relative to its fundamentals. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Central Energy Partners LP and its competitors. Central Energy Partners LP's current Accounts Receivable is $0.20 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Central Energy Partners LP stock overvalued right now?
Central Energy Partners LP (ENGY) has a current Accounts Receivable of $0.20 Mil. The current Accounts Receivable is $0.20 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Accounts Receivable calculated?
Accounts Receivable is calculated from a company's financial statements. For Central Energy Partners LP (ENGY), the current Accounts Receivable is $0.20 Mil as of Jun. 2015. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Central Energy Partners LP Business Description

Industry EnergyOil & Gas
Address 4809 Cole Avenue, Suite 108, Dallas, TX, USA, 75205
Central Energy Partners LP provides liquid bulk storage, trans-loading, and transportation services for hazardous chemicals and petroleum products. Its key activities include the storage, transportation and railcar trans-loading of bulk liquids, including hazardous chemicals and petroleum products. It transports a range of hazardous products, such as aluminum sulfate solution, hydrochloric acid, sulfuric acid, aqua ammonia, sodium bisulfate and fuel blends.