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NGL Energy Partners LP's Days Sales Outstanding for the
three
months ended in Mar. 2026 was 60.52.
NGL Energy Partners LP's Days Inventory for the
three
months ended in Mar. 2026 was 8.4.
NGL Energy Partners LP's Days Payable for the
three
months ended in Mar. 2026 was 54.39.
Therefore, NGL Energy Partners LP's Cash Conversion Cycle (CCC) for the
three
months ended in Mar. 2026 was 14.53.
NGL Energy Partners LP (NYSE:NGL) Cash Conversion Cycle Explanation
Generally, the lower this number is, the better for the company. Although it should be combined with other metrics (such as ROE % and ROA %), it can be especially useful for comparing close competitors, because the company with the lowest CCC is often the one with better management.
Be Aware
CCC is most effective with retail-type companies, which have inventories that are sold to customers. Consulting businesses, software companies and insurance companies are all examples of companies for whom this metric is meaningless.
The CCC is one of several tools that can help you evaluate management, especially if it is calculated for several consecutive time periods and for several competitors. Decreasing or steady CCCs are good, while rising ones should motivate you to dig a bit deeper.
NGL Energy Partners LP Cash Conversion Cycle Related Terms
NGL Energy Partners LP Cash Conversion Cycle Historical Data
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The historical data trend for NGL Energy Partners LP's Cash Conversion Cycle 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.
NGL Energy Partners LP Cash Conversion Cycle Chart
NGL vs GEL, TNK, FLNG: Cash Conversion Cycle Comparison
For the Oil & Gas Midstream subindustry, NGL Energy Partners LP's Cash Conversion Cycle, along with its competitors' market caps and Cash Conversion Cycle data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
NGL Energy Partners LP Cash Conversion Cycle vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, NGL Energy Partners LP's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where NGL Energy Partners LP's Cash Conversion Cycle falls into.
NGL Energy Partners LP Cash Conversion Cycle Calculation
Cash Conversion Cycle (CCC) measures how fast a company can convert cash on hand into even more cash on hand. This metric looks at the amount of time needed to sell inventory, the amount of time needed to collect receivables and the length of time the company is afforded to pay its bills without incurring penalties.
Cash Conversion Cycle is one of several measures of management effectiveness.
NGL Energy Partners LP's Cash Conversion Cycle for the fiscal year that ended in Mar. 2026 is calculated as
* 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.
NGL Energy Partners LP (NGL) has a Cash Conversion Cycle of 14.53 as of Mar. 2026. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on NGL Energy Partners LP and its competitors.
Is NGL Energy Partners LP's Cash Conversion Cycle too high?
NGL Energy Partners LP's current Cash Conversion Cycle is 14.53. The Oil & Gas industry median Cash Conversion Cycle is 18.22. NGL Energy Partners LP's value of 14.53 is 20.3% below this industry median. Overall, NGL Energy Partners LP has a GF Score™ of 41/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NGL Energy Partners LP's Cash Conversion Cycle compare to GEL and TNK?
NGL Energy Partners LP's Cash Conversion Cycle of 14.53 can be compared against companies in the Oil & Gas industry. The industry median Cash Conversion Cycle is 18.22. NGL Energy Partners LP's value of 14.53 is 20.3% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash Conversion Cycle for an Oil & Gas company?
The median Cash Conversion Cycle among Oil & Gas companies is 18.22, based on 915 companies in the industry. Companies in the top quartile (top 25%) have a Cash Conversion Cycle significantly above this median, while those in the bottom quartile fall well below. However, Cash Conversion Cycle should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NGL Energy Partners LP's current Cash Conversion Cycle of 14.53 is 20.3% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash Conversion Cycle mean?
A high Cash Conversion Cycle can signal that a stock is expensive relative to its fundamentals. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on NGL Energy Partners LP and its competitors. For the Oil & Gas industry, the median Cash Conversion Cycle is 18.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NGL Energy Partners LP's current Cash Conversion Cycle is 14.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NGL Energy Partners LP stock overvalued right now?
Based on GuruFocus' analysis, NGL Energy Partners LP (NGL) is currently considered Significantly Overvalued. The stock's GF Value™ is $4.39, compared to a current price of $15.30 — trading 248.5% above its estimated fair value. The current Cash Conversion Cycle is 14.53 and 20.3% below the Oil & Gas industry median of 18.22. NGL Energy Partners LP's overall GF Score™ is 41/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash Conversion Cycle calculated?
Cash Conversion Cycle is calculated from a company's financial statements. For NGL Energy Partners LP (NGL), the current Cash Conversion Cycle is 14.53 as of Mar. 2026. 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.
Is NGL Energy Partners LP (NGL) Overvalued in 2026?
Based on GuruFocus' analysis, NGL Energy Partners LP stock appears to be overvalued.
The current stock price of $15.30 is trading 248.5% above its estimated GF Value™ of $4.39.
GuruFocus considers NGL Energy Partners LP to be Significantly Overvalued.
Key valuation signals for NGL:
Cash Conversion Cycle: 14.53
GF Value™: $4.39 vs. price of $15.30 (248.5% above fair value)
Industry Position: 20.3% below the Oil & Gas median
No single metric tells the full story. See the NGL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NGL Energy Partners LP is a USA-based firm that owns and operates a vertically integrated energy business. The company's operating segments include Crude Oil Logistics, Water Solutions, and Liquids Logistics. It operates crude oil Logistics, owns pipeline injection stations, and offers services for the treatment and disposal of wastewater generated from crude oil and natural gas production, as well as for the disposal of solids, such as tank bottoms and drilling fluids. The firm also supplies natural gas liquids to retailers, wholesalers, refiners, and petrochemical plants and sells propane and distillates.
41GF Score
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