TC Pipelines LP (TC Pipelines LP) Cash Conversion Cycle : -271.28 (As of Dec. 2020)

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What is TC Pipelines LP Cash Conversion Cycle?

Cash Conversion Cycle is one of several measures of management effectiveness. It equals Days Sales Outstanding + Days Inventory - Days Payable.

TC Pipelines LP's Days Sales Outstanding for the three months ended in Dec. 2020 was 30.71.
TC Pipelines LP's Days Inventory for the three months ended in Dec. 2020 was 45.63.
TC Pipelines LP's Days Payable for the three months ended in Dec. 2020 was 347.62.
Therefore, TC Pipelines LP's Cash Conversion Cycle (CCC) for the three months ended in Dec. 2020 was -271.28.

TC Pipelines LP Cash Conversion Cycle Historical Data

The historical data trend for TC Pipelines 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.

* Premium members only.

TC Pipelines LP Cash Conversion Cycle Chart

TC Pipelines LP Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Cash Conversion Cycle

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-80.23

-71.51

-87.73

-102.79

-105.59

TC Pipelines LP Quarterly Data
	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20
Cash Conversion Cycle	Get a 7-Day Free Trial															-93.80	-91.11	-143.59	-193.44	-271.28

Competitive Comparison of TC Pipelines LP's Cash Conversion Cycle

For the Oil & Gas Midstream subindustry, TC Pipelines 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.

TC Pipelines LP's Cash Conversion Cycle Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, TC Pipelines LP's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where TC Pipelines LP's Cash Conversion Cycle falls into.

TC Pipelines 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.

TC Pipelines LP's Cash Conversion Cycle for the fiscal year that ended in Dec. 2020 is calculated as

Cash Conversion Cycle	=	Days Sales Outstanding	+	Days Inventory	-	Days Payable
	=	33.85	+	43.06	-	182.5
	=	-105.59

TC Pipelines LP's Cash Conversion Cycle for the quarter that ended in Dec. 2020 is calculated as:

Cash Conversion Cycle	=	Days Sales Outstanding	+	Days Inventory	-	Days Payable
	=	30.71	+	45.63	-	347.62
	=	-271.28

TC Pipelines LP (NYSE:TCP) 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.

TC Pipelines LP Cash Conversion Cycle Related Terms

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TC Pipelines LP (TC Pipelines LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TC Pipelines LP (NYSE:TCP) » Definitions » Cash Conversion Cycle

Comparable Companies

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Traded in Other Exchanges

N/A

Address

700 Louisiana Street, Suite 700, Houston, TX, USA, 77002-2761

Website

http://www.tcpipelineslp.com

TC Pipelines LP acquires, owns and participates in the management of energy infrastructure businesses in North America. The company's pipeline systems transport natural gas in the United States. It owns interests in several natural gas pipeline systems through three intermediate limited partnerships (ILPs). The company earns revenue by charging rates for transporting natural gas.

Executives

Malyn K Malquist	director	10653 S. RIVER FRONT PARKWAY, SUITE 300, SOUTH JORDAN UT 84095
Peggy A Heeg	director	1001 LOUISIANA STREET STE 5100 HOUSTON TX 77002
Jack Stark	director	700 LOUISIANA STREET, HOUSTON TX 77002-2700
Walentin Mirosh	director	PO BOX 2518, STATION M, CALGARY A0 T2P 5C6
Burton Cole	officer: Controller	500 DALLAS STREET, SUITE 2000, HOUSTON TX 77002
Alisa M Williams	officer: Vice-President, Taxation	700 LOUISIANA STE 700 HOUSTON TX 77002
Chapman Stanley G Iii	director	5151 SAN FELIPE STREET SUITE 2500 HOUSTON TX 77056
Nadine E Berge	director	450 1ST STREET SW CALGARY A0 T2P5H1
Sean M Brett	director	450 - 1 STREET S.W. CALGARY A0 T2P 5H1
Nancy F Priemer	officer: Vice-President, Taxation	700 LOUISIANA STREET SUITE 700 HOUSTON TX 77002
Brandon M Anderson	director, officer: President	700 LOUISIANA STREET SUITE 700 HOUSTON TX 77002
Janine Michele Watson	officer: VP and General Manager	450 - 1 STREET S.W. CALGARY A0 T2P 5H1
Sandra P. Ryan-robinson	officer: Principal Fin Off & Controller	450 - 1 STREET SW CALGARY A0 T2P 5H1
Nathaniel Alan Brown	officer: Principal Fin Off & Controller	717 TEXAS STREET HOUSTON TX 77252-2446
Kristine L Delkus	director	450-1ST STREET SW CALGARY ALBERTA CANADA A0 T2P 5H1