Tallgrass Energy (FRA:TGV) Change In Receivables : €-0.28 Mil (TTM As of Dec. 2012)

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What is Tallgrass Energy Change In Receivables?

Tallgrass Energy's change in receivables for the quarter that ended in Dec. 2012 was €-0.28 Mil. It means Tallgrass Energy's Accounts Receivable increased by €0.28 Mil from Dec. 2011 to Dec. 2012 .

Tallgrass Energy's change in receivables for the fiscal year that ended in Dec. 2012 was €-0.28 Mil. It means Tallgrass Energy's Accounts Receivable increased by €0.28 Mil from Dec. 2011 to Dec. 2012 .

Tallgrass Energy's Accounts Receivable for the quarter that ended in Dec. 2012 was €0.63 Mil.

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 Receivable are being managed. Tallgrass Energy's Days Sales Outstanding for the six months ended in Dec. 2012 was 23.83.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Tallgrass Energy's liquidation value for the six months ended in Dec. 2012 was €-20.14 Mil.

Tallgrass Energy Change In Receivables Historical Data

The historical data trend for Tallgrass Energy's Change In Receivables 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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Tallgrass Energy Change In Receivables Chart

Tallgrass Energy Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Change In Receivables

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0.03

-0.28

Tallgrass Energy Semi-Annual Data
	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12
Change In Receivables	Get a 7-Day Free Trial				-	-	-	0.03	-0.28

Tallgrass Energy Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Change In Receivables for the trailing twelve months (TTM) ended in Dec. 2012 was €-0.28 Mil.

Tallgrass Energy (FRA:TGV) Change In Receivables 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 Receivable are being managed.

Tallgrass Energy's Days Sales Outstanding for the quarter that ended in Dec. 2012 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.633	/	4.848	*	91
=	23.83

2. In Ben Graham's calculation of liquidation value, Tallgrass Energy's accounts receivable are only considered to be worth 75% of book value:

Tallgrass Energy's liquidation value for the quarter that ended in Dec. 2012 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.295	-	20.909	+	0.75 * 0.633	+	0.5 * 0
=	-20.14

Tallgrass Energy Change In Receivables Related Terms

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Tallgrass Energy (FRA:TGV) Business Description

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http://www.tallgrassenergy.ca

Tallgrass Energy Corp was incorporated pursuant to the provisions of the Alberta Business Corporations Act on March 10, 2010. On December 31, 2012, the Company amalgamated with Anglo Canadian Oil Corp. The Company is engaged in the exploration, development and production of petroleum and natural gas in the Western Canadian Basin. The Company receives its revenue from the sale of oil, natural gas and natural gas liquids. Other revenue is derived from emulsion processing, treating, saltwater disposal fees charged to third parties as well as well operating fees and road use fees.

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