Targa Resources (STU:TAR) Days Sales Outstanding : 29.50 (As of Mar. 2024)

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What is Targa Resources Days Sales Outstanding?

Targa Resources's average Accounts Receivable for the three months ended in Mar. 2024 was €1,357 Mil. Targa Resources's Revenue for the three months ended in Mar. 2024 was €4,197 Mil. Hence, Targa Resources's Days Sales Outstanding for the three months ended in Mar. 2024 was 29.50.

The historical rank and industry rank for Targa Resources's Days Sales Outstanding or its related term are showing as below:

STU:TAR' s Days Sales Outstanding Range Over the Past 10 Years
Min: 23.63 Med: 30.4 Max: 37.95
Current: 28.14

During the past 13 years, Targa Resources's highest Days Sales Outstanding was 37.95. The lowest was 23.63. And the median was 30.40.

STU:TAR's Days Sales Outstanding is ranked better than
79.29% of 932 companies
in the Oil & Gas industry
Industry Median: 48.945 vs STU:TAR: 28.14

Targa Resources's Days Sales Outstanding increased from Mar. 2023 (24.70) to Mar. 2024 (29.50).

Targa Resources Days Sales Outstanding Historical Data

The historical data trend for Targa Resources's Days Sales Outstanding 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.

Targa Resources Days Sales Outstanding Chart

Targa Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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35.79

39.74

22.97

23.17

33.19

Targa Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial															24.70	27.13	25.93	29.48	29.50

Competitive Comparison of Targa Resources's Days Sales Outstanding

For the Oil & Gas Midstream subindustry, Targa Resources's Days Sales Outstanding, along with its competitors' market caps and Days Sales Outstanding 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.

Targa Resources's Days Sales Outstanding Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Targa Resources's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Targa Resources's Days Sales Outstanding falls into.

Targa Resources Days Sales Outstanding Calculation

Days Sales Outstanding measures 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.

Accounts Receivable can be measured by Days Sales Outstanding.

Targa Resources's Days Sales Outstanding for the fiscal year that ended in Dec. 2023 is calculated as

	Days Sales Outstanding (A: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (1329.53	+	1348.907)	/	2 )	/	14727.295	*	365
=	1339.2185					/	14727.295	*	365
=	33.19

Targa Resources's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding (Q: Mar. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )	/	Revenue (A: Mar. 2024 )	*	Days in Period
=	( (1348.907	+	1365.004)	/	2 )	/	4197.408	*	365 / 4
=	1356.9555					/	4197.408	*	365 / 4
=	29.50

Targa Resources (STU:TAR) Days Sales Outstanding Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.

Targa Resources Days Sales Outstanding Related Terms

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Targa Resources (STU:TAR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Targa Resources Corp (STU:TAR) » Definitions » Days Sales Outstanding

Comparable Companies

CQP PAA WES AM ENLC DTM FRO ETRN PAGP STNG TSX:ENB EPD WMB ET LNG OKE MPLX KMI TSX:TRP TSX:PPL

Traded in Other Exchanges

TRGP:USA

Address

811 Louisiana Street, Suite 2100, Houston, TX, USA, 77002

Website

https://www.targaresources.com

Targa Resources is a midstream firm that primarily operates gathering and processing assets with substantial positions in the Permian, Stack, Scoop, and Bakken plays. It has 843,000 barrels a day of gross fractionation capacity at Mont Belvieu and operates a liquefied petroleum gas export terminal. The Grand Prix natural gas liquids pipeline recently entered full service.

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