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Tallgrass Energy Partners LP (Tallgrass Energy Partners LP) Days Sales Outstanding : 64.03 (As of Mar. 2018)


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What is Tallgrass Energy Partners LP Days Sales Outstanding?

Tallgrass Energy Partners LP's average Accounts Receivable for the three months ended in Mar. 2018 was $125.7 Mil. Tallgrass Energy Partners LP's Revenue for the three months ended in Mar. 2018 was $179.1 Mil. Hence, Tallgrass Energy Partners LP's Days Sales Outstanding for the three months ended in Mar. 2018 was 64.03.

The historical rank and industry rank for Tallgrass Energy Partners LP's Days Sales Outstanding or its related term are showing as below:

TEP's Days Sales Outstanding is not ranked *
in the Oil & Gas industry.
Industry Median: 48.71
* Ranked among companies with meaningful Days Sales Outstanding only.

Tallgrass Energy Partners LP's Days Sales Outstanding increased from Mar. 2017 (36.91) to Mar. 2018 (64.03).

Tallgrass Energy Partners LP Days Sales Outstanding Historical Data

The historical data trend for Tallgrass Energy Partners LP'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.

Tallgrass Energy Partners LP Days Sales Outstanding Chart

Tallgrass Energy Partners LP Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Days Sales Outstanding
Get a 7-Day Free Trial 30.08 34.28 32.80 35.00 49.94

Tallgrass Energy Partners LP Quarterly Data
Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18
Days Sales Outstanding 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 36.91 32.74 39.90 56.28 64.03

Competitive Comparison of Tallgrass Energy Partners LP's Days Sales Outstanding

For the Oil & Gas Midstream subindustry, Tallgrass Energy Partners LP'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.

Tallgrass Energy Partners LP's Days Sales Outstanding Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Tallgrass Energy Partners LP's Days Sales Outstanding falls into.


Tallgrass Energy Partners LP 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.

Tallgrass Energy Partners LP's Days Sales Outstanding for the fiscal year that ended in Dec. 2017 is calculated as

Days Sales Outstanding (A: Dec. 2017 )
=Average Accounts Receivable /Revenue*Days in Period
=( (Accounts Receivable (A: Dec. 2016 ) + Accounts Receivable (A: Dec. 2017 )) / count ) / Revenue (A: Dec. 2017 )*Days in Period
=( (59.536 + 119.955) / 2 ) / 655.898*365
=89.7455 / 655.898*365
=49.94

Tallgrass Energy Partners LP's Days Sales Outstanding for the quarter that ended in Mar. 2018 is calculated as:

Days Sales Outstanding (Q: Mar. 2018 )
=Average Accounts Receivable /Revenue*Days in Period
=( (Accounts Receivable (A: Dec. 2017 ) + Accounts Receivable (A: Mar. 2018 )) / count ) / Revenue (A: Mar. 2018 )*Days in Period
=( (119.955 + 131.401) / 2 ) / 179.094*365 / 4
=125.678 / 179.094*365 / 4
=64.03

* 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.

Tallgrass Energy Partners LP  (NYSE:TEP) Days Sales Outstanding Explanation

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

Tallgrass Energy Partners LP Days Sales Outstanding Related Terms

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Tallgrass Energy Partners LP (Tallgrass Energy Partners LP) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tallgrass Energy Partners LP (NYSE:TEP) » Definitions » Days Sales Outstanding
Comparable Companies
NS HEP GEL BOG:PROMIGAS TSX:ALA CEQP TCP PAGP HKSE:03633 TSX:GEI XBRU:FLUX DCP AM VNOM SHLX ALTM BPMP TSX:KEY NBLX SZSE:002267
Traded in Other Exchanges
N/A
Address
Website
http://www.tallgrassenergy.com
Tallgrass Energy Partners is a young master limited partnership that focuses opportunistically on growth through acquisition and development of natural gas and crude oil transportation, as well as gathering and processing assets. Tallgrass operates and has participating interests in some of the more strategically important midstream assets in the Bakken and Rockies (for example, the REX and Pony Express lines).
Executives
Frank J Loverro director 320 PARK AVENUE, 24TH FLOOR, NEW YORK NY 10022
William R. Moler director, officer: See Remarks 4200 WEST 115TH STREET, SUITE 350, LEAWOOD KS 66211
Dehaemers David G Jr director, officer: See Remarks 4200 WEST 115TH STREET, SUITE 350, LEAWOOD KS 66211
Osborne Stanley De J director C/O KELSO AND COMPANY, 320 PARK AVENUE, 24TH FLOOR, NEW YORK NY 10022
John T Raymond director THE ENERGY & MINERALS GROUP, 811 MAIN STREET, SUITE 4200, HOUSTON TX 77002