ENGY (Central Energy Partners LP) Receivables Turnover: 2.98 (As of Jun. 2015)

What is Central Energy Partners LP Receivables Turnover?

Central Energy Partners LP ENGY Receivables Turnover is 2.98 as of Jun. 2015.

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Central Energy Partners LP's Revenue for the three months ended in Jun. 2015 was $0.69 Mil. Central Energy Partners LP's average Accounts Receivable for the three months ended in Jun. 2015 was $0.23 Mil. Hence, Central Energy Partners LP's Receivables Turnover for the three months ended in Jun. 2015 was 2.98.

Central Energy Partners LP (OTCPK:ENGY) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Central Energy Partners LP Receivables Turnover Related Terms

Central Energy Partners LP Receivables Turnover Historical Data

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The historical data trend for Central Energy Partners LP's Receivables Turnover 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.

Central Energy Partners LP Receivables Turnover Chart

Central Energy Partners LP Annual Data

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Dec05

Dec06

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Dec10

Dec11

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Dec14

Receivables Turnover

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9.47

10.40

9.08

9.91

16.76

Central Energy Partners LP Quarterly Data
	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15
Receivables Turnover	Get a 7-Day Free Trial															3.72	3.23	3.25	2.98	4.61

ENGY vs PGAS, SNMP, MRGE: Receivables Turnover Comparison

For the Oil & Gas Midstream subindustry, Central Energy Partners LP's Receivables Turnover, along with its competitors' market caps and Receivables Turnover 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.

Central Energy Partners LP Receivables Turnover vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Central Energy Partners LP's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Central Energy Partners LP's Receivables Turnover falls into.

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Central Energy Partners LP Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Central Energy Partners LP's Receivables Turnover for the fiscal year that ended in Dec. 2014 is calculated as

	Receivables Turnover (A: Dec. 2014 )
=	Revenue	/	Average Accounts Receivable
=	Revenue (A: Dec. 2014 )	/ (	(Accounts Receivable (A: Dec. 2013 )	+	Accounts Receivable (A: Dec. 2014 ))	/	count )
=	5.077	/ (	(0.312	+	0.294)	/	2 )
=	5.077	/	0.303
=	16.76

Central Energy Partners LP's Receivables Turnover for the quarter that ended in Jun. 2015 is calculated as

	Receivables Turnover (Q: Jun. 2015 )
=	Revenue	/	Average Accounts Receivable
=	Revenue (Q: Jun. 2015 )	/ (	(Accounts Receivable (Q: Mar. 2015 )	+	Accounts Receivable (Q: Jun. 2015 ))	/	count )
=	0.686	/ (	(0.266	+	0.195)	/	2 )
=	0.686	/	0.2305
=	2.98

Frequently Asked Questions Learn more about Receivables Turnover →

What does a Receivables Turnover of 2.98 mean?

Central Energy Partners LP (ENGY) has a Receivables Turnover of 2.98 as of Jun. 2015. The accounts receivables turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by Average Accounts Receivable. View historical data on Central Energy Partners LP and its competitors.

Is Central Energy Partners LP's Receivables Turnover too high?

Central Energy Partners LP's current Receivables Turnover is 2.98. The Oil & Gas industry median Receivables Turnover is 7.95. Central Energy Partners LP's value of 2.98 is 62.5% below this industry median.

How does Central Energy Partners LP's Receivables Turnover compare to PGAS and SNMP?

Central Energy Partners LP's Receivables Turnover of 2.98 can be compared against companies in the Oil & Gas industry. The industry median Receivables Turnover is 7.95. Central Energy Partners LP's value of 2.98 is 62.5% 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 Receivables Turnover for an Oil & Gas company?

The median Receivables Turnover among Oil & Gas companies is 7.95, based on 892 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Central Energy Partners LP's current Receivables Turnover of 2.98 is 62.5% 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 Receivables Turnover mean?

A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts receivables turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by Average Accounts Receivable. View historical data on Central Energy Partners LP and its competitors. For the Oil & Gas industry, the median Receivables Turnover is 7.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Central Energy Partners LP's current Receivables Turnover is 2.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Central Energy Partners LP stock overvalued right now?

Central Energy Partners LP (ENGY) has a current Receivables Turnover of 2.98. The current Receivables Turnover is 2.98 and 62.5% below the Oil & Gas industry median of 7.95. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Receivables Turnover calculated?

Receivables Turnover is calculated from a company's financial statements. For Central Energy Partners LP (ENGY), the current Receivables Turnover is 2.98 as of Jun. 2015. 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.

Central Energy Partners LP Business Description

Industry Energy Oil & Gas

Comparable Companies PGAS SNMP MRGE SGX:5PD BSE:OIL HKSE:08117 BKEP HKSE:00681 ASX:MTN DLNG ASX:LNG SGX:C9Q TSXV:MCR NNA USWS GASS OSG OSL:SIOFF BSE:COTE MMLP

Address 4809 Cole Avenue, Suite 108, Dallas, TX, USA, 75205

Website http://www.centralenergylp.com

Central Energy Partners LP provides liquid bulk storage, trans-loading, and transportation services for hazardous chemicals and petroleum products. Its key activities include the storage, transportation and railcar trans-loading of bulk liquids, including hazardous chemicals and petroleum products. It transports a range of hazardous products, such as aluminum sulfate solution, hydrochloric acid, sulfuric acid, aqua ammonia, sodium bisulfate and fuel blends.