Energy Transfer LP (Energy Transfer LP) Receivables Turnover : 2.29 (As of Mar. 2024)

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What is Energy Transfer LP Receivables Turnover?

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. Energy Transfer LP's Revenue for the three months ended in Mar. 2024 was $21,629.00 Mil. Energy Transfer LP's average Accounts Receivable for the three months ended in Mar. 2024 was $9,455.00 Mil. Hence, Energy Transfer LP's Receivables Turnover for the three months ended in Mar. 2024 was 2.29.

Energy Transfer LP Receivables Turnover Historical Data

The historical data trend for Energy Transfer 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.

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Energy Transfer LP Receivables Turnover Chart

Energy Transfer LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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11.64

8.51

11.56

11.05

8.88

Energy Transfer LP Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															2.24	2.32	2.43	2.18	2.29

Competitive Comparison of Energy Transfer LP's Receivables Turnover

For the Oil & Gas Midstream subindustry, Energy Transfer 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.

Energy Transfer LP's Receivables Turnover Distribution in the Oil & Gas Industry

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

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

Energy Transfer LP Receivables Turnover Calculation

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

Energy Transfer LP's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	78586	/ (	(8559	+	9148)	/	2 )
=	78586	/	8853.5
=	8.88

Energy Transfer LP's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	21629	/ (	(9148	+	9762)	/	2 )
=	21629	/	9455
=	2.29

Energy Transfer LP (NYSE:ETPE.PFD) 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.

Energy Transfer LP Receivables Turnover Related Terms

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Energy Transfer LP (Energy Transfer LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Energy Transfer LP (NYSE:ETPE.PFD) » Definitions » Receivables Turnover

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ETPC.PFD:USA ETPD.PFD:USA ET:USA

Address

8111 Westchester Drive, Suite 600, Dallas, TX, USA, 75225

Website

https://www.energytransfer.com

Energy Transfer owns a large platform of crude oil, natural gas, and natural gas liquid assets primarily in Texas and the U.S. midcontinent region. It also has gathering and processing facilities, one of the largest fractionation facilities in the U.S., and fuel distribution. Energy Transfer also owns the Lake Charles gas liquefaction facility. It combined its publicly traded limited and general partnerships in October 2018.