Tallgrass Energy (FRA:TGV) Receivables Turnover : 10.50 (As of Dec. 2012)

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What is Tallgrass Energy 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. Tallgrass Energy's Revenue for the six months ended in Dec. 2012 was €4.85 Mil. Tallgrass Energy's average Accounts Receivable for the six months ended in Dec. 2012 was €0.46 Mil. Hence, Tallgrass Energy's Receivables Turnover for the six months ended in Dec. 2012 was 10.50.

Tallgrass Energy Receivables Turnover Historical Data

The historical data trend for Tallgrass Energy'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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Tallgrass Energy Receivables Turnover Chart

Tallgrass Energy Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Receivables Turnover

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0.92

2.47

1.39

13.56

10.50

Tallgrass Energy Semi-Annual Data
	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12
Receivables Turnover	Get a 7-Day Free Trial				0.92	2.47	1.39	13.56	10.50

Competitive Comparison of Tallgrass Energy's Receivables Turnover

For the Oil & Gas E&P subindustry, Tallgrass Energy'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.

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

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

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

Tallgrass Energy Receivables Turnover Calculation

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

Tallgrass Energy's Receivables Turnover for the fiscal year that ended in Dec. 2012 is calculated as

	Receivables Turnover (A: Dec. 2012 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2012 )	/ (	(Accounts Receivable (A: Dec. 2011 )	+	Accounts Receivable (A: Dec. 2012 ))	/	count )
=	4.848	/ (	(0.29	+	0.633)	/	2 )
=	4.848	/	0.4615
=	10.50

Tallgrass Energy's Receivables Turnover for the quarter that ended in Dec. 2012 is calculated as

	Receivables Turnover (Q: Dec. 2012 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2012 )	/ (	(Accounts Receivable (Q: Dec. 2011 )	+	Accounts Receivable (Q: Dec. 2012 ))	/	count )
=	4.848	/ (	(0.29	+	0.633)	/	2 )
=	4.848	/	0.4615
=	10.50

Tallgrass Energy (FRA:TGV) 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.

Tallgrass Energy Receivables Turnover Related Terms

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Tallgrass Energy (FRA:TGV) Business Description

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Website

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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