Enterprise Products Partners LP (LTS:0S23) Receivables Turnover : 1.64 (As of Sep. 2024)

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What is Enterprise Products Partners 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. Enterprise Products Partners LP's Revenue for the three months ended in Sep. 2024 was $13,775 Mil. Enterprise Products Partners LP's average Accounts Receivable for the three months ended in Sep. 2024 was $8,422 Mil. Hence, Enterprise Products Partners LP's Receivables Turnover for the three months ended in Sep. 2024 was 1.64.

Enterprise Products Partners LP Receivables Turnover Historical Data

The historical data trend for Enterprise Products 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.

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Enterprise Products Partners LP Receivables Turnover Chart

Enterprise Products Partners LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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7.69

5.62

6.93

8.35

6.75

Enterprise Products Partners LP Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															1.84	1.99	1.92	1.66	1.64

Competitive Comparison of Enterprise Products Partners LP's Receivables Turnover

For the Oil & Gas Midstream subindustry, Enterprise Products 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.

Enterprise Products Partners LP's Receivables Turnover Distribution in the Oil & Gas Industry

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

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

Enterprise Products Partners LP Receivables Turnover Calculation

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

Enterprise Products Partners 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 )
=	49715	/ (	(6964	+	7765)	/	2 )
=	49715	/	7364.5
=	6.75

Enterprise Products Partners LP's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	13775	/ (	(8647	+	8197)	/	2 )
=	13775	/	8422
=	1.64

Enterprise Products Partners LP (LTS:0S23) 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.

Enterprise Products Partners LP Receivables Turnover Related Terms

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Enterprise Products Partners LP Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Enterprise Products Partners LP (LTS:0S23) » Definitions » Receivables Turnover

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EPD:USA

Address

1100 Louisiana Street, 10th Floor, Houston, TX, USA, 77002

Website

https://www.enterpriseproducts.com

Enterprise Products Partners is a master limited partnership that transports and processes natural gas, natural gas liquids, crude oil, refined products, and petrochemicals. It is one of the largest midstream companies, with operations servicing most producing regions in the Lower 48 states. Enterprise is particularly dominant in the NGL market and is one of the few MLPs that provide midstream services across the full hydrocarbon value chain.

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