What is Targa Resources Partners LP Accounts Receivable?
Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Targa Resources Partners LP's accounts receivables for the quarter that ended in Sep. 2020 was $610 Mil.
Accounts receivable can be measured by Days Sales Outstanding.
Targa Resources Partners LP's Days Sales Outstanding for the quarter that ended in Sep. 2020 was 26.31.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Targa Resources Partners LP's Net-Net Working Capital per share for the quarter that ended in Sep. 2020 was $-62.22.
Targa Resources Partners LP Accounts Receivable Historical Data
* 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.
1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of 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 receivables are being managed.
Targa Resources Partners LP's Days Sales Outstanding for the quarter that ended in Sep. 2020 is calculated as:
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Targa Resources Partners LP's accounts receivable are only considered to be worth 75% of book value:
Targa Resources Partners LP's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2020 is calculated as:
* 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.
Be Aware
Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.
If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.
Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.
Targa Resources Partners LP Accounts Receivable Related Terms
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Targa Resources Partners LP (Targa Resources Partners LP) Business Description
Targa Resources Partners LP is a midstream natural gas company. It mainly operates, acquires and develop a diversified portfolio of complementary midstream energy assets. The company acts as a provider of midstream natural gas and NGL (Natural Gas Liquids) services as well as crude oil gathering and petroleum terminaling. The company's business activities include gathering, compressing, treating, processing and selling natural gas, storing, fractionating, treating, transporting and selling NGLs and NGL products, including services to LPG (Liquefied Petroleum Gas) exporters; gathering, storing and terminaling crude oil, and storing, terminaling and selling refined petroleum products. Targa divides its business into two segments Gathering and Processing, and Logistics and Transportation.
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