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Spectra Energy Partners LP (Spectra Energy Partners LP) Accounts Receivable : $322 Mil (As of Sep. 2018)


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What is Spectra Energy Partners LP Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Spectra Energy Partners LP's accounts receivables for the quarter that ended in Sep. 2018 was $322 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Spectra Energy Partners LP's Days Sales Outstanding for the quarter that ended in Sep. 2018 was 39.87.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Spectra Energy Partners LP's Net-Net Working Capital per share for the quarter that ended in Sep. 2018 was $-21.33.


Spectra Energy Partners LP Accounts Receivable Historical Data

The historical data trend for Spectra Energy Partners LP's Accounts Receivable 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.

* Premium members only.

Spectra Energy Partners LP Accounts Receivable Chart

Spectra Energy Partners LP Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 356.00 306.00 272.00 386.00 382.00

Spectra Energy Partners LP Quarterly Data
Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 382.00 336.00 326.00 322.00

Spectra Energy Partners LP Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.


Spectra Energy Partners LP Accounts Receivable Explanation

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.

Spectra Energy Partners LP's Days Sales Outstanding for the quarter that ended in Sep. 2018 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=322/737*91
=39.87

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Spectra Energy Partners LP's accounts receivable are only considered to be worth 75% of book value:

Spectra Energy Partners LP's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2018 is calculated as:

Net-Net Working Capital Per Share
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(156+0.75 * 322+0.5 * 55-10409
-0-358)/484.9
=-21.33

* 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.


Spectra Energy Partners LP Accounts Receivable Related Terms

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Spectra Energy Partners LP (Spectra Energy Partners LP) Business Description

Traded in Other Exchanges
N/A
Address
Spectra Energy Partners is a master limited partnership that is majority owned by its general partner and corporate parent, Enbridge, a Canadian energy company. SEP owns more than 15,000 miles of natural gas and oil pipelines in the U.S. and Canada. It also owns 170 billion cubic feet of gas storage and 5.6 million barrels of crude oil storage, as well as gas- and oil-gathering facilities.
Executives
Michael G Morris director AMERICAN ELECTRIC POWER, 1 RIVERSIDE PLAZA, COLUMBUS OH 43215
J D Woodward director
William T. Yardley director, officer: President & Chairman 5400 WESTHEIMER COURT, HOUSTON TX 77056
Nora Mead Brownell director C/O COMVERGE, INC., 120 EAGLE ROCK AVENUE, SUITE 190, EAST HANOVER NJ 07936
Laura Buss Sayavedra director, officer: See Remarks 5400 WESTHEIMER COURT, HOUSTON TX 77056
Stephen J Neyland officer: Vice President-Finance 5400 WESTHEIMER COURT, HOUSTON TX 77056
John K Whelen director 425 - 1ST STREET SW, CALGARY A0 T2P 3L8
Vernon D Yu director, officer: Chief Development Officer 425 - 1ST STREET SW, CALGARY A0 T2P 3L8
Allen C Capps officer: Controller 5400 WESTHEIMER COURT, HOUSTON TX 77056-5310
Gregory L Ebel director, officer: President & CEO
Fred J Fowler director C/O DCP MIDSTREAM, 370 17TH STREET, SUITE 2500, DENVER CO 80202
Julie Dill director 1301 RIVERPLACE BOULEVARD, SUITE 2300, JACKSONVILLE FL 32207
Dorothy M Ables director 5400 WESTHEIMER COURT, HOUSTON TX 77056
Reginald D Hedgebeth officer: General Counsel 9950 MAYLAND DRIVE, RICHMOND VA 23233
Steven D Arnold director 5400 WESTHEIMER COURT, HOUSTON TX 77056

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