USA Compression Partners LP (USA Compression Partners LP) Accounts Receivable : $100.7 Mil (As of Mar. 2024)

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What is USA Compression Partners LP Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. USA Compression Partners LP's accounts receivables for the quarter that ended in Mar. 2024 was $100.7 Mil.

Accounts receivable can be measured by Days Sales Outstanding. USA Compression Partners LP's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 40.08.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. USA Compression Partners LP's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-24.49.

USA Compression Partners LP Accounts Receivable Historical Data

The historical data trend for USA Compression 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.

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USA Compression Partners LP Accounts Receivable Chart

USA Compression Partners LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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80.28

63.73

68.21

83.82

95.42

USA Compression Partners LP Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial															80.21	86.81	96.89	95.42	100.70

USA Compression Partners LP Accounts Receivable Calculation

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

USA Compression 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.

USA Compression Partners LP's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	100.704	/	229.276	*	91
=	40.08

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

USA Compression Partners LP's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 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)
=	(0.008	+	0.75 * 100.704	+	0.5 * 129.323	-	2662.387
-	0	-	0)	/	103.002
=	-24.49

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.

USA Compression Partners LP Accounts Receivable Related Terms

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USA Compression Partners LP (USA Compression Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » USA Compression Partners LP (NYSE:USAC) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

111 Congress Avenue, Suite 2400, Austin, TX, USA, 78701

Website

https://www.usacompression.com

USA Compression Partners LP provides compression services in the United States in terms of total compression fleet horsepower to customers relating to infrastructure applications, including both allowing for the processing and transportation of natural gas through the domestic pipeline system and enhancing crude oil production through artificial lift processes. It engineers, designs, operates, services, and repairs its compression units, and maintains related support inventory and equipment. The company provides compression services in several shale plays throughout the U.S., including the Utica, Marcellus, Permian Basin, Delaware Basin, Eagle Ford, and others.

Executives

Eig Veteran Equity Aggregator, L.p.	director	1700 PENNSYLVANIA AVENUE, NW, SUITE 800, WASHINGTON DC 20006
Christopher W Porter	officer: SEE REMARKS	111 CONGRESS AVE., SUITE 2400, AUSTIN TX 78701
Eric D Long	director, officer: See Remarks	111 CONGRESS AVE., SUITE 2400, AUSTIN TX 78701
Michael C Pearl	officer: See Remarks	1201 LAKE ROBBINS DRIVE, THE WOODLANDS TX 77380-7046
Sean T Kimble	officer: SEE REMARKS	111 CONGRESS AVE., SUITE 2400, AUSTIN TX 78701
Bradford D. Whitehurst	director, See Remarks	100 CONGRESS AVENUE, SUITE 450, AUSTIN TX 78701
W Brett Smith	director	508 W WALL AVE., SUITE 500, MIDLAND TX 79701
Eric A Scheller	officer: See Remarks	111 CONGRESS AVE, SUITE 2400, AUSTIN TX 78701
Energy Transfer Lp	10 percent owner	8111 WESTCHESTER DRIVE, SUITE 600, DALLAS TX 75225
Le Gp Llc	10 percent owner
Energy Transfer Operating, L.p.	10 percent owner	8111 WESTCHESTER DRIVE, SUITE 600, DALLAS TX 75225
Energy Transfer Partners Gp, L.p.	10 percent owner	3738 OAK LAWN AVE., DALLAS TX 75219
Energy Transfer Partners, L.l.c.	10 percent owner	3738 OAK LAWN AVE., DALLAS TX 75219
Kelcy L Warren	10 percent owner
William G Manias	director	GULFTERRA ENERGY PARTNERS, 4 GREENWAY PLAZA, HOUSTON TX 77046