QEP Midstream Partners LP (FRA:1QM) Receivables Turnover : 2.43 (As of Mar. 2015)

View and export this data going back to . Start your Free Trial

What is QEP Midstream 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. QEP Midstream Partners LP's Revenue for the three months ended in Mar. 2015 was €32.3 Mil. QEP Midstream Partners LP's average Accounts Receivable for the three months ended in Mar. 2015 was €13.3 Mil. Hence, QEP Midstream Partners LP's Receivables Turnover for the three months ended in Mar. 2015 was 2.43.

QEP Midstream Partners LP Receivables Turnover Historical Data

The historical data trend for QEP Midstream 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.

* Premium members only.

QEP Midstream Partners LP Receivables Turnover Chart

QEP Midstream Partners LP Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Receivables Turnover

4.45

4.16

1.78

12.02

QEP Midstream Partners LP Quarterly Data
	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15
Receivables Turnover	Get a 7-Day Free Trial									1.00	0.80	1.06	2.80	2.43

Competitive Comparison of QEP Midstream Partners LP's Receivables Turnover

For the Oil & Gas Midstream subindustry, QEP Midstream 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.

QEP Midstream Partners LP's Receivables Turnover Distribution in the Oil & Gas Industry

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

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

QEP Midstream Partners LP Receivables Turnover Calculation

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

QEP Midstream Partners LP's Receivables Turnover for the fiscal year that ended in Dec. 2014 is calculated as

	Receivables Turnover (A: Dec. 2014 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2014 )	/ (	(Accounts Receivable (A: Dec. 2013 )	+	Accounts Receivable (A: Dec. 2014 ))	/	count )
=	99.915	/ (	(6.643	+	9.975)	/	2 )
=	99.915	/	8.309
=	12.02

QEP Midstream Partners LP's Receivables Turnover for the quarter that ended in Mar. 2015 is calculated as

	Receivables Turnover (Q: Mar. 2015 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2015 )	/ (	(Accounts Receivable (Q: Dec. 2014 )	+	Accounts Receivable (Q: Mar. 2015 ))	/	count )
=	32.34	/ (	(9.975	+	16.632)	/	2 )
=	32.34	/	13.3035
=	2.43

QEP Midstream Partners LP (FRA:1QM) 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.

QEP Midstream Partners LP Receivables Turnover Related Terms

Thank you for viewing the detailed overview of QEP Midstream Partners LP's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

QEP Midstream Partners LP (FRA:1QM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » QEP Midstream Partners LP (FRA:1QM) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.qepm.com

QEP Midstream Partners LP provides gathering, compression and transportation services to producers and users of natural gas and crude oil. Its assets consist of ownership interests in four gathering systems and two FERC-regulated pipelines. Its assets are located in the Green River Basin located in Wyoming and Colorado, the Uinta Basin located in eastern Utah, and the portion of the Williston Basin located in North Dakota. The company derives revenues from the fee-based agreements.

QEP Midstream Partners LP (FRA:1QM) Headlines

No Headlines