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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. Magellan Midstream Partners LP's Revenue for the three months ended in Jun. 2023 was $877 Mil. Magellan Midstream Partners LP's average Accounts Receivable for the three months ended in Jun. 2023 was $165 Mil. Hence, Magellan Midstream Partners LP's Receivables Turnover for the three months ended in Jun. 2023 was 5.32.
The historical data trend for Magellan 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.
Magellan Midstream Partners LP Annual Data | |||||||||||||||||||||
Trend | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
Receivables Turnover | Get a 7-Day Free Trial | 23.27 | 22.66 | 20.28 | 22.89 | 18.03 |
Magellan Midstream Partners LP Quarterly Data | ||||||||||||||||||||
Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | |
Receivables Turnover | Get a 7-Day Free Trial | 5.84 | 5.49 | 4.32 | 4.58 | 5.32 |
For the Oil & Gas Midstream subindustry, Magellan 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.
For the Oil & Gas industry and Energy sector, Magellan Midstream Partners LP's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Magellan Midstream Partners LP's Receivables Turnover falls into.
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Magellan Midstream Partners LP's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as
Receivables Turnover (A: Dec. 2022 ) | |||||||
= | Revenue | / | Average Total Inventories | ||||
= | Revenue (A: Dec. 2022 ) | / ( | (Accounts Receivable (A: Dec. 2021 ) | + | Accounts Receivable (A: Dec. 2022 )) | / | count ) |
= | 3200.4 | / ( | (135.2 | + | 219.9) | / | 2 ) |
= | 3200.4 | / | 177.55 | ||||
= | 18.03 |
Magellan Midstream Partners LP's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as
Receivables Turnover (Q: Jun. 2023 ) | |||||||
= | Revenue | / | Average Total Inventories | ||||
= | Revenue (Q: Jun. 2023 ) | / ( | (Accounts Receivable (Q: Mar. 2023 ) | + | Accounts Receivable (Q: Jun. 2023 )) | / | count ) |
= | 877.2 | / ( | (160.2 | + | 169.5) | / | 2 ) |
= | 877.2 | / | 164.85 | ||||
= | 5.32 |
* 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.
Magellan Midstream Partners LP (NYSE:MMP) 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.
Thank you for viewing the detailed overview of Magellan Midstream Partners LP's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
James R Hoskin | officer: Senior Vice President | ONE WILLIAMS CENTER, SUITE 2800, TULSA OK 74172 |
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Michael N Mears | officer: Vice President | ONE WILLIAMS CENTER, MD 28-1, TULSA OK 74172 |
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