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Calumet Specialty Products Partners LP (Calumet Specialty Products Partners LP) Accounts Receivable : $252 Mil (As of Dec. 2023)


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What is Calumet Specialty Products Partners LP Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Calumet Specialty Products Partners LP's accounts receivables for the quarter that ended in Dec. 2023 was $252 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Calumet Specialty Products Partners LP's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 23.58.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Calumet Specialty Products Partners LP's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-35.32.


Calumet Specialty Products Partners LP Accounts Receivable Historical Data

The historical data trend for Calumet Specialty Products 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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Calumet Specialty Products Partners LP Accounts Receivable Chart

Calumet Specialty Products Partners LP Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 175.00 152.40 216.80 244.70 252.40

Calumet Specialty Products Partners LP Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 244.70 262.20 252.80 285.00 252.40

Calumet Specialty Products Partners LP Accounts Receivable Calculation

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


Calumet Specialty Products 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.

Calumet Specialty Products Partners LP's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=252.4/976.9*91
=23.58

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

Calumet Specialty Products Partners LP's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 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)
=(7.9+0.75 * 252.4+0.5 * 439.4-2996
-0-245.6)/79.9674
=-35.32

* 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.


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.


Calumet Specialty Products Partners LP Accounts Receivable Related Terms

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Calumet Specialty Products Partners LP (Calumet Specialty Products Partners LP) Business Description

Traded in Other Exchanges
N/A
Address
2780 Waterfront Parkway East Drive, Suite 200, Indianapolis, IN, USA, 46214
Calumet Specialty Products Partners LP is an independent producer of specialty hydrocarbon products in North America. The company operates through three segments namely Specialty Products and Solutions segment manufacture and market solvents, waxes, customized lubricating oils, white oils, petrolatum's, gels, esters, and other products. In Performance Brands segment, the company blend, package and market high performance products through its Royal Purple, Bel-Ray, and TruFuel brands. The Montana/Renewables segment is comprised of two businesses - renewable diesel and specialty asphalt. The Corporate segment primarily consists of general and administrative expenses not allocated to the Specialty Products and Solutions, Performance Brands or Montana/Renewables segments.
Executives
Stephen P Mawer director 2780 WATERFRONT PKWY E. DRIVE, SUITE 200, INDIANAPOLIS IN 46214
John G. Boss director 260 HUDSON RIVER ROAD, WATERFORD NY 12188
Ryan Willman officer: Chief Accounting Officer 2780 WATERFRONT PKWY E. DR., STE. 200, INDIANAPOLIS IN 46214
Scott Obermeier officer: EVP - Commercial 2780 WATERFRONT PARKWAY, E. DRIVE, INDIANAPOLIS IN 46214
Daniel J Sajkowski director 5400 WEST 86TH STREET, INDIANAPOLIS IN 46268
James S Carter director 2780 WATERFRONT PKWY. E. DRIVE, SUITE 200, INDIANPOLIS IN 46214
Louis Todd Borgmann officer: SVP and Interim CFO 2780 WATERFRONT PARKWAY, E. DRIVE, SUITE 200, INDIANAPOLIS IN 46214
Karen A. Twitchell director 9 COURTLANDT PLACE, HOUSTON TX 77006
Marc Lawn officer: EVP - Performance Brands 2780 WATERFRONT PKWY E. DRIVE, SUITE 200, INDIANAPOLIS IN 46214
Paul C Raymond director HERCULES PLAZA, 1313 N MARKET STREET, WILMINGTON DE 19894
Vincent Donargo officer: Chief Accounting Officer ONE CELADON DRIVE, 9503 E. 33RD STREET, INDIANAPOLIS IN 46235
H. Keith Jennings officer: Chief Financial Officer 2000 ST. JAMES PLACE, HOUSTON TX 77056
A Anderson William officer: VP - Sales and Marketing 2780 WATERFRONT PARKWAY E. DRIVE,, SUITE 200, INDIANAPOLIS IN 46214
Daniel L Sheets director 29400 LAKELAND BOULEVARD, WICKLIFFE OH 44092
David West Griffin officer: EVP and CFO 2780 WATERFRONT PARKWAY E. DRIVE, SUITE 200, INDIANAPOLIS IN 46214