GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Kinetik Holdings Inc (NYSE:KNTK) » Definitions » Accounts Receivable

Kinetik Holdings (Kinetik Holdings) Accounts Receivable : $210 Mil (As of Mar. 2024)


View and export this data going back to 2022. Start your Free Trial

What is Kinetik Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Kinetik Holdings's accounts receivables for the quarter that ended in Mar. 2024 was $210 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Kinetik Holdings's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 56.10.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Kinetik Holdings's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-121.48.


Kinetik Holdings Accounts Receivable Historical Data

The historical data trend for Kinetik Holdings'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.

Kinetik Holdings Accounts Receivable Chart

Kinetik Holdings Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial 82.33 91.61 178.11 204.04 215.72

Kinetik Holdings Quarterly Data
Dec18 Dec19 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 199.03 181.54 230.57 215.72 209.88

Kinetik Holdings Accounts Receivable Calculation

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


Kinetik Holdings 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.

Kinetik Holdings's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=209.878/341.394*91
=56.10

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

Kinetik Holdings'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)
=(9.756+0.75 * 209.878+0.5 * 0-3796.35
-0-3624.67)/59.7125
=-121.48

* 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.


Kinetik Holdings Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Kinetik Holdings's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.


Kinetik Holdings (Kinetik Holdings) Business Description

Traded in Other Exchanges
N/A
Address
2700 Post Oak Boulevard, Suite 300, Houston, TX, USA, 77056-4400
Kinetik is a midstream operator that provides gathering and processing services to gas and oil producers as well as pipeline transportation. It operates exclusively in Texas, serving the Permian Basin and connecting fields with market hubs and other large pipelines. In addition to directly operating pipelines, Kinetik also holds ownership stakes in several pipelines that transport molecules to the Gulf Coast enabling it to obtain exposure to export markets and international demand.
Executives
Kevin S Mccarthy director C/O KAYNE ANDERSON CAPITAL ADVISORS, LP, 1800 AVENUE OF THE STARS, SECOND FLOOR, LOS ANGELES CA 90067
Jamie Welch director, officer: See Remarks 3738 OAK LAWN AVE., DALLAS TX 75219
Apache Corp 10 percent owner 2000 POST OAK BLVD, STE 100, HOUSTON TX 77056-4400
Trevor Howard officer: See Remark 2700 POST OAK BLVD., SUITE 300, HOUSTON TX 77056
Todd Carpenter officer: See Remarks 2001 BRYAN STREET, SUITE 3700, DALLAS TX 75201
Matthew Wall officer: Executive Vice President, COO 2700 POST OAK BLVD, SUITE 300, HOUSTON TX 77056
Steven Stellato officer: See Remarks 645 HAMILTON STREET, SUITE 500, ALLENTOWN PA 18101
Anne Psencik officer: Chief Strategy Officer 2700 POST OAK BLVD, SUITE 300, HOUSTON TX 77056
Jesse Krynak director 2700 POST OAK BLVD., SUITE 300, HOUSTON TX 77056
Deborah L Byers director C/O EXCELERATE ENERGY, INC., 2445 TECHNOLOGY FOREST BLVD., LEVEL 6, THE WOODLANDS TX 77381
Ronald Schweizer director 2700 POST OAK BLVD, SUITE 300, HOUSTON TX 77056
Bcp Vii/bep Ii Holdings Manager L.l.c. 10 percent owner C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Bcp Raptor Aggregator L.p. 10 percent owner 345 PARK AVENUE, 43RD FLOOR, NEW YORK NY 10154
I Squared Capital, Llc 10 percent owner 600 BRICKELL AVENUE, PENTHOUSE, MIAMI FL 33131-3067
John-paul Munfa director C/O THE BLACKSTONE GROUP, 345 PARK AVENUE, NEW YORK NY 10154