Westlake Chemical Partners LP (Westlake Chemical Partners LP) Days Sales Outstanding : 6.29 (As of Mar. 2024)

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What is Westlake Chemical Partners LP Days Sales Outstanding?

Westlake Chemical Partners LP's average Accounts Receivable for the three months ended in Mar. 2024 was $20 Mil. Westlake Chemical Partners LP's Revenue for the three months ended in Mar. 2024 was $285 Mil. Hence, Westlake Chemical Partners LP's Days Sales Outstanding for the three months ended in Mar. 2024 was 6.29.

The historical rank and industry rank for Westlake Chemical Partners LP's Days Sales Outstanding or its related term are showing as below:

WLKP' s Days Sales Outstanding Range Over the Past 10 Years
Min: 2.53 Med: 4.44 Max: 15.06
Current: 15.06

During the past 13 years, Westlake Chemical Partners LP's highest Days Sales Outstanding was 15.06. The lowest was 2.53. And the median was 4.44.

WLKP's Days Sales Outstanding is ranked better than
94.5% of 1527 companies
in the Chemicals industry
Industry Median: 64.08 vs WLKP: 15.06

Westlake Chemical Partners LP's Days Sales Outstanding declined from Mar. 2023 (12.93) to Mar. 2024 (6.29).

Westlake Chemical Partners LP Days Sales Outstanding Historical Data

The historical data trend for Westlake Chemical Partners LP's Days Sales Outstanding 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.

Westlake Chemical Partners LP Days Sales Outstanding Chart

Westlake Chemical Partners LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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4.29

3.83

2.53

2.79

5.19

Westlake Chemical Partners LP Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial															12.93	22.24	18.86	13.54	6.29

Competitive Comparison of Westlake Chemical Partners LP's Days Sales Outstanding

For the Chemicals subindustry, Westlake Chemical Partners LP's Days Sales Outstanding, along with its competitors' market caps and Days Sales Outstanding 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.

Westlake Chemical Partners LP's Days Sales Outstanding Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Westlake Chemical Partners LP's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Westlake Chemical Partners LP's Days Sales Outstanding falls into.

Westlake Chemical Partners LP Days Sales Outstanding Calculation

Days Sales Outstanding measures 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 Receivable are being managed.

Accounts Receivable can be measured by Days Sales Outstanding.

Westlake Chemical Partners LP's Days Sales Outstanding for the fiscal year that ended in Dec. 2023 is calculated as

	Days Sales Outstanding (A: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (18.533	+	15.344)	/	2 )	/	1190.791	*	365
=	16.9385					/	1190.791	*	365
=	5.19

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

	Days Sales Outstanding (Q: Mar. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )	/	Revenue (A: Mar. 2024 )	*	Days in Period
=	( (15.344	+	23.871)	/	2 )	/	284.673	*	365 / 4
=	19.6075					/	284.673	*	365 / 4
=	6.29

Westlake Chemical Partners LP (NYSE:WLKP) Days Sales Outstanding Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.

Westlake Chemical Partners LP Days Sales Outstanding Related Terms

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Westlake Chemical Partners LP (Westlake Chemical Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Westlake Chemical Partners LP (NYSE:WLKP) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

2801 Post Oak Boulevard, Suite 600, Houston, TX, USA, 77056

Website

https://www.wlkpartners.com

Westlake Chemical Partners LP is a part of the chemical industry in the United States. Its operations are conducted through OpCo, it acquires and develop ethyelene production facilities, which convert ethane into ethylene. OpCo sells ethylene and its co-products such as propylene, crude butadiene, pyrolysis gasoline, and hydrogen to Westlake and other customers located in the United States. Its assets include three ethylene production facilities in Calvert City, Kentucky, and Lake Charles, Louisiana.

Executives

Andrew Kenner	officer: SVP, Olefin Material & Corp Pr	2801 POST OAK BLVD, SUITE 600, HOUSTON TX 77056
Randy Woelfel	director	3411-3433 W. EL SEGUNDO BLVD., HAWTHORNE CA 90250
G Stephen Finley	director	9320 LAKESIDE BOULEVARD, SUITE 100, THE WOODLANDS TX 77381
Lisa A. Friel	director	2611 PLUM HOLLOW, SAN ANTONIO TX 78258
James Chao	director, 10 percent owner	2801 POST OAK BLVD, SUITE 600, HOUSTON TX 77056
Thomas J. Janssens	officer: VP, Olefins Feedstock & Energy	2801 POST OAK BLVD., SUITE 600, HOUSTON TX 77056
Johnathan Stevan Zoeller	officer: VP and CAO	2801 POST OAK BLVD., SUITE 600, HOUSTON TX 77056
Albert Chao	director, 10 percent owner, officer: President & CEO	2801 POST OAK BLVD, SUITE 600, HOUSTON TX 77056
L. Benjamin Ederington	director, officer: VP, General Counsel	2801 POST OAK BLVD, SUITE 600, HOUSTON TX 77056
Mark Steven Bender	director, officer: Sr VP, CFO	2801 POST OAK BLVD, SUITE 600, HOUSTON TX 77056
Lawrence E. Teel	officer: SVP, Olefins	2801 POST OAK BLVD, SUITE 600, HOUSTON TX 77056
Ttwfgp Llc	10 percent owner	2801 POST OAK BLVD, SUITE 600, HOUSTON TX 77056
David Lumpkins	director	600 TRAVIS STREET, SUITE 3250, HOUSTON TX 77002
Angela A Minas	director	3262 WESTHEIMER ROAD #627, HOUSTON TX 77098
Blackstone Securities Partners L.p.	10 percent owner	345 PARK AVENUE, NEW YORK NY 10154-0191