Magellan Midstream Partners L P 's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the second quarter 2023 to a ratio of 87.59, above the company average. This is a clear sign of healthy business climate in the Natural Gas Utilities industry and improving liquidity at their respective customers, during the second quarter 2023. Average collection period, for Magellan Midstream Partners L P 's accounts receivable remained unchanged at 4 days, in the Jun 30 2023 quarter.

If we take a look into Utilities sector only one company was able to collect receivables faster. While total ranking has deteriorated relative to the period ending Jun 30 2023 from 174 to 180.

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What is Magellan Midstream Partners L P Selling?

What is Receivable Turnover Ratio?

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MMP Receivables Turnover Ratio	(Jun 30 2023) II. Quarter	(Mar 31 2023) I. Quarter	(Dec 31 2022) IV. Quarter	(Sep 30 2022) III. Quarter	(Jun 30 2022) II. Quarter
Y / Y Receivable Change	-11.9 %	1.71 %	28.32 %	31.32 %	1.22 %
Y / Y Revenue Change	11.24 %	28.9 %	10.48 %	37.09 %	20.65 %
Receivable Turnover Ratio (TTM)	87.59	82.92	78.44	81.32	80.7
MMP's Total Ranking	# 180	# 174	# 745	# 155	# 87
Accounts Receivable average collection period days	4	4	5	4	5
Seq. Receivable Change	-2.25 %	-19.82 %	0.23 %	12.15 %	12.86 %
Seq. Revenue Change	0.86 %	1.01 %	-1.72 %	11.1 %	16.88 %

Receivable Turnover Company Ranking
Within:	No.
Natural Gas Utilities Industry	# 0
Utilities Sector	# 2
Overall Market	# 180

Receivable Turnover Ratio Statistics
High	Average	Low
183.92	75.19	18.65
(Dec 31 2017)		(Sep 30 2015)

MMP Company Profile • Back to MMP Efficiency Comparisons • Compare MMP Receivables Turnover Ratio to its Competitors

Financial Statements
Magellan Midstream Partners L P 's Accounts Receivable	$ 35 Millions	Visit MMP's Balance sheet
Magellan Midstream Partners L P 's Sales TTM	$ 3,484 Millions	Visit MMP's Income Statement
Sources of MMP's Revenues		Visit MMP's Sales by Geography

Other Accounts Receivable Turnover Ratios
Natural Gas Utilities Industry Accounts Receivable Turnover Trends and Statistics
Utilities Sector Accounts Receivable Turnover Statistics
Accounts Receivables Turnover Trends for overall market
MMP's Receivable Turnover Ratio versus Natural Gas Utilities Industry, Utilities Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover

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MMP's Valuation Ratios	MMP's Roe	MMP's Financial Strength Ratios	MMP's Dividend Payout Ratio

Companies with similar Receivables Turnover Ratio for the quarter ending Jun 30 2023, within Utilities Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Jun 30 2023	Receivable at quarter ending Jun 30 2023
Magellan Midstream Partners L p	87.59	$ 3,484.000 Millions	$ 39.775 Millions
American States Water Co	26.19	$ 579.174 Millions	$ 22.111 Millions
Sempra	26.05	$ 16,967.000 Millions	$ 651.250 Millions
Hallador Energy Co	23.18	$ 586.683 Millions	$ 25.305 Millions
Enbridge Inc	22.57	$ 38,701.320 Millions	$ 1,714.473 Millions
Xcel Energy Inc	21.82	$ 27,168.000 Millions	$ 1,245.000 Millions
Cheniere Energy Inc	21.68	$ 29,349.000 Millions	$ 1,354.000 Millions

Date modified: 2026-08-29T17:26:09+00:00

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