Noble Midstream Partners Lp's ability to collect accounts receivable sequentially worsen to 9.83, pointing to a challenging and on top of that deteriorating business climate for the Natural Gas Utilities industry. Noble Midstream Partners Lp's Accounts Receivable average collection period in the Mar 31 2021 quarter, has increased to 37 days, from 36 days, in the Dec 31 2020 quarter.

If we take a look into Utilities sector 50 other companies have achieved higher receivables turnover ratio. While receivables turnover ratio total ranking has improved thus far to 1220, from overall ranking in the fourth quarter 2020 at 2591.

What is Receivable Turnover Ratio?
What is Noble Midstream Partners Lp Selling?

What is Receivable Turnover Ratio?

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NBLX Receivables Turnover Ratio	(Mar 31 2021) I. Quarter	(Dec 31 2020) IV. Quarter	(Sep 30 2020) III. Quarter	(Jun 30 2020) II. Quarter	(Mar 31 2020) I. Quarter
Y / Y Receivable Change	43.14 %	16.3 %	54.82 %	-61.66 %	21.7 %
Y / Y Revenue Change	24.25 %	8.65 %	10.66 %	-7.78 %	51.42 %
Receivable Turnover Ratio (TTM)	9.83	10.23	10.5	11.61	10.19
NBLX's Total Ranking	# 1220	# 2591	# 1207	# 1202	# 2591
Accounts Receivable average collection period days	37	36	35	31	36
Seq. Receivable Change	13.25 %	7.03 %	279.85 %	-68.91 %	-7.98 %
Seq. Revenue Change	34.31 %	10.62 %	28.38 %	-34.86 %	17.45 %

Receivable Turnover Company Ranking
Within:	No.
Natural Gas Utilities Industry	# 28
Utilities Sector	# 51
Overall Market	# 1220

Receivable Turnover Ratio Statistics
High	Average	Low
12.2	10.08	9.4
(Jun 30 2020)		(Mar 31 2018)

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

Financial Statements
Noble Midstream Partners Lp's Accounts Receivable	$ 114 Millions	Visit NBLX's Balance sheet
Noble Midstream Partners Lp's Sales TTM	$ 819 Millions	Visit NBLX's Income Statement
Sources of NBLX's Revenues		Visit NBLX'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
NBLX'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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NBLX's Valuation Ratios	NBLX's Roe	NBLX's Financial Strength Ratios	NBLX's Dividend Payout Ratio

Companies with similar Receivables Turnover Ratio for the quarter ending Mar 31 2021, within Utilities Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Mar 31 2021	Receivable at quarter ending Mar 31 2021
American States Water Co	18.11	$ 496.226 Millions	$ 27.406 Millions
Atlantic Power Corporation	17.59	$ 581.400 Millions	$ 33.050 Millions
Global Water Resources Inc	17.17	$ 39.655 Millions	$ 2.310 Millions
Ameren Corporation	16.87	$ 5,920.000 Millions	$ 351.000 Millions
Cheniere Energy Partners L p	16.53	$ 6,412.000 Millions	$ 388.000 Millions
Cheniere Energy Inc	16.52	$ 9,739.000 Millions	$ 589.500 Millions
Hallador Energy Co	15.73	$ 229.452 Millions	$ 14.591 Millions
Evergy Inc	14.18	$ 5,408.600 Millions	$ 381.325 Millions
Oge Energy Corp	13.61	$ 3,321.600 Millions	$ 244.100 Millions
Collective Mining Ltd	13.14	$ 1,545.569 Millions	$ 117.633 Millions
Targa Resources Corp	13.05	$ 9,844.100 Millions	$ 754.225 Millions
Phillips 66 Partners Lp	12.96	$ 1,290.000 Millions	$ 99.500 Millions
Oneok Inc	12.52	$ 9,600.249 Millions	$ 766.636 Millions
The Southern Company	12.15	$ 21,267.000 Millions	$ 1,750.000 Millions
Mplx Lp	11.92	$ 7,936.000 Millions	$ 666.000 Millions
Allete Inc	11.87	$ 1,196.700 Millions	$ 100.800 Millions
Bp Midstream Partners Lp	11.78	$ 127.800 Millions	$ 10.850 Millions
Dcp Midstream Lp	11.75	$ 6,963.000 Millions	$ 592.750 Millions
Nustar Energy L p	11.74	$ 1,450.419 Millions	$ 123.521 Millions
Stabilis Solutions Inc	11.72	$ 45.376 Millions	$ 3.871 Millions
Mge Energy Inc	11.59	$ 556.675 Millions	$ 48.025 Millions
Berkshire Hathaway Energy Company	11.48	$ 22,506.000 Millions	$ 1,960.000 Millions
Crestwood Equity Partners Lp	11.45	$ 2,559.100 Millions	$ 223.475 Millions
Kinder Morgan Inc	11.19	$ 13,805.000 Millions	$ 1,233.250 Millions
Pinnacle West Capital Corporation	11.13	$ 3,621.527 Millions	$ 325.459 Millions
Venture Global Inc	11.11	$ 1,283.377 Millions	$ 115.499 Millions
Pure Cycle Corporation	11.05	$ 21.483 Millions	$ 1.944 Millions
New Jersey Resources Corporation	10.90	$ 1,955.510 Millions	$ 179.441 Millions
Southwest Gas Holdings Inc	10.87	$ 5,498.775 Millions	$ 505.967 Millions
Txnm Energy Inc	10.82	$ 1,554.097 Millions	$ 143.568 Millions

Date modified: 2023-03-24T03:58:29+00:00

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