Targa Resources Partners Lp's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the fourth quarter 2020 to a ratio of 13.44, 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 fourth quarter 2020. Average collection period, for Targa Resources Partners Lp's accounts receivable remained unchanged at 27 days, in the Dec 31 2020 quarter.

If we take a look into Utilities sector 7 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Dec 31 2020 from 1994 to 2003.

What is Receivable Turnover Ratio?
What is Targa Resources Partners Lp Selling?

What is Receivable Turnover Ratio?

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NGLS Receivables Turnover Ratio	(Dec 31 2020) IV. Quarter	(Sep 30 2020) III. Quarter	(Jun 30 2020) II. Quarter	(Mar 31 2020) I. Quarter	(Dec 31 2019) IV. Quarter
Y / Y Receivable Change	0.88 %	-17.92 %	-13.93 %	-41.69 %	-1.06 %
Y / Y Revenue Change	4 %	11.17 %	-23.65 %	-10.89 %	-4.76 %
Receivable Turnover Ratio (TTM)	13.44	13.32	12.31	12.6	11.62
NGLS's Total Ranking	# 2003	# 1994	# 1991	# 852	# 870
Accounts Receivable average collection period days	27	27	30	29	31
Seq. Receivable Change	41.47 %	11.42 %	24.87 %	-48.75 %	15.12 %
Seq. Revenue Change	21.64 %	38.83 %	-25.64 %	-17.18 %	30.03 %

Receivable Turnover Company Ranking
Within:	No.
Natural Gas Utilities Industry	# 3
Utilities Sector	# 8
Overall Market	# 2003

Receivable Turnover Ratio Statistics
High	Average	Low
1.44	0.98	0.46
(Sep 30 2014)		(Jun 30 2020)

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

Financial Statements
Targa Resources Partners Lp's Accounts Receivable	$ 863 Millions	Visit NGLS's Balance sheet
Targa Resources Partners Lp's Sales TTM	$ 8,260 Millions	Visit NGLS's Income Statement
Sources of NGLS's Revenues		Visit NGLS'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
NGLS'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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NGLS's Growth Rates	NGLS's Roa	NGLS's Inventory Turnover Ratio	NGLS's Dividend Comparisons
NGLS's Profitability Ratios	NGLS's Roi	NGLS's Asset Turnover Ratio	NGLS's Dividend Growth
NGLS's Valuation Ratios	NGLS's Roe	NGLS's Financial Strength Ratios	NGLS's Dividend Payout Ratio

Companies with similar Receivables Turnover Ratio for the quarter ending Dec 31 2020, within Utilities Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Dec 31 2020	Receivable at quarter ending Dec 31 2020
Duke Energy Corporation	26.21	$ 23,868.000 Millions	$ 910.750 Millions
Delek Logistics Partners Lp	26.16	$ 563.418 Millions	$ 21.534 Millions
Xcel Energy Inc	24.71	$ 21,328.000 Millions	$ 863.250 Millions
Transmontaigne Partners llc	20.47	$ 277.093 Millions	$ 13.537 Millions
Ocean Power Technologies Inc	20.00	$ 1.155 Millions	$ 0.058 Millions
Sempra	19.58	$ 11,370.000 Millions	$ 580.750 Millions
American States Water Co	17.97	$ 488.243 Millions	$ 27.171 Millions
Cheniere Energy Partners L p	17.90	$ 6,167.000 Millions	$ 344.500 Millions
Cheniere Energy Inc	17.40	$ 9,358.000 Millions	$ 537.750 Millions
Hallador Energy Co	17.08	$ 245.295 Millions	$ 14.358 Millions
Global Water Resources Inc	16.59	$ 38.627 Millions	$ 2.329 Millions
Atlantic Power Corporation	14.90	$ 513.600 Millions	$ 34.475 Millions
Mplx Lp	14.66	$ 7,378.000 Millions	$ 503.250 Millions
Collective Mining Ltd	13.73	$ 1,498.146 Millions	$ 109.137 Millions
Phillips 66 Partners Lp	13.66	$ 1,305.000 Millions	$ 95.500 Millions
Targa Resources Corp	13.44	$ 8,260.300 Millions	$ 614.475 Millions
Targa Resources Partners Lp	13.44	$ 8,260.300 Millions	$ 614.525 Millions
Evergy Inc	12.95	$ 4,913.400 Millions	$ 379.400 Millions
Oneok Inc	12.87	$ 8,542.242 Millions	$ 663.532 Millions
Ameren Corporation	12.76	$ 5,794.000 Millions	$ 454.250 Millions
Rattler Midstream Lp	12.68	$ 423.905 Millions	$ 33.434 Millions
Allete Inc	12.02	$ 1,169.100 Millions	$ 97.275 Millions
Centerpoint Energy Inc	11.93	$ 7,418.000 Millions	$ 622.000 Millions
Dcp Midstream Lp	11.85	$ 6,302.000 Millions	$ 531.750 Millions
The Southern Company	11.83	$ 20,375.000 Millions	$ 1,723.000 Millions
Pure Cycle Corporation	11.80	$ 20.262 Millions	$ 1.717 Millions
Bp Midstream Partners Lp	11.77	$ 128.900 Millions	$ 10.950 Millions
Otter Tail Corporation	11.73	$ 1,216.384 Millions	$ 103.685 Millions
Berkshire Hathaway Energy Company	11.65	$ 20,952.000 Millions	$ 1,799.000 Millions
Mge Energy Inc	11.50	$ 538.633 Millions	$ 46.825 Millions

Date modified: 2026-06-22T14:32:20+00:00

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