Phillips 66 Partners Lp's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the fourth quarter 2021 to a ratio of 10.51, 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 2021. Average collection period, for Phillips 66 Partners Lp's accounts receivable remained unchanged at 35 days, in the Dec 31 2021 quarter.

If we take a look into Utilities sector 90 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Dec 31 2021 from 821 to 3394.

What is Receivable Turnover Ratio?
What is Phillips 66 Partners Lp Selling?

What is Receivable Turnover Ratio?

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PSXP Receivables Turnover Ratio	(Dec 31 2021) IV. Quarter	(Sep 30 2021) III. Quarter	(Jun 30 2021) II. Quarter	(Mar 31 2021) I. Quarter	(Dec 31 2020) IV. Quarter
Y / Y Receivable Change	18.87 %	15.91 %	4.12 %	17.58 %	4.95 %
Y / Y Revenue Change	24.91 %	6.79 %	16.18 %	-5.62 %	-8.93 %
Receivable Turnover Ratio (TTM)	10.51	10.38	10.57	10.28	10.87
PSXP's Total Ranking	# 3394	# 821	# 1296	# 1290	# 801
Accounts Receivable average collection period days	35	35	35	36	34
Seq. Receivable Change	23.53 %	0.99 %	-5.61 %	0.94 %	20.45 %
Seq. Revenue Change	16.96 %	1.07 %	11.11 %	-4.91 %	0 %

Receivable Turnover Company Ranking
Within:	No.
Natural Gas Utilities Industry	# 40
Utilities Sector	# 91
Overall Market	# 3394

Receivable Turnover Ratio Statistics
High	Average	Low
0.25	0.18	0.01
(Sep 30 2017)		(Dec 31 2018)

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

Financial Statements
Phillips 66 Partners Lp's Accounts Receivable	$ 126 Millions	Visit PSXP's Balance sheet
Phillips 66 Partners Lp's Sales TTM	$ 1,146 Millions	Visit PSXP's Income Statement
Sources of PSXP's Revenues		Visit PSXP'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
PSXP'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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PSXP's Growth Rates	PSXP's Roa	PSXP's Inventory Turnover Ratio	PSXP's Dividend Comparisons
PSXP's Profitability Ratios	PSXP's Roi	PSXP's Asset Turnover Ratio	PSXP's Dividend Growth
PSXP's Valuation Ratios	PSXP's Roe	PSXP's Financial Strength Ratios	PSXP's Dividend Payout Ratio

Companies with similar Receivables Turnover Ratio for the quarter ending Dec 31 2021, within Utilities Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Dec 31 2021	Receivable at quarter ending Dec 31 2021
Xcel Energy Inc	24.97	$ 24,636.000 Millions	$ 986.750 Millions
Cheniere Energy Partners L p	23.64	$ 9,434.000 Millions	$ 399.000 Millions
Global Water Resources Inc	22.19	$ 41.914 Millions	$ 1.889 Millions
Blueknight Energy Partners L.p.	22.14	$ 115.417 Millions	$ 5.214 Millions
Edenor	21.79	$ 7,261.611 Millions	$ 333.183 Millions
Oge Energy Corp	20.37	$ 3,653.700 Millions	$ 179.325 Millions
Collective Mining Ltd	19.00	$ 1,745.929 Millions	$ 91.869 Millions
Evergy Inc	18.58	$ 5,586.700 Millions	$ 300.650 Millions
Mplx Lp	17.20	$ 10,027.000 Millions	$ 583.000 Millions
Hallador Energy Co	17.06	$ 247.666 Millions	$ 14.514 Millions
Cheniere Energy Inc	16.80	$ 15,864.000 Millions	$ 944.250 Millions
Idacorp Inc	16.65	$ 1,458.084 Millions	$ 87.592 Millions
Targa Resources Corp	14.99	$ 16,949.800 Millions	$ 1,130.450 Millions
Duke Energy Corporation	14.82	$ 25,097.000 Millions	$ 1,693.500 Millions
California Water Service Group	14.76	$ 813.670 Millions	$ 55.120 Millions
Txnm Energy Inc	14.53	$ 1,779.873 Millions	$ 122.530 Millions
Mge Energy Inc	14.27	$ 606.584 Millions	$ 42.506 Millions
Montauk Renewables Inc	14.22	$ 148.127 Millions	$ 10.419 Millions
Hawaiian Electric Industries inc	13.76	$ 2,850.379 Millions	$ 207.212 Millions
Essential Utilities Inc	13.74	$ 1,878.144 Millions	$ 136.713 Millions
Oneok Inc	13.39	$ 16,540.309 Millions	$ 1,235.322 Millions
Crestwood Equity Partners Lp	13.33	$ 4,569.000 Millions	$ 342.675 Millions
York Water Co	13.13	$ 55.119 Millions	$ 4.198 Millions
Sunnova Energy International Inc	13.12	$ 241.752 Millions	$ 18.428 Millions
American Water Works Company Inc	13.06	$ 3,930.000 Millions	$ 301.000 Millions
Allete Inc	12.54	$ 1,419.200 Millions	$ 113.150 Millions
Boardwalk Pipeline Partners Lp	12.40	$ 1,340.100 Millions	$ 108.075 Millions
Centerpoint Energy Inc	12.06	$ 8,352.000 Millions	$ 692.750 Millions
Nustar Energy L p	12.03	$ 1,618.500 Millions	$ 134.540 Millions
Dcp Midstream Lp	11.97	$ 10,707.000 Millions	$ 894.750 Millions

Date modified: 2026-10-15T05:23:28+00:00

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