Inergy Midstream LP (Inergy Midstream LP) Cost of Goods Sold : $1,623 Mil (TTM As of Jun. 2015)

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What is Inergy Midstream LP Cost of Goods Sold?

Inergy Midstream LP's cost of goods sold for the three months ended in Jun. 2015 was $316 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Jun. 2015 was $1,623 Mil.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Inergy Midstream LP's Gross Margin % for the three months ended in Jun. 2015 was 33.93%.

Cost of Goods Sold is also directly linked to Inventory Turnover. Inergy Midstream LP's Inventory Turnover for the three months ended in Jun. 2015 was 28.74.

Inergy Midstream LP Cost of Goods Sold Historical Data

The historical data trend for Inergy Midstream LP's Cost of Goods Sold 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.

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Inergy Midstream LP Cost of Goods Sold Chart

Inergy Midstream LP Annual Data

Trend

Sep09

Sep10

Sep11

Sep12

Dec13

Dec14

Cost of Goods Sold

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12.00

46.40

41.40

295.70

1,937.50

Inergy Midstream LP Quarterly Data
	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15
Cost of Goods Sold	Get a 7-Day Free Trial															519.10	575.70	444.60	286.60	316.10

Inergy Midstream LP Cost of Goods Sold Calculation

Cost of Goods Sold is the aggregate cost of goods produced and sold, and services rendered during the reporting period. It excludes Total Operating Expense, such as Depreciation, Depletion and Amortization and Selling, General, & Admin. Expense.

Cost of Goods Sold for the trailing twelve months (TTM) ended in Jun. 2015 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,623 Mil.

Inergy Midstream LP (NYSE:NRGM) Cost of Goods Sold Explanation

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.

Inergy Midstream LP's Gross Margin % for the three months ended in Jun. 2015 is calculated as:

Gross Margin %	=	(Revenue	-	Cost of Goods Sold)	/	Revenue
	=	(478.4	-	316.1)	/	478.4
	=	33.93 %

A company that has a moat can usually maintain or even expand their Gross Margin. A company can increase its Gross Margin in two ways. It can increase the prices of the goods it sells and keeps its Cost of Goods Sold unchanged. Or it can keep the sales price unchanged and squeeze its suppliers to reduce the Cost of Goods Sold. Warren Buffett believes businesses with the power to raise prices have moats.

Cost of Goods Sold is also directly linked to another concept called Inventory Turnover:

Inergy Midstream LP's Inventory Turnover for the three months ended in Jun. 2015 is calculated as:

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	316.1	/	11
	=	28.74

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher inventory turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate inventory turnover. An average inventory is a better indication.

Inergy Midstream LP Cost of Goods Sold Related Terms

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Inergy Midstream LP (Inergy Midstream LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Inergy Midstream LP (NYSE:NRGM) » Definitions » Cost of Goods Sold

Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.crestwoodlp.com

Crestwood Midstream Partners LP, formerly known as Inergy Midstream, L.P., is a Delaware limited partnership formed in November 2011. The Company develops, acquires, owns and operates fee-based assets and operations within the energy midstream sector. The Company owns and operates a diversified portfolio of crude oil and natural gas gathering, processing, storage and transportation assets that connect energy supply with energy demand across North America. The Company has three reporting segments: Gathering and Processing, NGL and crude services, and Storage and Transportation. The Gathering and Processing operations engage in the gathering, processing, treating, compression, transportation and sales of natural gas and the delivery of NGLs. In Gathering and Processing, the Company provides natural gas gathering, processing, treating and compression services to producers in unconventional shale plays located in West Virginia, Wyoming, Texas, Arkansas, New Mexico and Louisiana. The Company owns rich gas systems in the Marcellus, Powder River Basin, Niobrara, Barnett, Granite Wash, and Avalon/Bone Spring Shale plays, and dry gas gathering systems in the Barnett, Fayetteville and Haynesville/Bossier Shale plays. The NGL and crude services operations provide gathering, storage and transportation services to producers, refiners, marketers, and others that effectively provide flow assurances to customers, as well as the production and sale of salt products. Operations in NGL and Crude segment include crude oil rail terminals, the Arrow gathering system, an NGL storage facility, and U.S Salt, LLC. The Storage and Transportation operations provide natural gas storage and transportations services to third parties. The corporate operations include all general and administrative expenses that are not allocated to the reportable segments. The Company owns and operates four natural gas storage facilities located in New York and Pennsylvania that have an aggregate working gas storage capacity of approximately 41.0 Bcf namely Stagecoach, Thomas Corners, Steuben, and Seneca Lake. Further, the Company owns natural gas transportation facilities located in New York and Pennsylvania namely North-South Facilities, MARC I Pipeline, and East Pipeline. Sales of crude oil, NGLs and salt are recognized at the time product is shipped or delivered to the customer depending on the sales terms. The Company is expanding its gathering and compression facilities in the Marcellus Shale.

Executives

John J Sherman	director	C/O CRESTWOOD EQUITY PARTNERS LP, 811 MAIN ST., SUITE 3400, HOUSTON TX 77002
Crestwood Gas Services Holdings Llc	director, 10 percent owner	717 TEXAS AVENUE, SUITE 3150, HOUSTON TX 77002
Crestwood Holdings Llc	director, 10 percent owner	717 TEXAS AVENUE, SUITE 3150, HOUSTON TX 77002
Fr Xi Cmp Holdings Llc	director, 10 percent owner	ONE LAFAYETTE PLACE, GREENWICH CT 06830
Crestwood Holdings Ii Llc	director, 10 percent owner	811 MAIN STREET, SUITE 3400, HOUSTON TX 77002
Crestwood Holdings Partners, Llc	director, 10 percent owner	717 TEXAS AVENUE, SUITE 3150, HOUSTON TX 77002
Fr Midstream Holdings Llc	director, 10 percent owner	ONE LAFAYETTE PLACE, THIRD FLOOR, GREENWICH CT 06830
First Reserve Gp Xi, L.p.	director, 10 percent owner	262 HARBOR DRIVE, THIRD FLOOR, STAMFORD CT 06902
First Reserve Gp Xi, Inc.	director, 10 percent owner	262 HARBOR DRIVE, THIRD FLOOR, STAMFORD CT 06902
William C Gautreaux	officer: President, Liquids and Crude
Michael Gordon France	director	600 TRAVIS STREET, SUITE 6000, HOUSTON TX 77002
David Lumpkins	director	600 TRAVIS STREET, SUITE 3250, HOUSTON TX 77002
William E Macaulay	director, 10 percent owner	290 HARBOR DRIVE, FIFTH FLOOR, STAMFORD CT 06902
J Heath Deneke	officer: Chief Operating Officer	700 LOUISIANA STREET, SUITE 2550, HOUSTON TX 77002
Warren H Gfeller	director

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