Martin Midstream Partners LP (Martin Midstream Partners LP) Change In Inventory : $35.2 Mil (TTM As of Mar. 2024)

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What is Martin Midstream Partners LP Change In Inventory?

Martin Midstream Partners LP's change in inventory for the quarter that ended in Mar. 2024 was $2.4 Mil. It means Martin Midstream Partners LP's inventory declined by $2.4 Mil from Dec. 2023 to Mar. 2024 .

Martin Midstream Partners LP's change in inventory for the fiscal year that ended in Dec. 2023 was $66.0 Mil. It means Martin Midstream Partners LP's inventory declined by $66.0 Mil from Dec. 2022 to Dec. 2023 .

Martin Midstream Partners LP's Total Inventories for the quarter that ended in Mar. 2024 was $41.4 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Martin Midstream Partners LP's Days Inventory for the quarter that ended in Mar. 2024 was 43.07.

Inventory Turnover measures how fast the company turns over its inventory within a year. Martin Midstream Partners LP's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.12.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Martin Midstream Partners LP's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.24.

Martin Midstream Partners LP Change In Inventory Historical Data

The historical data trend for Martin Midstream Partners LP's Change In Inventory 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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Martin Midstream Partners LP Change In Inventory Chart

Martin Midstream Partners LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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21.49

5.26

-8.33

-47.68

65.98

Martin Midstream Partners LP Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															33.18	25.75	9.17	-2.12	2.41

Martin Midstream Partners LP Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $35.2 Mil.

Martin Midstream Partners LP (NAS:MMLP) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Martin Midstream Partners LP's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	42.616	/	90.296	*	365 / 4
	=	43.07

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Martin Midstream Partners LP's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	90.296	/	42.616
	=	2.12

3. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Martin Midstream Partners LP's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	42.616	/	180.83
	=	0.24

Martin Midstream Partners LP Change In Inventory Related Terms

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Martin Midstream Partners LP (Martin Midstream Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Martin Midstream Partners LP (NAS:MMLP) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

4200 Stone Road, Kilgore, TX, USA, 75662

Website

https://www.mmlp.com

Martin Midstream Partners LP has a diverse set of operations focused in the United States Gulf Coast region. The company's business lines include terminalling, processing, storage, and packaging services for petroleum products and by-products including the refining of naphthenic crude oil; land and marine transportation services for petroleum products and by-products, chemicals, and specialty products; sulfur and sulfur-based products processing, manufacturing, marketing and distribution; and natural gas liquids marketing, distribution and transportation services. It generates maximum revenue from the Natural gas liquids segment.

Executives

Sharon L Taylor	officer: Chief Financial Officer	4200 B STONE RD, KILGORE TX 75662
Ruben S Martin	director, 10 percent owner, officer: President and CEO	4200 STONE RD, KILGORE TX 75662
Robert D Bondurant	officer: Executive VP and CFO	4200 STONE ROAD, KILGORE TX 75662
Scot A Shoup	officer: Senior VP Operations	2029 S. CHILTON AVE., TYLER TX 75701
Chris H Booth	officer: VP/General Counsel/Secretary	4200 STONE ROAD, KILGORE TX 75662
Randall Tauscher	officer: Executive Vice President	KANZA OFFICE PARK, 550 NORTH 159TH ST. EAST, WICHITA KS 67230
Christopher Michael Reid	director	100 W PUTNAM AVENUE, GREENWICH CT 06830
C Scott Massey	director	4200 STONE RD, KILGORE TX 75662
Martin Product Sales Llc	10 percent owner	4200 STONE ROAD, KILGORE TX 75662
James M Collingsworth	director	1100 LOUISIANA 10TH FLOOR, HOUSTON TX 77002
Stephen W Martin	officer: VP Corporate Development	4200 STONE ROAD, KILGORE TX 75662
Zachary Stanton	director	12 ROTON AVE, ROTON AVE, NORWALK CT 06853
Charles H Still	director	FULBRIGHT & JAWORSKI LLP, 1301 MCKINNEY, SUITE 5100, HOUSTON TX 77010-3095
Wesley M Skelton	officer: Executive VP, CA0 & Controller	4200 STONE ROAD, KILGORE TX 75662
Sean P. Dolan	director	4200 B STONE ROAD, KILGORE TX 75662