Targa Resources (Targa Resources) Change In Inventory : $-55 Mil (TTM As of Mar. 2024)

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What is Targa Resources Change In Inventory?

Targa Resources's change in inventory for the quarter that ended in Mar. 2024 was $147 Mil. It means Targa Resources's inventory declined by $147 Mil from Dec. 2023 to Mar. 2024 .

Targa Resources's change in inventory for the fiscal year that ended in Dec. 2023 was $36 Mil. It means Targa Resources's inventory declined by $36 Mil from Dec. 2022 to Dec. 2023 .

Targa Resources's Total Inventories for the quarter that ended in Mar. 2024 was $225 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Targa Resources's Days Inventory for the quarter that ended in Mar. 2024 was 7.64.

Inventory Turnover measures how fast the company turns over its inventory within a year. Targa Resources's Inventory Turnover for the quarter that ended in Mar. 2024 was 11.94.

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. Targa Resources's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.07.

Targa Resources Change In Inventory Historical Data

The historical data trend for Targa Resources'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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Targa Resources Change In Inventory Chart

Targa Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-45.00

-27.70

40.60

-236.20

36.00

Targa Resources 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															237.50	-148.30	-223.30	170.10	147.00

Targa Resources 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 $-55 Mil.

Targa Resources (NYSE:TRGP) Change In Inventory Explanation

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

Targa Resources's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	298	/	3558.5	*	365 / 4
	=	7.64

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

Targa Resources's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3558.5	/	298
	=	11.94

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.

Targa Resources's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	298	/	4562.4
	=	0.07

Targa Resources Change In Inventory Related Terms

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Targa Resources (Targa Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Targa Resources Corp (NYSE:TRGP) » Definitions » Change In Inventory

Comparable Companies

CQP PAA WES AM ENLC DTM FRO ETRN PAGP STNG TSX:ENB EPD WMB ET LNG OKE MPLX KMI TSX:TRP TSX:PPL

Traded in Other Exchanges

TAR:Germany

Address

811 Louisiana Street, Suite 2100, Houston, TX, USA, 77002

Website

https://www.targaresources.com

Targa Resources is a midstream firm that primarily operates gathering and processing assets with substantial positions in the Permian, Stack, Scoop, and Bakken plays. It has 843,000 barrels a day of gross fractionation capacity at Mont Belvieu and operates a liquefied petroleum gas export terminal. The Grand Prix natural gas liquids pipeline recently entered full service.

Executives

Robert Muraro	officer: See Remarks	1000 LOUISIANA, SUITE 4300, HOUSTON TX 77002
Julie H. Boushka	officer: Senior VP and CAO	811 LOUISIANA, SUITE 2100, HOUSTON TX 77002
G Clark White	officer: EVP - Engineering & Operations	1000 LOUISIANA STREET, SUITE 4300, HOUSTON TX 77002
Regina Gregory	officer: See Remarks	2013 CITYWEST BLVD, BUILDING 4 SUITE 800, HOUSTON TX 77042
D. Scott Pryor	officer: See Remarks	1000 LOUISIANA, SUITE 4300, HOUSTON TX 77002
Paul W Chung	officer: EVP, Gen. Counsel & Secretary	TARGA RESOURCES PARTNERS LP, 1000 LOUISIANA STREET, SUITE 4300, HOUSTON TX 77002
Charles R Crisp	director	1301 MCKINNEY STE 700, HOUSTON TX 77010
Lindsey Cooksen	director	811 LOUISIANA STREET, SUITE 2100, HOUSTON TX 77002
Rene R Joyce	director	P.O. BOX 130430, HOUSTON TX 77219-0430
Jennifer R. Kneale	officer: Chief Financial Officer	811 LOUISIANA STREET, SUITE 2100, HOUSTON TX 77002
Joe Bob Perkins	director, officer: Chief Executive Officer	TARGA RESOURCES PARTNERS, LP, 1000 LOUISIANA ST., SUITE 4300, HOUSTON TX 77002
Patrick J. Mcdonie	officer: See Remarks	110 W. 7TH STREET, SUITE 2300, TULSA OK 74119
Davis Waters S Iv	director	10200 ALLIANCE ROAD, SUITE 200, CINCINNATI OH 45242
Redd Ershel C Jr	director	C/O EL PASO ELECTRIC COMPANY, 100 N. STANTON, EL PASO TX 79901
Chris Tong	director	600 E LAS COLINAS # 1100, IRVING TX 75019