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Energy Transfer Operating LP (Energy Transfer Operating LP) Days Inventory : 20.61 (As of Dec. 2020)


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What is Energy Transfer Operating LP Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Energy Transfer Operating LP's Average Total Inventories for the three months ended in Dec. 2020 was $1,731 Mil. Energy Transfer Operating LP's Cost of Goods Sold for the three months ended in Dec. 2020 was $7,663 Mil. Hence, Energy Transfer Operating LP's Days Inventory for the three months ended in Dec. 2020 was 20.61.

The historical rank and industry rank for Energy Transfer Operating LP's Days Inventory or its related term are showing as below:

ETP' s Days Inventory Range Over the Past 10 Years
Min: 11.11   Med: 17.85   Max: 26.58
Current: 19.12

During the past 13 years, Energy Transfer Operating LP's highest Days Inventory was 26.58. The lowest was 11.11. And the median was 17.85.

ETP's Days Inventory is not ranked
in the Oil & Gas industry.
Industry Median: 31.555 vs ETP: 19.12

Energy Transfer Operating LP's Days Inventory increased from Dec. 2019 (13.93) to Dec. 2020 (20.61). It might indicate that Energy Transfer Operating LP's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Energy Transfer Operating LP's Inventory Turnover for the three months ended in Dec. 2020 was 4.43.

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. Energy Transfer Operating LP's Inventory-to-Revenue for the three months ended in Dec. 2020 was 0.17.


Energy Transfer Operating LP Days Inventory Historical Data

The historical data trend for Energy Transfer Operating LP's Days 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.

* Premium members only.

Energy Transfer Operating LP Days Inventory Chart

Energy Transfer Operating LP Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 20.01 19.87 15.19 13.64 20.47

Energy Transfer Operating LP Quarterly Data
Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 13.93 12.76 23.64 20.76 20.61

Competitive Comparison of Energy Transfer Operating LP's Days Inventory

For the Oil & Gas Midstream subindustry, Energy Transfer Operating LP's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Energy Transfer Operating LP's Days Inventory Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Energy Transfer Operating LP's Days Inventory distribution charts can be found below:

* The bar in red indicates where Energy Transfer Operating LP's Days Inventory falls into.



Energy Transfer Operating LP Days Inventory Calculation

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

Energy Transfer Operating LP's Days Inventory for the fiscal year that ended in Dec. 2020 is calculated as

Days Inventory (A: Dec. 2020 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2019 ) + Total Inventories (A: Dec. 2020 )) / count ) / Cost of Goods Sold (A: Dec. 2020 )*Days in Period
=( (1532 + 1739) / 2 ) / 29156*365
=1635.5 / 29156*365
=20.47

Energy Transfer Operating LP's Days Inventory for the quarter that ended in Dec. 2020 is calculated as:

Days Inventory (Q: Dec. 2020 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Sep. 2020 ) + Total Inventories (Q: Dec. 2020 )) / count ) / Cost of Goods Sold (Q: Dec. 2020 )*Days in Period
=( (1723 + 1739) / 2 ) / 7663*365 / 4
=1731 / 7663*365 / 4
=20.61

* 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.


Energy Transfer Operating LP  (NYSE:ETP) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

Energy Transfer Operating LP's Inventory Turnover for the three months ended in Dec. 2020 is calculated as

2. 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.

Energy Transfer Operating LP's Inventory to Revenue for the three months ended in Dec. 2020 is calculated as

* 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.


Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.


Energy Transfer Operating LP Days Inventory Related Terms

Thank you for viewing the detailed overview of Energy Transfer Operating LP's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.


Energy Transfer Operating LP (Energy Transfer Operating LP) Business Description

Traded in Other Exchanges
N/A
Address
8111 Westchester Drive, Suite 600, Dallas, TX, USA, 75225
Energy Transfer Operating LP is a diversified midstream energy company in the country with more than 86,000 miles of pipelines traversing approximately 38 states transporting the oil and gas products. Its core operations include transportation, storage and terminalling for natural gas, crude oil, NGLs, refined products and liquid natural gas. The operating business segments of the company are intrastate transportation and storage, interstate transportation and storage, midstream, NGL and refined products transportation and services, crude oil transportation and services, investment in Sunoco LP, investment in USAC, and Other. The crude oil transportation and services segment generates maximum revenue for the company.
Executives
Easter William H Iii director 370 17TH ST, STE 2500, DENVER CO 80202