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Energy Transfer Partners LP (NYSE:ETP)
Days Inventory
25.69 (As of Sep. 2015)

Energy Transfer Partners LP's average inventory for the three months ended in Sep. 2015 was $1,537 Mil. Energy Transfer Partners LP's cost of goods sold for the three months ended in Sep. 2015 was $5,460 Mil. Hence, Energy Transfer Partners LP's days inventory for the three months ended in Sep. 2015 was 25.69.

ETP' s Days Inventory Range Over the Past 10 Years
Min: 10.98   Max: 31.86
Current: 16.72

10.98
31.86

During the past 13 years, Energy Transfer Partners LP's highest Days Inventory was 31.86. The lowest was 10.98. And the median was 19.84.

ETP's Days Inventory is ranked lower than
57% of the 83 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 14.12 vs. ETP: 16.72 )

Energy Transfer Partners LP's days inventory increased from Sep. 2014 (10.75) to Sep. 2015 (25.69). It might indicate that Energy Transfer Partners LP's sales slowed down.

Inventory can be measured by Days Sales of Inventory (DSI). Energy Transfer Partners LP's days sales of inventory (DSI) for the three months ended in Sep. 2015 was 21.25.

Inventory turnover measures how fast the company turns over its inventory within a year. Energy Transfer Partners LP's inventory turnover for the three months ended in Sep. 2015 was 3.55.

Inventory to revenue ratio 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 Partners LP's inventory to revenue ratio for the three months ended in Sep. 2015 was 0.23.


Definition

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

Energy Transfer Partners LP's Days Inventory for the fiscal year that ended in Dec. 2014 is calculated as

Days Inventory (A: Dec. 2014 )
=Average Inventory / COGS*Days in Period
=( (Inventory (A: Dec. 2013 ) + Inventory (A: Dec. 2014 )) / 2 ) / COGS (A: Dec. 2014 )*Days in Period
=( (1765 + 1389) / 2 ) / 47176*365
=1577 / 47176*365
=12.20

Energy Transfer Partners LP's Days Inventory for the quarter that ended in Sep. 2015 is calculated as:

Days Inventory (Q: Sep. 2015 )
=Average Inventory / COGS*Days in Period
=( (Inventory (Q: Jun. 2015 ) + Inventory (Q: Sep. 2015 )) / 2 ) / COGS (Q: Sep. 2015 )*Days in Period
=( (1851 + 1223) / 2 ) / 5460*365 / 4
=1537 / 5460*365 / 4
=25.69

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Explanation

An increase of Days Inventory may indicate the company's sales slowed.

1. Inventory can be measured by Days Sales of Inventory (DSI).

Energy Transfer Partners LP's Days Sales of Inventory for the three months ended in Sep. 2015 is calculated as

Days Sales of Inventory (DSI)=Average Inventory/Revenue*Days in Period
=1537/6601*365 / 4
=21.25

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

Energy Transfer Partners LP's Inventory Turnover for the three months ended in Sep. 2015 is calculated as

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.

Energy Transfer Partners LP's Inventory to Revenue for the three months ended in Sep. 2015 is calculated as

* All numbers are in millions except for per share data and ratio. All numbers are in their own 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.


Related Terms

Cost of Goods Sold, Inventory, Revenue, Inventory Turnover, Inventory to Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Energy Transfer Partners LP Annual Data

Aug05Aug06Aug07Dec08Dec09Dec10Dec11Dec12Dec13Dec14
DaysInventory 11.0318.8520.8210.9831.7831.8624.7424.8813.9512.20

Energy Transfer Partners LP Quarterly Data

Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15
DaysInventory 13.9813.5213.9812.9710.4210.7515.6814.8614.7925.69
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