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Golar LNG Partners LP (Golar LNG Partners LP) Days Inventory : 5.64 (As of Dec. 2020)


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What is Golar LNG Partners LP Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Golar LNG Partners LP's Average Total Inventories for the three months ended in Dec. 2020 was $2.2 Mil. Golar LNG Partners LP's Cost of Goods Sold for the three months ended in Dec. 2020 was $35.2 Mil. Hence, Golar LNG Partners LP's Days Inventory for the three months ended in Dec. 2020 was 5.64.

The historical rank and industry rank for Golar LNG Partners LP's Days Inventory or its related term are showing as below:

GMLP' s Days Inventory Range Over the Past 10 Years
Min: 1.33   Med: 4.66   Max: 6.51
Current: 6.51

During the past 12 years, Golar LNG Partners LP's highest Days Inventory was 6.51. The lowest was 1.33. And the median was 4.66.

GMLP's Days Inventory is not ranked
in the Oil & Gas industry.
Industry Median: 31.41 vs GMLP: 6.51

Golar LNG Partners LP's Days Inventory declined from Dec. 2019 (7.17) to Dec. 2020 (5.64).

Inventory Turnover measures how fast the company turns over its inventory within a year. Golar LNG Partners LP's Inventory Turnover for the three months ended in Dec. 2020 was 16.19.

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. Golar LNG Partners LP's Inventory-to-Revenue for the three months ended in Dec. 2020 was 0.03.


Golar LNG Partners LP Days Inventory Historical Data

The historical data trend for Golar LNG Partners 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.

Golar LNG Partners LP Days Inventory Chart

Golar LNG Partners 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 2.69 4.63 5.77 5.69 5.58

Golar LNG Partners 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 7.17 7.79 7.30 5.69 5.64

Competitive Comparison of Golar LNG Partners LP's Days Inventory

For the Oil & Gas Midstream subindustry, Golar LNG Partners 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.


Golar LNG Partners LP's Days Inventory Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Golar LNG Partners LP's Days Inventory falls into.



Golar LNG Partners LP Days Inventory Calculation

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

Golar LNG Partners 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
=( (2.702 + 1.719) / 2 ) / 144.491*365
=2.2105 / 144.491*365
=5.58

Golar LNG Partners 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
=( (2.625 + 1.719) / 2 ) / 35.167*365 / 4
=2.172 / 35.167*365 / 4
=5.64

* 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.


Golar LNG Partners LP  (NAS:GMLP) 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.

Golar LNG Partners 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.

Golar LNG Partners 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.


Golar LNG Partners LP Days Inventory Related Terms

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


Golar LNG Partners LP (Golar LNG Partners LP) Business Description

Traded in Other Exchanges
Address
9 Par-la-Ville Road, 2nd Floor, South East Pearman Building, Hamilton, BMU, HM 11
Golar LNG Partners LP owns and operates floating storage regasification units (FSRUs) and liquefied natural gas (LNG) carriers under long-term time charters. The company has three reportable segments: LNG, FSRUs, and FING (floating liquefied natural gas vessel). It generates maximum revenue from the FSRUs segment. Its geographical segments are Brazil, Jordan, Indonesia, Kuwait, and the United Arab Emirates. The company's operational FSRU projects include Golar Spirit, Golar Igloo, Golar Eskimo, Golar Winter, Golar Freeze, and Nusantara Regas Satu.

Golar LNG Partners LP (Golar LNG Partners LP) Headlines