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NGL Energy Partners LP (NYSE:NGL)
Days Inventory
11.59 (As of Sep. 2014)

NGL Energy Partners LP's average inventory for the three months ended in Sep. 2014 was $658 Mil. NGL Energy Partners LP's cost of goods sold for the three months ended in Sep. 2014 was $5,179 Mil. Hence, NGL Energy Partners LP's days inventory for the three months ended in Sep. 2014 was 11.59.

NGL Energy Partners LP's days inventory declined from Sep. 2013 (17.27) to Sep. 2014 (11.59).

Inventory can be measured by Days Sales of Inventory (DSI). NGL Energy Partners LP's days sales of inventory (DSI) for the three months ended in Sep. 2014 was 11.15.

Inventory turnover measures how fast the company turns over its inventory within a year. NGL Energy Partners LP's inventory turnover for the three months ended in Sep. 2014 was 7.88.

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. NGL Energy Partners LP's inventory to revenue ratio for the three months ended in Sep. 2014 was 0.12.


Definition

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

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

Days Inventory (A: Mar. 2014 )
=Average Inventory / COGS*Days in Period
=( (Inventory (A: Mar. 2013 ) + Inventory (A: Mar. 2014 )) / 2 ) / COGS (A: Mar. 2014 )*Days in Period
=( (126.895 + 310.16) / 2 ) / 9132.699*365
=218.5275 / 9132.699*365
=8.73

NGL Energy Partners LP's Days Inventory for the quarter that ended in Sep. 2014 is calculated as:

Days Inventory (Q: Sep. 2014 )
=Average Inventory / COGS*Days in Period
=( (Inventory (Q: Jun. 2014 ) + Inventory (Q: Sep. 2014 )) / 2 ) / COGS (Q: Sep. 2014 )*Days in Period
=( (373.633 + 941.589) / 2 ) / 5179.465*365 / 4
=657.611 / 5179.465*365 / 4
=11.59

* 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).

NGL Energy Partners LP's Days Sales of Inventory for the three months ended in Sep. 2014 is calculated as

Days Sales of Inventory (DSI)=Average Inventory/Revenue*Days in Period
=657.611/5380.526*365 / 4
=11.15

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

NGL Energy Partners LP's Inventory Turnover for the three months ended in Sep. 2014 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.

NGL Energy Partners LP's Inventory to Revenue for the three months ended in Sep. 2014 is calculated as

Inventory to Revenue=Average Inventory / Revenue
=657.611 / 5380.526
=0.12

* 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.

NGL Energy Partners LP Annual Data

Mar09Mar10Mar12Mar13Mar14
DaysInventory 0.000.000.000.000.000.005.4815.2610.008.73

NGL Energy Partners LP Quarterly Data

Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14
DaysInventory 43.7319.7718.8811.1111.7417.2714.149.138.8311.59
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