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Days Inventory is also known as Days Sales of Inventory (DSI). Northern Tier Energy LP's Average Total Inventories for the three months ended in Mar. 2016 was $257 Mil. Northern Tier Energy LP's Cost of Goods Sold for the three months ended in Mar. 2016 was $553 Mil. Hence, Northern Tier Energy LP's Days Inventory for the three months ended in Mar. 2016 was 42.52.
The historical rank and industry rank for Northern Tier Energy LP's Days Inventory or its related term are showing as below:
Northern Tier Energy LP's Days Inventory increased from Mar. 2015 (37.46) to Mar. 2016 (42.52). It might indicate that Northern Tier Energy LP's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year. Northern Tier Energy LP's Inventory Turnover for the three months ended in Mar. 2016 was 2.15.
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. Northern Tier Energy LP's Inventory-to-Revenue for the three months ended in Mar. 2016 was 0.43.
The historical data trend for Northern Tier Energy 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.
Northern Tier Energy LP Annual Data | |||||||||||
Trend | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | ||||||
Days Inventory | 16.03 | 16.11 | 13.46 | 15.16 | 30.92 |
Northern Tier Energy LP Quarterly Data | ||||||||||||||||||||
Jun11 | Sep11 | Dec11 | Mar12 | Jun12 | Sep12 | Dec12 | Mar13 | Jun13 | Sep13 | Dec13 | Mar14 | Jun14 | Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | |
Days Inventory | Get a 7-Day Free Trial | 37.46 | 34.05 | 36.69 | 32.73 | 42.52 |
For the Oil & Gas Refining & Marketing subindustry, Northern Tier Energy 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.
For the Oil & Gas industry and Energy sector, Northern Tier Energy LP's Days Inventory distribution charts can be found below:
* The bar in red indicates where Northern Tier Energy LP's Days Inventory falls into.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Northern Tier Energy LP's Days Inventory for the fiscal year that ended in Dec. 2015 is calculated as
Days Inventory (A: Dec. 2015 ) | |||||||||
= | Average Total Inventories | / | Cost of Goods Sold | * | Days in Period | ||||
= | ( (Total Inventories (A: Dec. 2014 ) | + | Total Inventories (A: Dec. 2015 )) | / | count ) | / | Cost of Goods Sold (A: Dec. 2015 ) | * | Days in Period |
= | ( (252.1 | + | 241.2) | / | 2 ) | / | 2911.3 | * | 365 |
= | 246.65 | / | 2911.3 | * | 365 | ||||
= | 30.92 |
Northern Tier Energy LP's Days Inventory for the quarter that ended in Mar. 2016 is calculated as:
Days Inventory (Q: Mar. 2016 ) | |||||||||
= | Average Total Inventories | / | Cost of Goods Sold | * | Days in Period | ||||
= | ( (Total Inventories (Q: Dec. 2015 ) | + | Total Inventories (Q: Mar. 2016 )) | / | count ) | / | Cost of Goods Sold (Q: Mar. 2016 ) | * | Days in Period |
= | ( (241.2 | + | 273.7) | / | 2 ) | / | 552.5 | * | 365 / 4 |
= | 257.45 | / | 552.5 | * | 365 / 4 | ||||
= | 42.52 |
* 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.
Northern Tier Energy LP (NYSE:NTI) 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.
Northern Tier Energy LP's Inventory Turnover for the three months ended in Mar. 2016 is calculated as
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 552.5 | / | 257.45 | |
= | 2.15 |
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.
Northern Tier Energy LP's Inventory to Revenue for the three months ended in Mar. 2016 is calculated as
Inventory-to-Revenue | = | Average Total Inventories | / | Revenue |
= | 257.45 | / | 604.4 | |
= | 0.43 |
* 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.
Thank you for viewing the detailed overview of Northern Tier Energy LP's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
David L Lamp | director, officer: President and CEO | C/O CVR ENERGY, INC., 2277 PLAZA DRIVE, SUITE 500, SUGAR LAND TX 77479 |
Thomas W Hofmann | director | FIVE RADNOR CORPORATE CENTER, SUITE 500, RADNOR PA 19087 |
Scott D Weaver | director | C/O WESTERN REFINING, INC., 6500 TROWBRIDGE DRIVE, EL PASO TX 79905 |
Melissa M Buhrig | officer: Exec VP, General Counsel & Sec | C/O CVR ENERGY, INC., 2277 PLAZA DRIVE, SUITE 500, SUGAR LAND TX 77479 |
Dan F Smith | director | 1221 MCKINNEY STREET, SUITE 700, HOUSTON TX 77010 |
Western Refining, Inc. | director, 10 percent owner | 539 SOUTH MAIN STREET, FINDLAY OH 45840-3229 |
Karen Berriman Davis | officer: Executive VP and CFO | 123 WEST MILLS AVENUE, SUITE 200, EL PASO TX 79901 |
Scott D Josey | director | ONE BRIARLAKE PLAZA, SUITE 2000, 2000 WEST SAM HOUSTON PARKWAY SOUTH, HOUSTON TX 77042 |
David Bonderman | other: Former 10% Owner and Director | 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102 |
James G Coulter | other: Former 10% Owner and Director | 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102 |
Bernard W Aronson | director | |
Tpg Advisors Vi, Inc. | other: Former 10% Owner and Director | 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102 |
Tpg Group Holdings (sbs) Advisors, Inc. | director, 10 percent owner | C/O TPG GLOBAL, LLC, 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102 |
Michael G. Macdougall | director | 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102 |
Eric Liaw | director | C/O TPG GLOBAL, LLC, 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102 |
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