Enterprise Products Partners LP (Enterprise Products Partners LP) Days Inventory

: 23.95 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Enterprise Products Partners LP's Average Total Inventories for the three months ended in Dec. 2023 was $3,349 Mil. Enterprise Products Partners LP's Cost of Goods Sold for the three months ended in Dec. 2023 was $12,757 Mil. Hence, Enterprise Products Partners LP's Days Inventory for the three months ended in Dec. 2023 was 23.95.

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

EPD' s Days Inventory Range Over the Past 10 Years
Min: 8.7 Med: 24.26 Max: 44.01
Current: 23.66

During the past 13 years, Enterprise Products Partners LP's highest Days Inventory was 44.01. The lowest was 8.70. And the median was 24.26.

EPD's Days Inventory is ranked better than
58.3% of 729 companies
in the Oil & Gas industry
Industry Median: 31.63 vs EPD: 23.66

Enterprise Products Partners LP's Days Inventory increased from Dec. 2022 (21.86) to Dec. 2023 (23.95). It might indicate that Enterprise Products Partners LP's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Enterprise Products Partners LP's Inventory Turnover for the three months ended in Dec. 2023 was 3.81.

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. Enterprise Products Partners LP's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.23.

Enterprise Products Partners LP Days Inventory Historical Data

The historical data trend for Enterprise Products 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.

Enterprise Products Partners LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

24.37

44.01

31.14

18.55

25.06

Enterprise Products Partners LP Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory																21.86	20.14	23.43	25.71	23.95

Competitive Comparison

For the Oil & Gas Midstream subindustry, Enterprise Products 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.

Enterprise Products Partners LP Days Inventory Distribution

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

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

Enterprise Products Partners LP Days Inventory Calculation

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

Enterprise Products Partners LP's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (2554	+	3352)	/	2 )	/	43017	*	365
=	2953					/	43017	*	365
=	25.06

Enterprise Products Partners LP's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (3345	+	3352)	/	2 )	/	12757	*	365 / 4
=	3348.5					/	12757	*	365 / 4
=	23.95

Enterprise Products Partners LP (NYSE:EPD) 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.

Enterprise Products Partners LP's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	12757	/	3348.5
	=	3.81

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.

Enterprise Products Partners LP's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3348.5	/	14622
	=	0.23

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.

Enterprise Products Partners LP Days Inventory Related Terms

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

Enterprise Products Partners LP (Enterprise Products Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Enterprise Products Partners LP (NYSE:EPD) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

1100 Louisiana Street, 10th Floor, Houston, TX, USA, 77002

Website

https://www.enterpriseproducts.com

Enterprise Products Partners is a master limited partnership that transports and processes natural gas, natural gas liquids, crude oil, refined products and petrochemicals. It is one of the largest midstream companies, with operations servicing most producing regions in the Lower 48 states. Enterprise is particularly dominant in the NGL market and is one of the few MLPs that provide midstream services across the full hydrocarbon value chain.

Executives

Aj Teague	officer: Executive Vice President	1100 LOUISIANA 10TH FLOOR, HOUSTON TX 77002
John R Rutherford	director	1100 LOUISIANA STREET, 10TH FLOOR, HOUSTON TX 77002
William C Montgomery	director	C/O APACHE CORPORATION, 2000 POST OAK BLVD., SUITE 100, HOUSTON TX 77056
Rebecca G. Followill	director	1100 LOUISIANA STREET, HOUSTON TX 77002
Carin Marcy Barth	director
Randa Duncan Williams	10 percent owner	1100 LOUISIANA 10TH FLOOR, HOUSTON TX 77002
Graham W. Bacon	officer: Group Senior Vice President	1100 LOUISIANA STREET, HOUSTON TX 77002
Richard H Bachmann	director, officer: Executive VP & CLO	1100 LOUISIANA 10TH FLOOR, HOUSTON TX 77002
W Randall Fowler	director, officer: Sr. Vice President & Treasurer	1100 LOUISIANA 10TH FLOOR, HOUSTON TX 77002
Robert D Sanders	officer: EVP, Asset Optimization	1100 LOUISIANA, SUITE 1000, HOUSTON TX 77002
Christian M. Nelly	officer: EVP-Finance and Treasurer	1100 LOUISIANA STREET, HOUSTON TX 77002
Murray E Brasseux	director	17 SOUTH BRIAR HOLLOW LANE, HOUSTON TX 77027
James T Hackett	director	C/O FLUOR CORPORATION, 6700 LAS COLINAS BLVD, IRVING TX 75039
Edwin E Smith	director	1100 LOUISIANA 10TH FLOOR, HOUSTON TX 77002
Brent B. Secrest	officer: Senior Vice President	1100 LOUISIANA STREET, HOUSTON TX 77002