Days Inventory is also known as Days Sales of Inventory (DSI). NGL Energy Partners LP's Average Total Inventories for the
three
months ended in Dec. 2023 was $226 Mil. NGL Energy Partners LP's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $1,672 Mil.
Hence, NGL Energy Partners LP's Days Inventory for the
three
months ended in Dec. 2023 was 12.34.
The historical rank and industry rank for NGL Energy Partners LP's Days Inventory or its related term are showing as below:
NGL'
s Days Inventory Range Over the Past 10 Years
Min: 5.47 Med: 9.57 Max: 31.38
Current: 11.26
During the past 13 years, NGL Energy Partners LP's highest Days Inventory was 31.38. The lowest was 5.47. And the median was 9.57.
NGL's Days Inventory is ranked better than 76.95% of 729
companies
in the Oil & Gas industry
Industry Median: 31.48
vs NGL: 11.26
NGL Energy Partners LP's Days Inventory
declined
from Dec. 2022 (13.78) to Dec. 2023 (12.34).
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 Dec. 2023 was 7.39.
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 Dec. 2023 was 0.12.
NGL Energy Partners LP Days Inventory Historical Data
The historical data trend for NGL Energy 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.
For the Oil & Gas Midstream subindustry, NGL Energy 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.
NGL Energy Partners LP Days Inventory Distribution
For the Oil & Gas industry and Energy sector, NGL Energy Partners LP's Days Inventory distribution charts can be found below:
* The bar in red indicates where NGL Energy Partners LP's Days Inventory falls into.
NGL Energy Partners LP Days Inventory Calculation
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. 2023 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.
NGL Energy Partners LP (NYSE:NGL) 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.
NGL Energy Partners LP's Inventory Turnover for the
three
months ended in Dec. 2023 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.
NGL Energy Partners LP's Inventory to Revenue for the
three
months ended in Dec. 2023 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.
NGL Energy Partners LP Days Inventory Related Terms
Thank you for viewing the detailed overview of NGL Energy Partners LP's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
NGL Energy Partners LP (NGL Energy Partners LP) Business Description
NGL Energy Partners LP is a us-based firm that owns and operates a vertically integrated energy business. The company's operating segments include Crude Oil Logistics, Water Solutions, and Liquids Logistics. It operates crude oil storage terminals, and owns pipeline injection stations and offers services for the treatment and disposal of wastewater generated from crude oil and natural gas production, and for the disposal of solids, such as tank bottoms and drilling fluids. The firm also supplies natural gas liquids to retailers, wholesalers, refiners and petrochemical plants and sells propane and distillates.
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