Targa Resources Partners LP (Targa Resources Partners LP) Days Inventory : 14.56 (As of Sep. 2020)

Targa Resources Partners LP Days Inventory Chart

Targa Resources Partners LP Annual Data
	Trend	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19
Days Inventory		Get a 7-Day Free Trial					11.69	8.95	8.09	7.44	8.40

Targa Resources Partners LP Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Days Inventory	Get a 7-Day Free Trial															12.07	8.69	8.36	13.69	14.56

Competitive Comparison of Targa Resources Partners LP's Days Inventory

For the Oil & Gas Midstream subindustry, Targa Resources 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.

Targa Resources Partners LP's Days Inventory Distribution in the Oil & Gas Industry

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

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

Targa Resources Partners LP Days Inventory Calculation

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

Targa Resources Partners LP's Days Inventory for the fiscal year that ended in Dec. 2019 is calculated as

Targa Resources Partners LP's Days Inventory for the quarter that ended in Sep. 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.

Targa Resources Partners LP  (NYSE:NGLS) 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.

Targa Resources Partners LP's Inventory Turnover for the three months ended in Sep. 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.

Targa Resources Partners LP's Inventory to Revenue for the three months ended in Sep. 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.

Targa Resources Partners LP Days Inventory Related Terms

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Targa Resources Partners LP (Targa Resources Partners LP) Business Description