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Days Inventory is also known as Days Sales of Inventory (DSI). Phillips 66 Partners LP's Average Total Inventories for the three months ended in Dec. 2021 was $23 Mil. Phillips 66 Partners LP's Cost of Goods Sold for the three months ended in Dec. 2021 was $35 Mil. Hence, Phillips 66 Partners LP's Days Inventory for the three months ended in Dec. 2021 was 58.66.
The historical rank and industry rank for Phillips 66 Partners LP's Days Inventory or its related term are showing as below:
During the past 11 years, Phillips 66 Partners LP's highest Days Inventory was 58.50. The lowest was 8.05. And the median was 36.16.
Phillips 66 Partners LP's Days Inventory increased from Dec. 2020 (35.10) to Dec. 2021 (58.66). It might indicate that Phillips 66 Partners LP's sales slowed down.
Warning Sign:
If a company builds up inventory, it may mean it is having difficulties selling its goods.
Inventory Turnover measures how fast the company turns over its inventory within a year. Phillips 66 Partners LP's Inventory Turnover for the three months ended in Dec. 2021 was 1.56.
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. Phillips 66 Partners LP's Inventory-to-Revenue for the three months ended in Dec. 2021 was 0.07.
The historical data trend for Phillips 66 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.
Phillips 66 Partners LP Annual Data | |||||||||||||||||||||
Trend | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | |||||||||||
Days Inventory | Get a 7-Day Free Trial | 36.19 | 39.00 | 39.54 | 39.20 | 41.42 |
Phillips 66 Partners LP Quarterly Data | ||||||||||||||||||||
Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | |
Days Inventory | Get a 7-Day Free Trial | 35.10 | 42.94 | 69.78 | 78.04 | 58.66 |
For the Oil & Gas Midstream subindustry, Phillips 66 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.
For the Oil & Gas industry and Energy sector, Phillips 66 Partners LP's Days Inventory distribution charts can be found below:
* The bar in red indicates where Phillips 66 Partners LP's Days Inventory falls into.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Phillips 66 Partners LP's Days Inventory for the fiscal year that ended in Dec. 2021 is calculated as
Days Inventory (A: Dec. 2021 ) | |||||||||
= | Average Total Inventories | / | Cost of Goods Sold | * | Days in Period | ||||
= | ( (Total Inventories (A: Dec. 2020 ) | + | Total Inventories (A: Dec. 2021 )) | / | count ) | / | Cost of Goods Sold (A: Dec. 2021 ) | * | Days in Period |
= | ( (16 | + | 16) | / | 2 ) | / | 141 | * | 365 |
= | 16 | / | 141 | * | 365 | ||||
= | 41.42 |
Phillips 66 Partners LP's Days Inventory for the quarter that ended in Dec. 2021 is calculated as:
Days Inventory (Q: Dec. 2021 ) | |||||||||
= | Average Total Inventories | / | Cost of Goods Sold | * | Days in Period | ||||
= | ( (Total Inventories (Q: Sep. 2021 ) | + | Total Inventories (Q: Dec. 2021 )) | / | count ) | / | Cost of Goods Sold (Q: Dec. 2021 ) | * | Days in Period |
= | ( (29 | + | 16) | / | 2 ) | / | 35 | * | 365 / 4 |
= | 22.5 | / | 35 | * | 365 / 4 | ||||
= | 58.66 |
* 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.
Phillips 66 Partners LP (NYSE:PSXP) 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.
Phillips 66 Partners LP's Inventory Turnover for the three months ended in Dec. 2021 is calculated as
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 35 | / | 22.5 | |
= | 1.56 |
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.
Phillips 66 Partners LP's Inventory to Revenue for the three months ended in Dec. 2021 is calculated as
Inventory-to-Revenue | = | Average Total Inventories | / | Revenue |
= | 22.5 | / | 331 | |
= | 0.07 |
* 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 Phillips 66 Partners LP's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Mark Haney | director | 3010 BRIARPARK DRIVE, HOUSTON TX 77042 |
Phillip David Bairrington | director | C/O PHILLIPS 66 CORPORATE LEGAL, N13 2331 CITYWEST BLVD. HOUSTON TX 77042 |
Paula Ann Johnson | director | 600 N. DAIRY ASHFORD, HOUSTON TX 77079 |
Charles Douglas Johnson | director | 600 N. DAIRY ASHFORD, HOUSTON TX 77079 |
66 Phillips | director, 10 percent owner | 2331 CITYWEST BLVD., HOUSTON TX 77042 |
Phillips 66 Co | director, 10 percent owner | 2331 CITYWEST BLVD., HOUSTON TX 77042 |
Phillips 66 Project Development Inc. | director, 10 percent owner | P.O. BOX 4428, HOUSTON TX 77210 |
Kevin J Mitchell | director, officer: Vice President & CFO | 3010 BRIARPARK DRIVE, HOUSTON TX 77042 |
Rosy Zuklic | officer: VP & Chief Operating Officer | 2331 CITYWEST BLVD. HOUSTON TX 77042 |
Gary Kramer Adams | director | 15624 BUMBLE BEE LANE, ROGERS AR 72758 |
Timothy Garth Taylor | director, officer: President | P.O. BOX 268836, OKLAHOMA CITY OK 73102 |
Timothy D. Roberts | director | C/O PHILLIPS 66 PARTNERS LP, 3010 BRIARPARK DRIVE, HOUSTON TX 77042 |
Chukwuemeka A. Oyolu | officer: Vice President & Controller | 3010 BRIARPARK DRIVE, HOUSTON TX 77042 |
J. T. Liberti | officer: VP and Chief Operating Officer | 3010 BRIARPARK DRIVE HOUSTON TX 77042 |
Robert A Herman | director | 3010 BRIARPARK DRIVE, 9TH FLOOR, HOUSTON TX 77042 |
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