Plains All American Pipeline LP (Plains All American Pipeline LP) Days Inventory

: 4.36 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Plains All American Pipeline LP's Average Total Inventories for the three months ended in Dec. 2023 was $583 Mil. Plains All American Pipeline LP's Cost of Goods Sold for the three months ended in Dec. 2023 was $12,194 Mil. Hence, Plains All American Pipeline LP's Days Inventory for the three months ended in Dec. 2023 was 4.36.

The historical rank and industry rank for Plains All American Pipeline LP's Days Inventory or its related term are showing as below:

PAA' s Days Inventory Range Over the Past 10 Years
Min: 4.23 Med: 8.23 Max: 21.78
Current: 4.23

During the past 13 years, Plains All American Pipeline LP's highest Days Inventory was 21.78. The lowest was 4.23. And the median was 8.23.

PAA's Days Inventory is ranked better than
90.67% of 729 companies
in the Oil & Gas industry
Industry Median: 31.63 vs PAA: 4.23

Plains All American Pipeline LP's Days Inventory declined from Dec. 2022 (4.83) to Dec. 2023 (4.36).

Inventory Turnover measures how fast the company turns over its inventory within a year. Plains All American Pipeline LP's Inventory Turnover for the three months ended in Dec. 2023 was 20.93.

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. Plains All American Pipeline LP's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.05.

Plains All American Pipeline LP Days Inventory Historical Data

The historical data trend for Plains All American Pipeline 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.

Plains All American Pipeline LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

7.24

10.30

6.47

4.98

4.96

Plains All American Pipeline 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																4.83	4.56	3.40	3.82	4.36

Competitive Comparison

For the Oil & Gas Midstream subindustry, Plains All American Pipeline 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.

Plains All American Pipeline LP Days Inventory Distribution

For the Oil & Gas industry and Energy sector, Plains All American Pipeline LP's Days Inventory distribution charts can be found below:

* The bar in red indicates where Plains All American Pipeline LP's Days Inventory falls into.

Plains All American Pipeline LP Days Inventory Calculation

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

Plains All American Pipeline 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
=	( (729	+	548)	/	2 )	/	47004	*	365
=	638.5					/	47004	*	365
=	4.96

Plains All American Pipeline 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
=	( (617	+	548)	/	2 )	/	12194	*	365 / 4
=	582.5					/	12194	*	365 / 4
=	4.36

Plains All American Pipeline LP (NAS:PAA) 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.

Plains All American Pipeline LP's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	12194	/	582.5
	=	20.93

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.

Plains All American Pipeline LP's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	582.5	/	12698
	=	0.05

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.

Plains All American Pipeline LP Days Inventory Related Terms

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

Plains All American Pipeline LP (Plains All American Pipeline LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Plains All American Pipeline LP (NAS:PAA) » Definitions » Days Inventory

Comparable Companies

WES AM ENLC DTM ETRN FRO STNG PAGP VNOM NS TSX:ENB EPD ET WMB OKE MPLX TSX:TRP KMI LNG TRGP

Traded in Other Exchanges

N/A

Address

333 Clay Street, Suite 1600, Houston, TX, USA, 77002

Website

https://www.plainsallamerican.com

Plains All American provides transportation, storage, processing, fractionation, and marketing services for crude oil, refined products, natural gas liquids, liquefied petroleum gas, and related products. Plains' assets span the United States and Alberta, Canada, but are heavily concentrated in the Permian Basin.

Executives

Jeremy L. Goebel	officer: EVP & CCO	333 CLAY STREET, SUITE 1600, HOUSTON TX 77002
Ellen Desanctis	director	12326 OLD OAKS, HOUSTON TX 77024
Willie Cw Chiang	director, officer: Chairman & CEO	370 17TH STREET, SUITE 2775, DENVER CO 80202
Chris Herbold	officer: Sr. VP Finance and CAO	333 CLAY STREET, SUITE 1600, HOUSTON TX 77002
Richard K. Mcgee	officer: EVP, General Counsel & Sec.	333 CLAY STREET, SUITE 1500, HOUSTON TX 77002
Al Swanson	officer: EVP & CFO	333 CLAY STREET, # 1600, HOUSTON TX 77002
Kevin S Mccarthy	director	C/O KAYNE ANDERSON CAPITAL ADVISORS, LP, 1800 AVENUE OF THE STARS, SECOND FLOOR, LOS ANGELES CA 90067
Chris R. Chandler	officer: EVP & COO	333 CLAY STREET, SUITE 1600, HOUSTON TX 77002
Harry N Pefanis	director, officer: President	333 CLAY STREET, STE 1600, HOUSTON TX 77002
Plains Gp Holdings Lp	director, 10 percent owner	333 CLAY ST, SUITE 1600, HOUSTON TX 77002
Paa Gp Holdings Llc	director, 10 percent owner	333 CLAY ST, SUITE 1600, HOUSTON TX 77002
Plains All American Gp Llc	director, 10 percent owner	333 CLAY STREET, SUITE 1600, HOUSTON TX 77002
Plains Aap, L.p.	director, 10 percent owner	333 CLAY STREET, SUITE 1600, HOUSTON TX 77002
Chris Temple	director	3953 MAPLE AVENUE, SUITE 180, DALLAS TX 75219
Kayne Anderson Capital Advisors Lp	director, other: See remarks	2121 AVENUE OF THE STARS, 9TH FLOOR, LOS ANGELES CA 90067