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Rose Rock Midstream LP (NYSE:RRMS)
Days Inventory
21.78 (As of Dec. 2015)

Rose Rock Midstream LP's average inventory for the three months ended in Dec. 2015 was $54.1 Mil. Rose Rock Midstream LP's cost of goods sold for the three months ended in Dec. 2015 was $226.6 Mil. Hence, Rose Rock Midstream LP's days inventory for the three months ended in Dec. 2015 was 21.78.

RRMS' s Days Inventory Range Over the Past 10 Years
Min: 8.67   Max: 35.89
Current: 24.94

8.67
35.89

During the past 7 years, Rose Rock Midstream LP's highest Days Inventory was 35.89. The lowest was 8.67. And the median was 16.89.

RRMS's Days Inventory is ranked higher than
70% of the 69 Companies
in the Global Oil & Gas Integrated industry.

( Industry Median: 35.90 vs. RRMS: 24.94 )

Rose Rock Midstream LP's days inventory increased from Dec. 2014 (11.04) to Dec. 2015 (21.78). It might indicate that Rose Rock Midstream LP's sales slowed down.

Inventory can be measured by Days Sales of Inventory (DSI). Rose Rock Midstream LP's days sales of inventory (DSI) for the three months ended in Dec. 2015 was 20.09.

Inventory turnover measures how fast the company turns over its inventory within a year. Rose Rock Midstream LP's inventory turnover for the three months ended in Dec. 2015 was 4.19.

Inventory to revenue ratio 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. Rose Rock Midstream LP's inventory to revenue ratio for the three months ended in Dec. 2015 was 0.22.


Definition

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

Rose Rock Midstream LP's Days Inventory for the fiscal year that ended in Dec. 2015 is calculated as

Days Inventory (A: Dec. 2015 )
=Average Inventory / COGS*Days in Period
=( (Inventory (A: Dec. 2014 ) + Inventory (A: Dec. 2015 )) / 2 ) / COGS (A: Dec. 2015 )*Days in Period
=( (26.722 + 59.121) / 2 ) / 754.903*365
=42.9215 / 754.903*365
=20.75

Rose Rock Midstream LP's Days Inventory for the quarter that ended in Dec. 2015 is calculated as:

Days Inventory (Q: Dec. 2015 )
=Average Inventory / COGS*Days in Period
=( (Inventory (Q: Sep. 2015 ) + Inventory (Q: Dec. 2015 )) / 2 ) / COGS (Q: Dec. 2015 )*Days in Period
=( (49.048 + 59.121) / 2 ) / 226.601*365 / 4
=54.0845 / 226.601*365 / 4
=21.78

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Explanation

An increase of Days Inventory may indicate the company's sales slowed.

1. Inventory can be measured by Days Sales of Inventory (DSI).

Rose Rock Midstream LP's Days Sales of Inventory for the three months ended in Dec. 2015 is calculated as

Days Sales of Inventory (DSI)=Average Inventory/Revenue*Days in Period
=54.0845/245.629*365 / 4
=20.09

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Rose Rock Midstream LP's Inventory Turnover for the three months ended in Dec. 2015 is calculated as

3. 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.

Rose Rock Midstream LP's Inventory to Revenue for the three months ended in Dec. 2015 is calculated as

Inventory to Revenue=Average Inventory / Revenue
=54.0845 / 245.629
=0.22

* All numbers are in millions except for per share data and ratio. All numbers are in their own 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.


Related Terms

Cost of Goods Sold, Inventory, Revenue, Inventory Turnover, Inventory to Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Rose Rock Midstream LP Annual Data

Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysInventory 0.000.000.000.0035.8918.8414.9314.518.6720.75

Rose Rock Midstream LP Quarterly Data

Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15
DaysInventory 14.9012.449.568.969.8611.0432.0828.5224.7721.78
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