Inergy Midstream LP (Inergy Midstream LP) Days Payable : 34.41 (As of Jun. 2015)

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What is Inergy Midstream LP Days Payable?

Inergy Midstream LP's average Accounts Payable for the three months ended in Jun. 2015 was $119 Mil. Inergy Midstream LP's Cost of Goods Sold for the three months ended in Jun. 2015 was $316 Mil. Hence, Inergy Midstream LP's Days Payable for the three months ended in Jun. 2015 was 34.41.

The historical rank and industry rank for Inergy Midstream LP's Days Payable or its related term are showing as below:

NRGM' s Days Payable Range Over the Past 10 Years
Min: 12.17 Med: 54.56 Max: 190.71
Current: 24.69

During the past 6 years, Inergy Midstream LP's highest Days Payable was 190.71. The lowest was 12.17. And the median was 54.56.

NRGM's Days Payable is not ranked
in the Oil & Gas industry.
Industry Median: 59.43 vs NRGM: 24.69

Inergy Midstream LP's Days Payable increased from Jun. 2014 (33.91) to Jun. 2015 (34.41). It may suggest that Inergy Midstream LP delayed paying its suppliers.

Inergy Midstream LP Days Payable Historical Data

The historical data trend for Inergy Midstream LP's Days Payable 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.

Inergy Midstream LP Days Payable Chart

Inergy Midstream LP Annual Data

Trend

Sep09

Sep10

Sep11

Sep12

Dec13

Dec14

Days Payable

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85.17

38.94

59.07

97.76

26.43

Inergy Midstream LP Quarterly Data
	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15
Days Payable	Get a 7-Day Free Trial															33.91	31.32	33.53	40.55	34.41

Competitive Comparison of Inergy Midstream LP's Days Payable

For the Oil & Gas Midstream subindustry, Inergy Midstream LP's Days Payable, along with its competitors' market caps and Days Payable 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.

Inergy Midstream LP's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Inergy Midstream LP's Days Payable distribution charts can be found below:

* The bar in red indicates where Inergy Midstream LP's Days Payable falls into.

Inergy Midstream LP Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Inergy Midstream LP's Days Payable for the fiscal year that ended in Dec. 2014 is calculated as

	Days Payable (A: Dec. 2014 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2013 )	+	Accounts Payable (A: Dec. 2014 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2014 )	*	Days in Period
=	( (154.5	+	126.1)	/	2 )	/	1937.5	*	365
=	140.3					/	1937.5	*	365
=	26.43

Inergy Midstream LP's Days Payable for the quarter that ended in Jun. 2015 is calculated as:

	Days Payable (Q: Jun. 2015 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2015 )	+	Accounts Payable (Q: Jun. 2015 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2015 )	*	Days in Period
=	( (128.6	+	109.8)	/	2 )	/	316.1	*	365 / 4
=	119.2					/	316.1	*	365 / 4
=	34.41

Inergy Midstream LP Days Payable Related Terms

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Inergy Midstream LP (Inergy Midstream LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Inergy Midstream LP (NYSE:NRGM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.crestwoodlp.com

Crestwood Midstream Partners LP, formerly known as Inergy Midstream, L.P., is a Delaware limited partnership formed in November 2011. The Company develops, acquires, owns and operates fee-based assets and operations within the energy midstream sector. The Company owns and operates a diversified portfolio of crude oil and natural gas gathering, processing, storage and transportation assets that connect energy supply with energy demand across North America. The Company has three reporting segments: Gathering and Processing, NGL and crude services, and Storage and Transportation. The Gathering and Processing operations engage in the gathering, processing, treating, compression, transportation and sales of natural gas and the delivery of NGLs. In Gathering and Processing, the Company provides natural gas gathering, processing, treating and compression services to producers in unconventional shale plays located in West Virginia, Wyoming, Texas, Arkansas, New Mexico and Louisiana. The Company owns rich gas systems in the Marcellus, Powder River Basin, Niobrara, Barnett, Granite Wash, and Avalon/Bone Spring Shale plays, and dry gas gathering systems in the Barnett, Fayetteville and Haynesville/Bossier Shale plays. The NGL and crude services operations provide gathering, storage and transportation services to producers, refiners, marketers, and others that effectively provide flow assurances to customers, as well as the production and sale of salt products. Operations in NGL and Crude segment include crude oil rail terminals, the Arrow gathering system, an NGL storage facility, and U.S Salt, LLC. The Storage and Transportation operations provide natural gas storage and transportations services to third parties. The corporate operations include all general and administrative expenses that are not allocated to the reportable segments. The Company owns and operates four natural gas storage facilities located in New York and Pennsylvania that have an aggregate working gas storage capacity of approximately 41.0 Bcf namely Stagecoach, Thomas Corners, Steuben, and Seneca Lake. Further, the Company owns natural gas transportation facilities located in New York and Pennsylvania namely North-South Facilities, MARC I Pipeline, and East Pipeline. Sales of crude oil, NGLs and salt are recognized at the time product is shipped or delivered to the customer depending on the sales terms. The Company is expanding its gathering and compression facilities in the Marcellus Shale.

Executives

John J Sherman	director	C/O CRESTWOOD EQUITY PARTNERS LP, 811 MAIN ST., SUITE 3400, HOUSTON TX 77002
Crestwood Gas Services Holdings Llc	director, 10 percent owner	717 TEXAS AVENUE, SUITE 3150, HOUSTON TX 77002
Crestwood Holdings Llc	director, 10 percent owner	717 TEXAS AVENUE, SUITE 3150, HOUSTON TX 77002
Fr Xi Cmp Holdings Llc	director, 10 percent owner	ONE LAFAYETTE PLACE, GREENWICH CT 06830
Crestwood Holdings Ii Llc	director, 10 percent owner	811 MAIN STREET, SUITE 3400, HOUSTON TX 77002
Crestwood Holdings Partners, Llc	director, 10 percent owner	717 TEXAS AVENUE, SUITE 3150, HOUSTON TX 77002
Fr Midstream Holdings Llc	director, 10 percent owner	ONE LAFAYETTE PLACE, THIRD FLOOR, GREENWICH CT 06830
First Reserve Gp Xi, L.p.	director, 10 percent owner	262 HARBOR DRIVE, THIRD FLOOR, STAMFORD CT 06902
First Reserve Gp Xi, Inc.	director, 10 percent owner	262 HARBOR DRIVE, THIRD FLOOR, STAMFORD CT 06902
William C Gautreaux	officer: President, Liquids and Crude
Michael Gordon France	director	600 TRAVIS STREET, SUITE 6000, HOUSTON TX 77002
David Lumpkins	director	600 TRAVIS STREET, SUITE 3250, HOUSTON TX 77002
William E Macaulay	director, 10 percent owner	290 HARBOR DRIVE, FIFTH FLOOR, STAMFORD CT 06902
J Heath Deneke	officer: Chief Operating Officer	700 LOUISIANA STREET, SUITE 2550, HOUSTON TX 77002
Warren H Gfeller	director

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