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Energy Transfer Operating LP (Energy Transfer Operating LP) Total Inventories : $1,739 Mil (As of Dec. 2020)


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What is Energy Transfer Operating LP Total Inventories?

Energy Transfer Operating LP's total inventories for the quarter that ended in Dec. 2020 was $1,739 Mil. Energy Transfer Operating LP's average total inventories from the quarter that ended in Sep. 2020 to the quarter that ended in Dec. 2020 was $1,731 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Energy Transfer Operating LP's Net-Net Working Capital per share for the quarter that ended in Dec. 2020 was $-58.08.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Energy Transfer Operating LP's Days Inventory for the three months ended in Dec. 2020 was 20.61.

Inventory Turnover measures how fast the company turns over its inventory within a year. Energy Transfer Operating LP's Inventory Turnover for the quarter that ended in Dec. 2020 was 4.43.

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. Energy Transfer Operating LP's Inventory-to-Revenue for the quarter that ended in Dec. 2020 was 0.17.


Energy Transfer Operating LP Total Inventories Historical Data

The historical data trend for Energy Transfer Operating LP's Total Inventories 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.

Energy Transfer Operating LP Total Inventories Chart

Energy Transfer Operating LP Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,626.00 2,022.00 1,677.00 1,532.00 1,739.00

Energy Transfer Operating LP Quarterly Data
Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20
Total Inventories Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,532.00 1,024.00 1,593.00 1,723.00 1,739.00

Energy Transfer Operating LP Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.


Energy Transfer Operating LP  (NYSE:ETP) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Energy Transfer Operating LP's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2020 is

Net-Net Working Capital Per Share (Q: Dec. 2020 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(366+0.75 * 3875+0.5 * 1739-63792
-0-8096)/1166.4
=-58.08

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

Energy Transfer Operating LP's Days Inventory for the three months ended in Dec. 2020 is calculated as:

Days Inventory=Average Total Inventories (Q: Dec. 2020 )/Cost of Goods Sold (Q: Dec. 2020 )*Days in Period
=1731/7663*365 / 4
=20.61

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

Energy Transfer Operating LP's Inventory Turnover for the quarter that ended in Dec. 2020 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Dec. 2020 ) / Average Total Inventories (Q: Dec. 2020 )
=7663 / 1731
=4.43

4. 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.

Energy Transfer Operating LP's Inventory to Revenue for the quarter that ended in Dec. 2020 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2020 ) / Revenue (Q: Dec. 2020 )
=1731 / 10034
=0.17

* 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

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.


Energy Transfer Operating LP Total Inventories Related Terms

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Energy Transfer Operating LP (Energy Transfer Operating LP) Business Description

Traded in Other Exchanges
N/A
Address
8111 Westchester Drive, Suite 600, Dallas, TX, USA, 75225
Energy Transfer Operating LP is a diversified midstream energy company in the country with more than 86,000 miles of pipelines traversing approximately 38 states transporting the oil and gas products. Its core operations include transportation, storage and terminalling for natural gas, crude oil, NGLs, refined products and liquid natural gas. The operating business segments of the company are intrastate transportation and storage, interstate transportation and storage, midstream, NGL and refined products transportation and services, crude oil transportation and services, investment in Sunoco LP, investment in USAC, and Other. The crude oil transportation and services segment generates maximum revenue for the company.
Executives
Easter William H Iii director 370 17TH ST, STE 2500, DENVER CO 80202