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Suburban Propane Partners LP (Suburban Propane Partners LP) Total Inventories : $61 Mil (As of Dec. 2023)


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What is Suburban Propane Partners LP Total Inventories?

Suburban Propane Partners LP's total inventories for the quarter that ended in Dec. 2023 was $61 Mil. Suburban Propane Partners LP's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $61 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Suburban Propane Partners LP's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-25.68.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Suburban Propane Partners LP's Days Inventory for the three months ended in Dec. 2023 was 36.61.

Inventory Turnover measures how fast the company turns over its inventory within a year. Suburban Propane Partners LP's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.49.

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. Suburban Propane Partners LP's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.17.


Suburban Propane Partners LP Total Inventories Historical Data

The historical data trend for Suburban Propane Partners 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.

Suburban Propane Partners LP Total Inventories Chart

Suburban Propane Partners LP Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 45.04 46.87 61.80 66.92 61.83

Suburban Propane Partners LP Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 71.19 66.17 56.54 61.83 60.97

Suburban Propane Partners 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.


Suburban Propane Partners LP  (NYSE:SPH) 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.

Suburban Propane Partners LP's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

Net-Net Working Capital Per Share (Q: Dec. 2023 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(6.28+0.75 * 118.737+0.5 * 60.97-1769.715
-0-0)/64.015
=-25.68

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

Suburban Propane Partners LP's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory=Average Total Inventories (Q: Dec. 2023 )/Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=61.399/153.053*365 / 4
=36.61

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

Suburban Propane Partners LP's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Dec. 2023 ) / Average Total Inventories (Q: Dec. 2023 )
=153.053 / 61.399
=2.49

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.

Suburban Propane Partners LP's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=61.399 / 365.834
=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.


Suburban Propane Partners LP Total Inventories Related Terms

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Suburban Propane Partners LP (Suburban Propane Partners LP) Business Description

Traded in Other Exchanges
N/A
Address
240 Route 10 West, P.O. Box 206, Whippany, NJ, USA, 07981
Suburban Propane Partners LP distributes propane, fuel oil, and other refined fuels to customers in the East Coast and West Coast regions of the United States. Other operations include natural gas and electricity marketing in the deregulated New York and Pennsylvania markets. The company operates in three segments: Propane; Fuel Oil and Refined Fuels; and Natural Gas and Electricity. It generates maximum revenue from Propane segment.
Executives
Michael A Stivala officer: Controller C/O SUBURBAN PROPANE PARTNERS LP, P O BOX 206, WHIPPANY NJ 07981
Douglas Brinkworth officer: Vice President, Product Supply C/O SUBURBAN PROPANE PARTERS, L.P., 240 ROUTE 10 WEST, WHIPPANY NJ 07981
Nandini Sankara officer: VP Mark. & Brand Strategy 240 ROUTE 10 WEST, WHIPPANY NJ 07981
Samuel Hodges officer: Vice President-Area Operations 240 ROUTE 10 WEST, WHIPPANY NJ 07981
Brent Stubbs officer: VP - Area Operations 240 ROUTE 10 WEST, WHIPPANY NJ 07981
Alejandro Centeno officer: VP, Operations 240 ROUTE 10 WEST, WHIPPANY NJ 07981
Logan Harold R Jr director
Rommel Oates director 240 ROUTE 10 WEST, WHIPPANY NJ 07981
Amy Adams director 240 ROUTE 10 WEST, WHIPPANY NJ 07981
Michael A Schueler officer: Vice President-Product Supply C/O SUBURBAN PROPANE, 240 ROUTE 10 WEST, WHIPPANY NJ 07981
Bryon L Koepke officer: VP,Gen.Counsel & Secretary 240 ROUTE 10 WEST, WHIPPANY NJ 07981
Dee Arthur Tate officer: Vice President-Area Operations 240 ROUTE 10 WEST, WHIPPANY NJ 07981-0206
Daniel W. Boyd officer: Vice President-Area Operations 240 ROUTE 10 WEST, WHIPANNY NJ 07981-0206
Gregory L. Boyd officer: Vice President-Area Operations 240 ROUTE 10 WEST, WHIPPANY NJ 07981-0206
Francesca Cleffi officer: Vice President,Human Resources C/O SUBURBAN PROPANE PARTNERS, L.P., 240 ROUTE 10 WEST, WHIPPANY NJ 07981-0206