Energy Transfer Operating LP (Energy Transfer Operating LP) Inventory Turnover : 4.43 (As of Dec. 2020)

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What is Energy Transfer Operating LP Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Energy Transfer Operating LP's Cost of Goods Sold for the three months ended in Dec. 2020 was $7,663 Mil. Energy Transfer Operating LP's Average Total Inventories for the quarter that ended in Dec. 2020 was $1,731 Mil. Energy Transfer Operating LP's Inventory Turnover for the quarter that ended in Dec. 2020 was 4.43.

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-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 Inventory Turnover Historical Data

The historical data trend for Energy Transfer Operating LP's Inventory Turnover 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.

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Energy Transfer Operating LP Inventory Turnover Chart

Energy Transfer Operating LP Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Inventory Turnover

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18.24

18.37

24.03

26.76

17.83

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
Inventory Turnover	Get a 7-Day Free Trial															6.55	7.15	3.86	4.39	4.43

Energy Transfer Operating LP Inventory Turnover Calculation

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

	Inventory Turnover (A: Dec. 2020 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2020 )	/ (	(Total Inventories (A: Dec. 2019 )	+	Total Inventories (A: Dec. 2020 ))	/	count )
=	29156	/ (	(1532	+	1739)	/	2 )
=	29156	/	1635.5
=	17.83

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

	Inventory Turnover (Q: Dec. 2020 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2020 )	/ (	(Total Inventories (Q: Sep. 2020 )	+	Total Inventories (Q: Dec. 2020 ))	/	count )
=	7663	/ (	(1723	+	1739)	/	2 )
=	7663	/	1731
=	4.43

Energy Transfer Operating LP (NYSE:ETP) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. 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

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.

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

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Energy Transfer Operating LP Inventory Turnover Related Terms

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

Industry

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Traded in Other Exchanges

N/A

Address

8111 Westchester Drive, Suite 600, Dallas, TX, USA, 75225

Website

http://www.energytransfer.com

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