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Williams Partners LP (FRA:WP8) Days Inventory : 30.86 (As of Sep. 2014)


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What is Williams Partners LP Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Williams Partners LP's Average Total Inventories for the three months ended in Sep. 2014 was €212 Mil. Williams Partners LP's Cost of Goods Sold for the three months ended in Sep. 2014 was €626 Mil. Hence, Williams Partners LP's Days Inventory for the three months ended in Sep. 2014 was 30.86.

The historical rank and industry rank for Williams Partners LP's Days Inventory or its related term are showing as below:

FRA:WP8' s Days Inventory Range Over the Past 10 Years
Min: 7.59   Med: 16.77   Max: 28.86
Current: 28.86

During the past 12 years, Williams Partners LP's highest Days Inventory was 28.86. The lowest was 7.59. And the median was 16.77.

FRA:WP8's Days Inventory is not ranked
in the Oil & Gas industry.
Industry Median: 31.81 vs FRA:WP8: 28.86

Williams Partners LP's Days Inventory increased from Sep. 2013 (25.79) to Sep. 2014 (30.86). It might indicate that Williams Partners LP's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Williams Partners LP's Inventory Turnover for the three months ended in Sep. 2014 was 2.96.

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. Williams Partners LP's Inventory-to-Revenue for the three months ended in Sep. 2014 was 0.16.


Williams Partners LP Days Inventory Historical Data

The historical data trend for Williams Partners LP's Days Inventory 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.

Williams Partners LP Days Inventory Chart

Williams Partners LP Annual Data
Trend Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.19 14.29 16.77 17.68 22.37

Williams Partners LP Quarterly Data
Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14
Days Inventory 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 25.79 25.87 24.73 31.14 30.86

Competitive Comparison of Williams Partners LP's Days Inventory

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


Williams Partners LP's Days Inventory Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Williams Partners LP's Days Inventory distribution charts can be found below:

* The bar in red indicates where Williams Partners LP's Days Inventory falls into.



Williams Partners LP Days Inventory Calculation

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

Williams Partners LP's Days Inventory for the fiscal year that ended in Dec. 2013 is calculated as

Days Inventory (A: Dec. 2013 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2012 ) + Total Inventories (A: Dec. 2013 )) / count ) / Cost of Goods Sold (A: Dec. 2013 )*Days in Period
=( (131.826 + 140.89) / 2 ) / 2225.04*365
=136.358 / 2225.04*365
=22.37

Williams Partners LP's Days Inventory for the quarter that ended in Sep. 2014 is calculated as:

Days Inventory (Q: Sep. 2014 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Jun. 2014 ) + Total Inventories (Q: Sep. 2014 )) / count ) / Cost of Goods Sold (Q: Sep. 2014 )*Days in Period
=( (203.136 + 220.384) / 2 ) / 626.232*365 / 4
=211.76 / 626.232*365 / 4
=30.86

* 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.


Williams Partners LP  (FRA:WP8) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

Williams Partners LP's Inventory Turnover for the three months ended in Sep. 2014 is calculated as

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.

Williams Partners LP's Inventory to Revenue for the three months ended in Sep. 2014 is calculated as

* 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

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.


Williams Partners LP Days Inventory Related Terms

Thank you for viewing the detailed overview of Williams Partners LP's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.


Williams Partners LP (FRA:WP8) Business Description

Traded in Other Exchanges
N/A
Address
Williams Partners LP is a publicly traded Delaware limited partnership formed by The Williams Companies, Inc. (Williams) in 2005. It is an energy infrastructure company. The Company is engaged in natural gas transportation; gathering, treating, and processing; storage; NGL fractionation; olefins production; and oil transportation. The operations of its businesses are located in North America. The Company's operations are divided into four business segments: Northeast G&P — this segment includes its natural gas gathering and processing and NGL fractionation businesses in the Marcellus and Utica shale regions, Atlantic-Gulf — this segment includes its interstate natural gas pipeline, Transco, and significant natural gas gathering and processing and crude oil production handling and transportation in the Gulf Coast region, West — this segment includes its natural gas gathering, processing and treating operations in New Mexico, Colorado, and Wyoming and its interstate natural gas pipeline, Northwest Pipeline, and NGL & Petchem Services — this segment includes its NGL and natural gas marketing business, an NGL fractionator and storage facilities near Conway, Kansas. The Company markets NGL products to a wide range of users in the energy and petrochemical industries. The NGL marketing business transports and markets its equity NGLs from the production at its processing plants, and also markets NGLs on behalf of third-party NGL producers, including some of our fee-based processing customers, and the NGL volumes owned by Discovery. The Company also market olefin products to a wide range of users in the energy and petrochemical industries. Its gathering and processing business competes with other midstream companies, interstate and intrastate pipelines, producers and independent gatherers and processors. The Company's operations are subject to federal environmental laws and regulations as well as the state, local, and tribal laws and regulations adopted by the jurisdictions in which they operate.

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