Plains All American Pipeline LP (FRA:PLM) Inventory Turnover : 21.11 (As of Mar. 2024)

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What is Plains All American Pipeline 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. Plains All American Pipeline LP's Cost of Goods Sold for the three months ended in Mar. 2024 was €10,607 Mil. Plains All American Pipeline LP's Average Total Inventories for the quarter that ended in Mar. 2024 was €503 Mil. Plains All American Pipeline LP's Inventory Turnover for the quarter that ended in Mar. 2024 was 21.11.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Plains All American Pipeline LP's Days Inventory for the three months ended in Mar. 2024 was 4.32.

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. Plains All American Pipeline LP's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.05.

Plains All American Pipeline LP Inventory Turnover Historical Data

The historical data trend for Plains All American Pipeline 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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Plains All American Pipeline LP Inventory Turnover Chart

Plains All American Pipeline LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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51.02

33.88

58.30

75.81

72.40

Plains All American Pipeline LP Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															19.90	26.66	23.99	20.69	21.11

Plains All American Pipeline LP Inventory Turnover Calculation

Plains All American Pipeline LP's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	43102.668	/ (	(688.176	+	502.516)	/	2 )
=	43102.668	/	595.346
=	72.40

Plains All American Pipeline LP's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	10606.68	/ (	(502.516	+	0)	/	1 )
=	10606.68	/	502.516
=	21.11

Plains All American Pipeline LP (FRA:PLM) 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.

Plains All American Pipeline LP's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	502.516	/	10606.68	*	365 / 4
	=	4.32

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.

Plains All American Pipeline LP's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	502.516	/	11035.4
	=	0.05

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.

Plains All American Pipeline LP Inventory Turnover Related Terms

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Plains All American Pipeline LP (FRA:PLM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Plains All American Pipeline LP (FRA:PLM) » Definitions » Inventory Turnover

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Traded in Other Exchanges

PAA:USA

Address

333 Clay Street, Suite 1600, Houston, TX, USA, 77002

Website

https://www.plainsallamerican.com

Plains All American provides transportation, storage, processing, fractionation, and marketing services for crude oil, refined products, natural gas liquids, liquefied petroleum gas, and related products. Plains' assets span the United States and Alberta, Canada, but are heavily concentrated in the Permian Basin.