What is Magellan Midstream Partners LP Inventory-to-Revenue?
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. Magellan Midstream Partners LP's Average Total Inventories for the quarter that ended in Jun. 2023 was $328 Mil. Magellan Midstream Partners LP's Revenue for the
three
months ended in Jun. 2023 was $877 Mil.
Magellan Midstream Partners LP's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.37.
Magellan Midstream Partners LP's Inventory-to-Revenue for the quarter that ended in Jun. 2023
declined
from Mar. 2023 (0.39) to Mar. 2023 (0.37)
A decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:
1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Magellan Midstream Partners LP's Days Inventory for the
three
months ended in Jun. 2023 was 84.88.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Magellan Midstream Partners LP's Inventory Turnover for the quarter that ended in Jun. 2023 was 1.08.
Magellan Midstream Partners LP Inventory-to-Revenue Historical Data
* 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.
Competitive Comparison of Magellan Midstream Partners LP's Inventory-to-Revenue
For the Oil & Gas Midstream subindustry, Magellan Midstream Partners LP's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue 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.
Magellan Midstream Partners LP's Inventory-to-Revenue Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Magellan Midstream Partners LP's Inventory-to-Revenue distribution charts can be found below:
* The bar in red indicates where Magellan Midstream Partners LP's Inventory-to-Revenue falls into.
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.
* 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.
An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:
1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.
Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:
1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.
More Related Terms:
1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Magellan Midstream Partners LP's Days Inventory for the
three
months ended in Jun. 2023 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.
Magellan Midstream Partners LP Inventory-to-Revenue Related Terms
Thank you for viewing the detailed overview of Magellan Midstream Partners LP's Inventory-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.
Magellan Midstream Partners LP (Magellan Midstream Partners LP) Business Description
Magellan Midstream Partners is a master limited partnership that operates pipelines and storage terminals in the Central and Eastern United States. Its assets transport, store, and distribute refined petroleum products and crude and earn a fee-based stream of cash flows. Assets include the country's longest petroleum pipeline network and several crude oil pipelines. Refined products make about 70% of operating margin, with the remainder mainly crude-oil pipelines.
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