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Magellan Midstream Partners LP Change In Inventory

: $-112 Mil (TTM As of Jun. 2022)
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Magellan Midstream Partners LP's change in inventory for the quarter that ended in Jun. 2022 was $-21 Mil. It means Magellan Midstream Partners LP's inventory increased by $21 Mil from Mar. 2022 to Jun. 2022 .

Magellan Midstream Partners LP's change in inventory for the fiscal year that ended in Dec. 2021 was $-123 Mil. It means Magellan Midstream Partners LP's inventory increased by $123 Mil from Dec. 2020 to Dec. 2021 .

Magellan Midstream Partners LP's Total Inventories for the quarter that ended in Jun. 2022 was $329 Mil.

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 quarter that ended in Jun. 2022 was 85.23.

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. 2022 was 1.07.

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 Inventory-to-Revenue for the quarter that ended in Jun. 2022 was 0.40.


Magellan Midstream Partners LP Change In Inventory Historical Data

The historical data trend for Magellan Midstream Partners LP's Change In 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.

Magellan Midstream Partners LP Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Change In Inventory
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -47.97 -3.39 2.70 14.00 -122.90

Magellan Midstream Partners LP Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Change In Inventory 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 Premium Member Only Premium Member Only Premium Member Only -12.20 -5.66 -58.54 -27.10 -20.80

Magellan Midstream Partners LP Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Jun. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-112 Mil.

* 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  (NYSE:MMP) Change In Inventory Explanation

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 quarter that ended in is calculated as:

Days Inventory=Average Total Inventories/Cost of Goods Sold*Days in Period
=318.6/341.1*365 / 4
=85.23

2. 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. 2022 is calculated as

3. 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 Inventory to Revenue for the quarter that ended in Jun. 2022 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 Change In Inventory Related Terms

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Magellan Midstream Partners LP Business Description

Magellan Midstream Partners LP logo
Traded in Other Exchanges
N/A
Address
One Williams Center, P.O. Box 22186, Tulsa, OK, USA, 74121-2186
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.
Executives
Somasundaram Sivasankaran director C/O APERGY CORPORATION 2445 TECHNOLOGY FOREST BLVD, BLD 4, FL 9 THE WOODLANDS TX 77381
Roles Mark B officer: Senior Vice President ONE WILLIAMS CENTER SUITE 2800 TULSA OK 74172
Pearson Michael C officer: Senior Vice President ONE WILLIAMS CENTER SUITE 2800 TULSA OK 74172
Joung Chansoo director C/O WARBURG PINCUS LLC 450 LEXINGTON AVENUE NEW YORK NY 10017
Holman Jeffrey L officer: Senior Vice President & CFO ONE WILLIAMS CENTER TULSA OK 74172
Little Melanie A officer: Senior Vice President ONE WILLIAMS CENTER, SUITE 2800 TULSA OK 74172
Guay Edward J director ONE WILLIAMS CENTER, SUITE 2800 TULSA OK 74172
Gobillot Lori director 5103 CITY WEST BLVD. 4TH FLOOR HOUSTON TX 77042
Aaronson Michael officer: Senior Vice President 16666 NORTHCHASE DRIVE HOUSTON TX 77060
Milford Aaron L officer: Senior Vice President & CFO ONE WILLIAMS CENTER TULSA OK 74172
Methvin Stacy P. director 777 HIDDEN RIDGE IRVING TX 75038
Barnes Robert L officer: Senior Vice President ONE WILLIAMS CENTER SUITE 2800 TULSA OK 74172
Osborne Michael P officer: Senior VP & CFO ONE WILLIAMS CENTER SUITE 2800 TULSA OK 74172
May Douglas J officer: Senior Vice President ONE WILLIAMS CENTER, SUITE 4100 TULSA OK 74172
Davied Larry J officer: Senior Vice President ONE WILLIAMS CENTER SUITE 2800 TULSA OK 74172

Magellan Midstream Partners LP Headlines

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