Westlake Chemical Partners LP (Westlake Chemical Partners LP) Change In Inventory : $1 Mil (TTM As of Mar. 2024)

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What is Westlake Chemical Partners LP Change In Inventory?

Westlake Chemical Partners LP's change in inventory for the quarter that ended in Mar. 2024 was $-0 Mil. It means Westlake Chemical Partners LP's inventory increased by $0 Mil from Dec. 2023 to Mar. 2024 .

Westlake Chemical Partners LP's change in inventory for the fiscal year that ended in Dec. 2023 was $0 Mil. It means Westlake Chemical Partners LP's inventory declined by $0 Mil from Dec. 2022 to Dec. 2023 .

Westlake Chemical Partners LP's Total Inventories for the quarter that ended in Mar. 2024 was $5 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Westlake Chemical Partners LP's Days Inventory for the quarter that ended in Mar. 2024 was 2.32.

Inventory Turnover measures how fast the company turns over its inventory within a year. Westlake Chemical Partners LP's Inventory Turnover for the quarter that ended in Mar. 2024 was 39.28.

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. Westlake Chemical Partners LP's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.02.

Westlake Chemical Partners LP Change In Inventory Historical Data

The historical data trend for Westlake Chemical 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.

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Westlake Chemical Partners LP Change In Inventory Chart

Westlake Chemical Partners LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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1.13

-0.99

-5.42

4.18

0.28

Westlake Chemical Partners LP Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															-0.75	2.21	-1.13	-0.04	-0.43

Westlake Chemical 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $1 Mil.

Westlake Chemical Partners LP (NYSE:WLKP) Change In Inventory Explanation

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

Westlake Chemical 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
	=	4.646	/	182.493	*	365 / 4
	=	2.32

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

Westlake Chemical Partners LP's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	182.493	/	4.646
	=	39.28

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.

Westlake Chemical Partners LP's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	4.646	/	284.673
	=	0.02

Westlake Chemical Partners LP Change In Inventory Related Terms

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Westlake Chemical Partners LP (Westlake Chemical Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Westlake Chemical Partners LP (NYSE:WLKP) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

2801 Post Oak Boulevard, Suite 600, Houston, TX, USA, 77056

Website

https://www.wlkpartners.com

Westlake Chemical Partners LP is a part of the chemical industry in the United States. Its operations are conducted through OpCo, it acquires and develop ethyelene production facilities, which convert ethane into ethylene. OpCo sells ethylene and its co-products such as propylene, crude butadiene, pyrolysis gasoline, and hydrogen to Westlake and other customers located in the United States. Its assets include three ethylene production facilities in Calvert City, Kentucky, and Lake Charles, Louisiana.

Executives

Andrew Kenner	officer: SVP, Olefin Material & Corp Pr	2801 POST OAK BLVD, SUITE 600, HOUSTON TX 77056
Randy Woelfel	director	3411-3433 W. EL SEGUNDO BLVD., HAWTHORNE CA 90250
G Stephen Finley	director	9320 LAKESIDE BOULEVARD, SUITE 100, THE WOODLANDS TX 77381
Lisa A. Friel	director	2611 PLUM HOLLOW, SAN ANTONIO TX 78258
James Chao	director, 10 percent owner	2801 POST OAK BLVD, SUITE 600, HOUSTON TX 77056
Thomas J. Janssens	officer: VP, Olefins Feedstock & Energy	2801 POST OAK BLVD., SUITE 600, HOUSTON TX 77056
Johnathan Stevan Zoeller	officer: VP and CAO	2801 POST OAK BLVD., SUITE 600, HOUSTON TX 77056
Albert Chao	director, 10 percent owner, officer: President & CEO	2801 POST OAK BLVD, SUITE 600, HOUSTON TX 77056
L. Benjamin Ederington	director, officer: VP, General Counsel	2801 POST OAK BLVD, SUITE 600, HOUSTON TX 77056
Mark Steven Bender	director, officer: Sr VP, CFO	2801 POST OAK BLVD, SUITE 600, HOUSTON TX 77056
Lawrence E. Teel	officer: SVP, Olefins	2801 POST OAK BLVD, SUITE 600, HOUSTON TX 77056
Ttwfgp Llc	10 percent owner	2801 POST OAK BLVD, SUITE 600, HOUSTON TX 77056
David Lumpkins	director	600 TRAVIS STREET, SUITE 3250, HOUSTON TX 77002
Angela A Minas	director	3262 WESTHEIMER ROAD #627, HOUSTON TX 77098
Blackstone Securities Partners L.p.	10 percent owner	345 PARK AVENUE, NEW YORK NY 10154-0191