CSI Compressco LP (CSI Compressco LP) Days Inventory : 58.85 (As of Dec. 2023)

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What is CSI Compressco LP Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). CSI Compressco LP's Average Total Inventories for the three months ended in Dec. 2023 was $45.8 Mil. CSI Compressco LP's Cost of Goods Sold for the three months ended in Dec. 2023 was $71.1 Mil. Hence, CSI Compressco LP's Days Inventory for the three months ended in Dec. 2023 was 58.85.

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

CCLP' s Days Inventory Range Over the Past 10 Years
Min: 47.64 Med: 56.93 Max: 107.84
Current: 61.06

During the past 13 years, CSI Compressco LP's highest Days Inventory was 107.84. The lowest was 47.64. And the median was 56.93.

CCLP's Days Inventory is not ranked
in the Oil & Gas industry.
Industry Median: 31.41 vs CCLP: 61.06

CSI Compressco LP's Days Inventory increased from Dec. 2022 (55.52) to Dec. 2023 (58.85). It might indicate that CSI Compressco LP's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. CSI Compressco LP's Inventory Turnover for the three months ended in Dec. 2023 was 1.55.

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. CSI Compressco LP's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.47.

CSI Compressco LP Days Inventory Historical Data

The historical data trend for CSI Compressco 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.

CSI Compressco LP Days Inventory Chart

CSI Compressco LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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68.56

48.60

47.64

52.39

57.59

CSI Compressco LP Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															55.52	62.49	64.90	61.44	58.85

Competitive Comparison of CSI Compressco LP's Days Inventory

For the Oil & Gas Equipment & Services subindustry, CSI Compressco 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.

CSI Compressco LP's Days Inventory Distribution in the Oil & Gas Industry

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

* The bar in red indicates where CSI Compressco LP's Days Inventory falls into.

CSI Compressco LP Days Inventory Calculation

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

CSI Compressco LP's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (45.902	+	44.932)	/	2 )	/	287.865	*	365
=	45.417					/	287.865	*	365
=	57.59

CSI Compressco LP's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (46.715	+	44.932)	/	2 )	/	71.053	*	365 / 4
=	45.8235					/	71.053	*	365 / 4
=	58.85

CSI Compressco LP (NAS:CCLP) 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.

CSI Compressco LP's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	71.053	/	45.8235
	=	1.55

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.

CSI Compressco LP's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	45.8235	/	98.271
	=	0.47

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.

CSI Compressco LP Days Inventory Related Terms

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

CSI Compressco LP (CSI Compressco LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » CSI Compressco LP (NAS:CCLP) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

1735 Hughes Landing Boulevard, Suite 200, The Woodlands, TX, USA, 77380

Website

https://www.csicompressco.com

CSI Compressco LP is a limited partnership operating in the U.S. The company is a provider of compression services and equipment for natural gas and oil production, gathering, transportation, processing, and storage. It sells standard and custom-designed compressor packages and oil field fluid pump systems and provides aftermarket services and compressor package parts and components manufactured by third-party suppliers. In addition, the company provides compression services and equipment to natural gas and oil exploration and production, midstream, and transmission companies. The majority of the company's revenue comes from the United States.

Executives

James R Larson	director	CSI COMPRESSCO LP, 1735 HUGHES LANDING BLVD STE 200, THE WOODLANDS TX 77380
Joseph P. Mcelroy	director	1735 HUGHES LANDING BOULEVARD, SUITE 200, THE WOODLANDS TX 77380
John Earl Jackson	director, officer: Chief Executive Officer	12001 NORTH HOUSTON ROSSLYN, HOUSTON TX 77086
Michael James Tucker	director	1735 HUGHES LANDING BOULEVARD, SUITE 200, THE WOODLANDS TX 77380
Jonathan W. Byers	director, officer: Chief Financial Officer	9595 SIX PINES DRIVE, SUITE 4000, THE WOODLANDS TX 77380
Riplee L Parkening	officer: Controller	1735 HUGHES LANDING BOULEVARD, SUITE 200, THE WOODLANDS TX 77380
Rodney P Pruski	officer: Vice President of Operations	1735 HUGHES LANDING BOULEVARD, SUITE 200, THE WOODLANDS TX 77380
Stephen R. Gill	director	9595 SIX PINES DRIVE, SUITE 4000, THE WOODLANDS TX 77380
Spartan Energy Partners Gp Llc	10 percent owner	9595 SIX PINES DRIVE, SUITE 4000, THE WOODLANDS TX 77380
Spartan Energy Partners Lp	10 percent owner	9595 SIX PINES DRIVE, SUITE 4000, THE WOODLANDS TX 77380
Derek J Anchondo	officer: Assistant General Counsel	1735 HUGHES LANDING BLVD STE 200, THE WOODLANDS TX 77380
Robert Wesley Price	director, officer: Chief Operating Officer	9595 SIX PINES DRIVE, SUITE 4000, THE WOODLANDS TX 77380
Denise Essenberg	director	1735 HUGHES LANDING BLVD STE 200, THE WOODLANDS TX 77380
Ted A Gardner	director	1001 LOUISIANA, SUITE 1000, HOUSTON TX 77002
Spartan Energy Holdco Llc	10 percent owner	9595 SIX PINES DRIVE, SUITE 4000, THE WOODLANDS TX 77380