Cheniere Energy Partners LP (Cheniere Energy Partners LP) Days Inventory : 11.08 (As of Mar. 2024)

View and export this data going back to 2007. Start your Free Trial

What is Cheniere Energy Partners LP Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Cheniere Energy Partners LP's Average Total Inventories for the three months ended in Mar. 2024 was $138 Mil. Cheniere Energy Partners LP's Cost of Goods Sold for the three months ended in Mar. 2024 was $1,136 Mil. Hence, Cheniere Energy Partners LP's Days Inventory for the three months ended in Mar. 2024 was 11.08.

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

CQP' s Days Inventory Range Over the Past 10 Years
Min: 4.82 Med: 13.09 Max: 127.5
Current: 12.37

During the past 13 years, Cheniere Energy Partners LP's highest Days Inventory was 127.50. The lowest was 4.82. And the median was 13.09.

CQP's Days Inventory is ranked better than
75% of 728 companies
in the Oil & Gas industry
Industry Median: 31.185 vs CQP: 12.37

Cheniere Energy Partners LP's Days Inventory declined from Mar. 2023 (28.46) to Mar. 2024 (11.08).

Inventory Turnover measures how fast the company turns over its inventory within a year. Cheniere Energy Partners LP's Inventory Turnover for the three months ended in Mar. 2024 was 8.23.

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. Cheniere Energy Partners LP's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.06.

Cheniere Energy Partners LP Days Inventory Historical Data

The historical data trend for Cheniere Energy Partners 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.

Cheniere Energy Partners LP Days Inventory Chart

Cheniere Energy Partners LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

10.04

12.99

8.68

4.82

16.14

Cheniere Energy Partners LP Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															28.46	16.57	14.01	9.60	11.08

Competitive Comparison of Cheniere Energy Partners LP's Days Inventory

For the Oil & Gas Midstream subindustry, Cheniere Energy Partners 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.

Cheniere Energy Partners LP's Days Inventory Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Cheniere Energy Partners LP's Days Inventory falls into.

Cheniere Energy Partners LP Days Inventory Calculation

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

Cheniere Energy Partners 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
=	( (160	+	142)	/	2 )	/	3415	*	365
=	151					/	3415	*	365
=	16.14

Cheniere Energy Partners LP's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (142	+	134)	/	2 )	/	1136	*	365 / 4
=	138					/	1136	*	365 / 4
=	11.08

Cheniere Energy Partners LP (NYSE:CQP) 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.

Cheniere Energy Partners LP's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1136	/	138
	=	8.23

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.

Cheniere Energy Partners LP's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	138	/	2295
	=	0.06

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.

Cheniere Energy Partners LP Days Inventory Related Terms

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

Cheniere Energy Partners LP (Cheniere Energy Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Cheniere Energy Partners LP (NYSE:CQP) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

700 Milam Street, Suite 1900, Houston, TX, USA, 77002

Website

https://www.cheniere.com

Cheniere Energy Partners is the direct owner of the Sabine Pass LNG terminals as well as regasification facilities. It also owns the Creole Trail Pipeline, which connects the terminal to third-party gas suppliers. Cheniere Partners shares in the marketing fees generated by Cheniere Marketing from Sabine Pass marketed gas volumes.

Executives

Taylor Johnson	director, other: Deputy GC and Asst. Sec.	700 MILAM STREET, SUITE 1900, HOUSTON TX 77002
Grindal Corey	director, officer: EVP, Worldwide Trading	700 MILAM STREET, SUITE 1900, HOUSTON TX 77002
Brian Arthur Baker	director	700 MILAM ST., SUITE 1900, HOUSTON TX 77002
Bx Rockies Platform Co Llc	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Holdings Iii L.p.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Christopher Manuel Dellamore	director	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Tim Wyatt	director, officer: SVP, Corp. Dev. and Strategy	700 MILAM STREET, SUITE 1900, HOUSTON TX 77002
James Robert Ball	director	4 PROVIDENCE VILLAS, BRACKENBURY, LONDON X0 W6 0BA
Adam Kuhnley	director	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
David L Slack	officer: VP & Chief Accounting Officer	700 MILAM STREET, SUITE 1900, HOUSTON TX 77002
Matthew Jk Runkle	director	345 PARK AVENUE, NEW YORK NY 10154
Bam Partners Trust	10 percent owner	181 BAY STREET, SUITE 300, TORONTO A6 M5J 2T3
Gso Holdings I Llc	10 percent owner	C/O GSO CAPITAL PARTNERS LP, 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Inc.	10 percent owner	345 PARK AVENUE, NEW YORK NY 10154
Blackstone Holdings Ii L.p.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154