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Days Inventory is also known as Days Sales of Inventory (DSI). DCP Midstream LP's Average Total Inventories for the three months ended in Mar. 2023 was $56 Mil. DCP Midstream LP's Cost of Goods Sold for the three months ended in Mar. 2023 was $2,318 Mil. Hence, DCP Midstream LP's Days Inventory for the three months ended in Mar. 2023 was 2.18.
The historical rank and industry rank for DCP Midstream LP's Days Inventory or its related term are showing as below:
During the past 13 years, DCP Midstream LP's highest Days Inventory was 10.35. The lowest was 1.82. And the median was 3.36.
DCP Midstream LP's Days Inventory increased from Mar. 2022 (1.77) to Mar. 2023 (2.18). It might indicate that DCP Midstream LP's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year. DCP Midstream LP's Inventory Turnover for the three months ended in Mar. 2023 was 41.77.
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. DCP Midstream LP's Inventory-to-Revenue for the three months ended in Mar. 2023 was 0.02.
The historical data trend for DCP Midstream 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.
DCP Midstream LP Annual Data | |||||||||||||||||||||
Trend | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
Days Inventory | Get a 7-Day Free Trial | 3.19 | 3.55 | 2.99 | 2.18 | 2.20 |
DCP Midstream LP Quarterly Data | ||||||||||||||||||||
Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | |
Days Inventory | Get a 7-Day Free Trial | 1.77 | 1.88 | 1.84 | 2.28 | 2.18 |
For the Oil & Gas Midstream subindustry, DCP Midstream 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.
For the Oil & Gas industry and Energy sector, DCP Midstream LP's Days Inventory distribution charts can be found below:
* The bar in red indicates where DCP Midstream LP's Days Inventory falls into.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
DCP Midstream LP's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as
Days Inventory (A: Dec. 2022 ) | |||||||||
= | Average Total Inventories | / | Cost of Goods Sold | * | Days in Period | ||||
= | ( (Total Inventories (A: Dec. 2021 ) | + | Total Inventories (A: Dec. 2022 )) | / | count ) | / | Cost of Goods Sold (A: Dec. 2022 ) | * | Days in Period |
= | ( (77 | + | 83) | / | 2 ) | / | 13250 | * | 365 |
= | 80 | / | 13250 | * | 365 | ||||
= | 2.20 |
DCP Midstream LP's Days Inventory for the quarter that ended in Mar. 2023 is calculated as:
Days Inventory (Q: Mar. 2023 ) | |||||||||
= | Average Total Inventories | / | Cost of Goods Sold | * | Days in Period | ||||
= | ( (Total Inventories (Q: Dec. 2022 ) | + | Total Inventories (Q: Mar. 2023 )) | / | count ) | / | Cost of Goods Sold (Q: Mar. 2023 ) | * | Days in Period |
= | ( (83 | + | 28) | / | 2 ) | / | 2318 | * | 365 / 4 |
= | 55.5 | / | 2318 | * | 365 / 4 | ||||
= | 2.18 |
* 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.
DCP Midstream LP (NYSE:DCP) 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.
DCP Midstream LP's Inventory Turnover for the three months ended in Mar. 2023 is calculated as
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 2318 | / | 55.5 | |
= | 41.77 |
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.
DCP Midstream LP's Inventory to Revenue for the three months ended in Mar. 2023 is calculated as
Inventory-to-Revenue | = | Average Total Inventories | / | Revenue |
= | 55.5 | / | 2726 | |
= | 0.02 |
* 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.
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.
Thank you for viewing the detailed overview of DCP Midstream LP's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Scott Richard Delmoro | officer: Principal Financial Officer | 6900 E. LAYTON AVE, SUITE 900, DENVER CO 80237 |
Timothy D. Roberts | director | C/O PHILLIPS 66 PARTNERS LP, 3010 BRIARPARK DRIVE, HOUSTON TX 77042 |
Clifford Todd Denton | director | 2331 CITYWEST BLVD., HOUSTON TX 77042 |
Phillips 66 Co | 10 percent owner | 2331 CITYWEST BLVD., HOUSTON TX 77042 |
66 Phillips | 10 percent owner | 2331 CITYWEST BLVD., HOUSTON TX 77042 |
Phillips 66 Project Development Inc. | 10 percent owner | P.O. BOX 4428, HOUSTON TX 77210 |
Phillips 66 Project Shareholder Inc. | 10 percent owner | 2331 CITYWEST BLVD., HOUSTON TX 77042 |
Phillips Gas Co Llc | 10 percent owner | 2331 CITYWEST BLVD., HOUSTON TX 77042 |
Kevin J Mitchell | director | 3010 BRIARPARK DRIVE, HOUSTON TX 77042 |
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