EnLink Midstream Partners LP (EnLink Midstream Partners LP) Days Inventory : 5.30 (As of Sep. 2018)

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What is EnLink Midstream Partners LP Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). EnLink Midstream Partners LP's Average Total Inventories for the three months ended in Sep. 2018 was $107 Mil. EnLink Midstream Partners LP's Cost of Goods Sold for the three months ended in Sep. 2018 was $1,843 Mil. Hence, EnLink Midstream Partners LP's Days Inventory for the three months ended in Sep. 2018 was 5.30.

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

ENLK's Days Inventory is not ranked ^*
in the Oil & Gas industry.
Industry Median: 31.555
* Ranked among companies with meaningful Days Inventory only.

EnLink Midstream Partners LP's Days Inventory declined from Sep. 2017 (5.74) to Sep. 2018 (5.30).

Inventory Turnover measures how fast the company turns over its inventory within a year. EnLink Midstream Partners LP's Inventory Turnover for the three months ended in Sep. 2018 was 17.21.

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. EnLink Midstream Partners LP's Inventory-to-Revenue for the three months ended in Sep. 2018 was 0.05.

EnLink Midstream Partners LP Days Inventory Historical Data

The historical data trend for EnLink Midstream 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.

EnLink Midstream Partners LP Days Inventory Chart

EnLink Midstream Partners LP Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Days Inventory

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3.49

3.20

3.54

3.82

2.96

EnLink Midstream Partners LP Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
Days Inventory	Get a 7-Day Free Trial															5.74	3.74	1.85	2.57	5.30

Competitive Comparison of EnLink Midstream Partners LP's Days Inventory

For the Oil & Gas Midstream subindustry, EnLink Midstream 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.

EnLink Midstream Partners LP's Days Inventory Distribution in the Oil & Gas Industry

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

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

EnLink Midstream Partners LP Days Inventory Calculation

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

EnLink Midstream Partners LP's Days Inventory for the fiscal year that ended in Dec. 2017 is calculated as

	Days Inventory (A: Dec. 2017 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2016 )	+	Total Inventories (A: Dec. 2017 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2017 )	*	Days in Period
=	( (31	+	39.7)	/	2 )	/	4361.5	*	365
=	35.35					/	4361.5	*	365
=	2.96

EnLink Midstream Partners LP's Days Inventory for the quarter that ended in Sep. 2018 is calculated as:

	Days Inventory (Q: Sep. 2018 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2018 )	+	Total Inventories (Q: Sep. 2018 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2018 )	*	Days in Period
=	( (60.8	+	153.4)	/	2 )	/	1843.3	*	365 / 4
=	107.1					/	1843.3	*	365 / 4
=	5.30

EnLink Midstream Partners LP (NYSE:ENLK) 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.

EnLink Midstream Partners LP's Inventory Turnover for the three months ended in Sep. 2018 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1843.3	/	107.1
	=	17.21

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.

EnLink Midstream Partners LP's Inventory to Revenue for the three months ended in Sep. 2018 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	107.1	/	2119.7
	=	0.05

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.

EnLink Midstream Partners LP Days Inventory Related Terms

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

EnLink Midstream Partners LP (EnLink Midstream Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » EnLink Midstream Partners LP (NYSE:ENLK) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.enlink.com

Crosstex Energy LP is a midstream natural gas master limited partnership that gathers, transports, processes, and markets natural gas and natural gas liquids, primarily in Texas and Louisiana. The company operates gas gathering systems in the Barnett Shale and Louisiana, the largest intrastate pipeline in Louisiana, and large processing operations in South Louisiana.

Executives

Gip Iii Stetson Gp, Llc	director, 10 percent owner	C/O GLOBAL INFRASTRUCTURE PARTNERS, 1345 AVENUE OF THE AMERICAS, 30TH FLOOR, NEW YORK NY 10105
Global Infrastructure Investors Iii, Llc	director, 10 percent owner	C/O GLOBAL INFRASTRUCTURE PARTNERS, 1345 AVENUE OF THE AMERICAS, 30TH FLOOR, NEW YORK NY 10105
Gip Iii Stetson Aggregator I, L.p.	director, 10 percent owner	C/O GLOBAL INFRASTRUCTURE PARTNERS, 1345 AVENUE OF THE AMERICAS, 30TH FLOOR, NEW YORK NY 10105
Global Infrastructure Gp Iii, L.p.	director, 10 percent owner	C/O GLOBAL INFRASTRUCTURE PARTNERS, 1345 AVENUE OF THE AMERICAS, 30TH FLOOR, NEW YORK NY 10105
Gip Iii Stetson Aggregator Ii, L.p.	director, 10 percent owner	C/O GLOBAL INFRASTRUCTURE PARTNERS, 1345 AVENUE OF THE AMERICAS, 30TH FLOOR, NEW YORK NY 10105
Gip Iii Stetson I, L.p.	director, 10 percent owner	C/O GLOBAL INFRASTRUCTURE PARTNERS, 1345 AVENUE OF THE AMERICAS, 30TH FLOOR, NEW YORK NY 10105
West Street International Infrastructure Partners Iii, L.p.	10 percent owner	200 WEST STREET, NEW YORK NY 10282
Alaina K Brooks	director, officer: EVP, CL&AO, & Secretary	2501 CEDAR SPRINGS, SUITE 100, DALLAS TX 75201
West Street European Infrastructure Partners Iii, L.p.	10 percent owner	200 WEST STREET, NEW YORK NY 10282
Broad Street Infrastructure Advisors Iii, L.l.c.	10 percent owner	200 WEST STREET, NEW YORK NY 10282
Broad Street Energy Advisors Aiv-1, L.l.c.	10 percent owner	200 WEST STREET, NEW YORK NY 10282
Enfield Holdings Advisors, Inc.	10 percent owner	301 COMMERCE STREET, FORT WORTH TX 76102
Enfield Holdings, L.p.	10 percent owner	301 COMMERCE STREET, FORT WORTH TX 76102
West Street Global Infrastructure Partners Iii, L.p.	10 percent owner	200 WEST STREET, NEW YORK NY 10282-2198
West Street Energy Partners Offshore Aiv-1, L.p.	10 percent owner	200 WEST STREET, NEW YORK NY 10282