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EQM Midstream Partners LP (EQM Midstream Partners LP) Days Inventory : 0.00 (As of Mar. 2020)


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What is EQM Midstream Partners LP Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). EQM Midstream Partners LP's Average Total Inventories for the three months ended in Mar. 2020 was $0 Mil. EQM Midstream Partners LP's Cost of Goods Sold for the three months ended in Mar. 2020 was $76 Mil. Hence, EQM Midstream Partners LP's Days Inventory for the three months ended in Mar. 2020 was 0.00.

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

EQM's Days Inventory is not ranked *
in the Oil & Gas industry.
Industry Median: 31.3
* Ranked among companies with meaningful Days Inventory only.

EQM Midstream Partners LP's Days Inventory stayed the same from Mar. 2019 (0.00) to Mar. 2020 (0.00).

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

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. EQM Midstream Partners LP's Inventory-to-Revenue for the three months ended in Mar. 2020 was 0.00.


EQM Midstream Partners LP Days Inventory Historical Data

The historical data trend for EQM 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.

EQM Midstream Partners LP Days Inventory Chart

EQM Midstream Partners LP Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Days Inventory
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EQM Midstream Partners LP Quarterly Data
Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20
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Competitive Comparison of EQM Midstream Partners LP's Days Inventory

For the Oil & Gas Midstream subindustry, EQM 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.


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

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

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



EQM Midstream Partners LP Days Inventory Calculation

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

EQM Midstream Partners LP's Days Inventory for the fiscal year that ended in Dec. 2019 is calculated as

Days Inventory (A: Dec. 2019 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2018 ) + Total Inventories (A: Dec. 2019 )) / count ) / Cost of Goods Sold (A: Dec. 2019 )*Days in Period
=( (0 + 0) / 1 ) / 276.418*365
=0 / 276.418*365
=0.00

EQM Midstream Partners LP's Days Inventory for the quarter that ended in Mar. 2020 is calculated as:

Days Inventory (Q: Mar. 2020 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2019 ) + Total Inventories (Q: Mar. 2020 )) / count ) / Cost of Goods Sold (Q: Mar. 2020 )*Days in Period
=( (0 + 0) / 1 ) / 75.695*365 / 4
=0 / 75.695*365 / 4
=0.00

* 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.


EQM Midstream Partners LP  (NYSE:EQM) 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.

EQM Midstream Partners LP's Inventory Turnover for the three months ended in Mar. 2020 is calculated as

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.

EQM Midstream Partners LP's Inventory to Revenue for the three months ended in Mar. 2020 is calculated as

* 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.


EQM Midstream Partners LP Days Inventory Related Terms

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


EQM Midstream Partners LP (EQM Midstream Partners LP) Business Description

Traded in Other Exchanges
N/A
Address
2200 Energy Drive, Canonsburg, PA, USA, 15317
EQM Midstream Partners LP owns, operates, acquires and develops midstream assets in the Appalachian Basin. It provides midstream services to EQT and third parties in the Appalachian Basin across counties in Pennsylvania and West Virginia through two assets, the transmission, and storage system and the gathering system. The company's transmission and storage system included an approximately 700-mile Federal Energy Regulatory Commission (FERC)-regulated interstate pipeline that connects to five interstate pipelines and multiple distribution companies. The transmission system is supported by associated natural gas storage reservoirs with approximately 400 MMcf per day of peak withdrawal capacity and 32 Bcf of working gas capacity and 27 compressor units.
Executives
Brian P. Pietrandrea officer: VP & CAO 2200 ENERGY DRIVE, CANONSBURG PA 15317
Kenneth Michael Burke director 11742 RIVERVIEW DRIVE, HOUSTON TX 77007
Diana M Charletta director, officer: EVP & Chief Operating Officer 2200 ENERGY DRIVE, CANONSBURG PA 15317
Eqt Corp 10 percent owner 625 LIBERTY AVENUE, SUITE 1700, PITTSBURGH PA 15222
Phillip D. Swisher officer: VP & Chief Accounting Officer 625 LIBERTY AVENUE, SUITE 2000, PITTSBURGH PA 15222
Kirk R Oliver director, officer: SVP & Chief Financial Officer 1601 BRYAN STREET, DALLAS TX 75201
Stephen A Thorington director 700 MILAM, SUITE 3100, HOUSTON TX 77002
Thomas F Karam director, officer: President & CEO C/O SOUTHERN UNION CO, ONE PEI CENTER, WILKES BARRE PA 18711-0601
Lewis B Gardner director 625 LIBERTY AVENUE, SUITE 1700, C/O EQT CORPORATION, PITTSBURGH PA 15222
Julian Mark Bott director 625 LIBERTY AVENUE, C/O EQT MIDSTREAM PARTNERS, PITTSBURGH PA 15222
Ashcroft Jeremiah J Iii director, officer: SVP & Chief Operating Officer ONE GREENWAY PLAZA, SUITE 600, HOUSTON TX 77046
M Elise Hyland director, officer: EVP & Chief Operating Officer 625 LIBERTY AVENUE, SUITE 1700, C/O EQT CORPORATION, PITTSBURGH PA 15222
Steven T Schlotterbeck director 625 LIBERTY AVENUE, SUITE 1700, C/O EQT CORPORATION, PITTSBURGH PA 15222
Jimmi Sue Smith officer: Chief Accounting Officer 625 LIBERTY AVENUE, SUITE 1700, C/O EQT CORPORATION, PITTSBURGH PA 15222
Robert Joseph Mcnally director, officer: Sr. Vice President and CFO 625 LIBERTY AVENUE, SUITE 1700, C/O EQT CORPORATION, PITTSBURGH PA 15222