Days Inventory is also known as Days Sales of Inventory (DSI). Equitrans Midstream's Average Total Inventories for the
three
months ended in Dec. 2023 was $16 Mil. Equitrans Midstream's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $87 Mil.
Hence, Equitrans Midstream's Days Inventory for the
three
months ended in Dec. 2023 was 16.66.
The historical rank and industry rank for Equitrans Midstream's Days Inventory or its related term are showing as below:
ETRN'
s Days Inventory Range Over the Past 10 Years
Min: 18.57 Med: 21.4 Max: 22.15
Current: 18.57
During the past 9 years, Equitrans Midstream's highest Days Inventory was 22.15. The lowest was 18.57. And the median was 21.40.
ETRN's Days Inventory is ranked better than 64.66% of 730
companies
in the Oil & Gas industry
Industry Median: 31.555
vs ETRN: 18.57
Equitrans Midstream's Days Inventory
declined
from Dec. 2022 (20.55) to Dec. 2023 (16.66).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Equitrans Midstream's Inventory Turnover for the
three
months ended in Dec. 2023 was 5.48.
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.
Equitrans Midstream's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.04.
Equitrans Midstream Days Inventory Historical Data
The historical data trend for Equitrans Midstream'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.
For the Oil & Gas Midstream subindustry, Equitrans Midstream'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.
Equitrans Midstream Days Inventory Distribution
For the Oil & Gas industry and Energy sector, Equitrans Midstream's Days Inventory distribution charts can be found below:
* The bar in red indicates where Equitrans Midstream's Days Inventory falls into.
Equitrans Midstream Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Equitrans Midstream's Days Inventory for the fiscal year that ended in Dec. 2023 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.
Equitrans Midstream (NYSE:ETRN) 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.
Equitrans Midstream's Inventory Turnover for the
three
months ended in Dec. 2023 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.
Equitrans Midstream's Inventory to Revenue for the
three
months ended in Dec. 2023 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.
Equitrans Midstream Days Inventory Related Terms
Thank you for viewing the detailed overview of Equitrans Midstream's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Equitrans Midstream (Equitrans Midstream) Business Description
Equitrans acquired EQM Midstream in mid-2020, consolidating the midstream family. Equitrans now own EQM assets directly versus just unit ownership. EQM Midstream provides gathering, transmission, and water services to primarily Appalachian producers in Pennsylvania, West Virginia, and Ohio.
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