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MPLX LP Days Inventory

: 9.00 (As of Mar. 2021)
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MPLX LP's Total Inventories for the three months ended in Mar. 2021 was $123 Mil. MPLX LP's Cost of Goods Sold for the three months ended in Mar. 2021 was $1,247 Mil. Hence, MPLX LP's Days Inventory for the three months ended in Mar. 2021 was 9.00.

NYSE:MPLX' s Days Inventory Range Over the Past 10 Years
Min: 7.64   Med: 9.7   Max: 19.82
Current: 9.03

7.64
19.82

During the past 11 years, MPLX LP's highest Days Inventory was 19.82. The lowest was 7.64. And the median was 9.70.

NYSE:MPLX's Days Inventory is ranked higher than
80% of the 776 Companies
in the Oil & Gas industry.

( Industry Median: 32.48 vs. NYSE:MPLX: 9.03 )

MPLX LP's Days Inventory increased from Mar. 2020 (8.28) to Mar. 2021 (9.00). It might indicate that MPLX LP's sales slowed down.

Total Inventories can be measured by Days Sales of Inventory (DSI).

Inventory Turnover measures how fast the company turns over its inventory within a year. MPLX LP's Inventory Turnover for the three months ended in Mar. 2021 was 10.14.

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. MPLX LP's Inventory-to-Revenue for the three months ended in Mar. 2021 was 0.06.


MPLX LP Days Inventory Historical Data

* 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.

MPLX LP Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Days Inventory
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.98 9.20 7.67 7.64 8.94

MPLX LP Quarterly Data
Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21
Days Inventory Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.28 9.32 8.95 8.88 9.00

Competitive Comparison
* 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.
   

MPLX LP Days Inventory Distribution

* The bar in red indicates where MPLX LP's Days Inventory falls into.



MPLX LP Days Inventory Calculation

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

MPLX LP's Days Inventory for the fiscal year that ended in Dec. 2020 is calculated as

Days Inventory (A: Dec. 2020 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2019 ) + Total Inventories (A: Dec. 2020 )) / count ) / Cost of Goods Sold (A: Dec. 2020 )*Days in Period
=( (110 + 118) / 2 ) / 4653*365
=114 / 4653*365
=8.94

MPLX LP's Days Inventory for the quarter that ended in Mar. 2021 is calculated as:

Days Inventory (Q: Mar. 2021 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2020 ) + Total Inventories (Q: Mar. 2021 )) / count ) / Cost of Goods Sold (Q: Mar. 2021 )*Days in Period
=( (118 + 128) / 2 ) / 1247*365 / 4
=123 / 1247*365 / 4
=9.00

* 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.


MPLX LP  (NYSE:MPLX) Days Inventory Explanation

An increase of Days Inventory may indicate the company's sales slowed.

1. Total Inventories can be measured by Days Sales of Inventory (DSI).

MPLX LP's Days Sales of Inventory for the three months ended in Mar. 2021 is calculated as

Days Sales of Inventory (DSI)=Total Inventories/Revenue*Days in Period
=123/2203*365 / 4
=5.09

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

MPLX LP's Inventory Turnover for the three months ended in Mar. 2021 is calculated as

3. 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.

MPLX LP's Inventory to Revenue for the three months ended in Mar. 2021 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.


MPLX LP Days Inventory Related Terms


MPLX LP Days Inventory Headlines

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