Noble Midstream Partners LP (Noble Midstream Partners LP) Days Inventory : 0.00 (As of Mar. 2021)

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What is Noble Midstream Partners LP Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Noble Midstream Partners LP's Average Total Inventories for the three months ended in Mar. 2021 was $0.0 Mil. Noble Midstream Partners LP's Cost of Goods Sold for the three months ended in Mar. 2021 was $206.0 Mil. Hence, Noble Midstream Partners LP's Days Inventory for the three months ended in Mar. 2021 was 0.00.

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

NBLX's Days Inventory is not ranked ^*
in the Oil & Gas industry.
Industry Median: 31.29
* Ranked among companies with meaningful Days Inventory only.

Noble Midstream Partners LP's Days Inventory stayed the same from Mar. 2020 (0.00) to Mar. 2021 (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. Noble Midstream Partners LP's Inventory-to-Revenue for the three months ended in Mar. 2021 was 0.00.

Noble Midstream Partners LP Days Inventory Historical Data

The historical data trend for Noble 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.

Noble Midstream Partners LP Days Inventory Chart

Noble Midstream Partners LP Annual Data

Trend

Dec13

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Days Inventory

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Noble Midstream Partners 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	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Noble Midstream Partners LP's Days Inventory

For the Oil & Gas Midstream subindustry, Noble 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.

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

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

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

Noble Midstream Partners LP Days Inventory Calculation

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

Noble Midstream Partners 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
=	( (0	+	0)	/	1 )	/	468.762	*	365
=	0					/	468.762	*	365
=	0.00

Noble Midstream Partners 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
=	( (0	+	0)	/	1 )	/	205.966	*	365 / 4
=	0					/	205.966	*	365 / 4
=	0.00

Noble Midstream Partners LP (NAS:NBLX) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	205.966	/	0
	=

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.

Noble Midstream Partners LP's Inventory to Revenue for the three months ended in Mar. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	278.371
	=	0.00

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.

Noble Midstream Partners LP Days Inventory Related Terms

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

Noble Midstream Partners LP (Noble Midstream Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Noble Midstream Partners LP (NAS:NBLX) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

1001 Noble Energy Way, Houston, TX, USA, 77070

Website

http://www.nblmidstream.com

Noble Midstream Partners LP is to own, operate, develop and acquire a wide range of domestic midstream infrastructure assets. It provides crude oil, natural gas, and water-related midstream services through long-term, fixed-fee contracts. The company has four reportable segments which are Gathering Systems, Fresh Water Delivery Investments in midstream entities, and Corporate. It generates maximum revenue from the Gathering Systems segment. The company focuses on DJ Basin in Colorado and the Delaware Basin in Texas.

Executives

Thomas W. Christensen	officer: Chief Financial Officer	1001 NOBLE ENERGY WAY HOUSTON TX 77070
Noble Energy Inc	director, 10 percent owner	1001 NOBLE ENERGY WAY HOUSTON TX 77070
Nbl Midstream, Llc	director, 10 percent owner	1001 NOBLE ENERGY WAY HOUSTON TX 77070
Stephen Wayne Green	director	1001 NOBLE ENERGY WAY HOUSTON TX 77070
Andrei Fb Behdjet	director	1001 NOBLE ENERGY WAY HOUSTON TX 77070
Chevron Corp	director, 10 percent owner	6001 BOLLINGER CANYON ROAD, SAN RAMON CA 94583
Alana K Knowles	director	6001 BOLLINGER CANYON ROAD, SAN RAMON CA 94583
Parfitt Colin E	director	6001 BOLLINGER CANYON ROAD, SAN RAMON CA 94583
Brent J Smolik	director, officer: Chief Executive Officer	1001 NOBLE ENERGY WAY, HOUSTON TX 77070
Martin Salinas	director	1001 NOBLE ENERGY WAY, HOUSTON TX 77070
Aaron G Carlson	officer: General Counsel & Secretary	1001 NOBLE ENERGY WAY HOUSTON TX 77070
Robin H Fielder	officer: President & COO	1201 LAKE ROBBINS DRIVE, THE WOODLANDS TX 77380
Phillip S Welborn	officer: Chief Accounting Officer	1001 NOBLE ENERGY WAY HOUSTON TX 77070
Hallie A. Vanderhider	director	600 TRAVIS STREET, SUITE 3250, HOUSTON TX 77002
Andy Viens	director	370 17TH STREET, SUITE 2775, DENVER CO 80202