Oasis Midstream Partners LP (Oasis Midstream Partners LP) Days Inventory : 15.08 (As of Sep. 2021)

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What is Oasis Midstream Partners LP Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Oasis Midstream Partners LP's Average Total Inventories for the three months ended in Sep. 2021 was $5.9 Mil. Oasis Midstream Partners LP's Cost of Goods Sold for the three months ended in Sep. 2021 was $35.4 Mil. Hence, Oasis Midstream Partners LP's Days Inventory for the three months ended in Sep. 2021 was 15.08.

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

OMP' s Days Inventory Range Over the Past 10 Years
Min: 20.44 Med: 35.11 Max: 35.11
Current: 20.44

During the past 6 years, Oasis Midstream Partners LP's highest Days Inventory was 35.11. The lowest was 20.44. And the median was 35.11.

OMP's Days Inventory is not ranked
in the Oil & Gas industry.
Industry Median: 31.5 vs OMP: 20.44

Oasis Midstream Partners LP's Days Inventory declined from Sep. 2020 (47.63) to Sep. 2021 (15.08).

Inventory Turnover measures how fast the company turns over its inventory within a year. Oasis Midstream Partners LP's Inventory Turnover for the three months ended in Sep. 2021 was 6.05.

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. Oasis Midstream Partners LP's Inventory-to-Revenue for the three months ended in Sep. 2021 was 0.06.

Oasis Midstream Partners LP Days Inventory Historical Data

The historical data trend for Oasis 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.

Oasis Midstream Partners LP Days Inventory Chart

Oasis Midstream Partners LP Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Days Inventory

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35.11

Oasis Midstream Partners LP Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Days Inventory	Get a 7-Day Free Trial															47.63	27.68	20.07	20.54	15.08

Competitive Comparison of Oasis Midstream Partners LP's Days Inventory

For the Oil & Gas Midstream subindustry, Oasis 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.

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

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

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

Oasis Midstream Partners LP Days Inventory Calculation

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

Oasis 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	+	6.986)	/	1 )	/	72.622	*	365
=	6.986					/	72.622	*	365
=	35.11

Oasis Midstream Partners LP's Days Inventory for the quarter that ended in Sep. 2021 is calculated as:

	Days Inventory (Q: Sep. 2021 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2021 )	+	Total Inventories (Q: Sep. 2021 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2021 )	*	Days in Period
=	( (5.878	+	5.828)	/	2 )	/	35.422	*	365 / 4
=	5.853					/	35.422	*	365 / 4
=	15.08

Oasis Midstream Partners LP (NAS:OMP) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	35.422	/	5.853
	=	6.05

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	5.853	/	105.375
	=	0.06

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.

Oasis Midstream Partners LP Days Inventory Related Terms

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Oasis Midstream Partners LP (Oasis Midstream Partners LP) Business Description

Industry

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

Comparable Companies

NVGS HMLP GLP SGU TK GLOG TNP GLOP DSSI LPG TSX:ENB EPD TSX:TRP KMI WMB ET MPLX CQP OKE TSX:PPL

Traded in Other Exchanges

N/A

Address

1001 Fannin Street, Suite 1500, Houston, TX, USA, 77002

Website

https://www.oasismidstream.com

Oasis Midstream Partners LP owns, develops, operates and acquires a diversified portfolio of midstream assets in North America that are integral to the oil and natural gas operations of Oasis Petroleum. The assets are located in the Williston Basin. It offers full-service midstream solutions to customers covering their oil, gas and water needs. The company generates revenues through long-term, fee-based contractual arrangements.

Executives

Taylor L Reid	director, officer: Chief Executive Officer	1001 FANNIN STREET, SUITE 202, HOUSTON TX 77002
Michael H Lou	director, officer: President	1001 FANNIN STREET, SUITE 202, HOUSTON TX 77002
Nickolas J Lorentzatos	director, officer: EVP, GC and Corporate Sec	1001 FANNIN STREET, SUITE 1500, HOUSTON TX 77002
Thomas B Nusz	director	1001 FANNIN STREET, SUITE 202, HOUSTON TX 77002
Richard N Robuck	officer: SVP and CFO	1001 FANNIN STREET SUITE 1500 HOUSTON TX 77002
Phil D Kramer	director	4747 GAILLARDIA PARKWAY, OKLAHOMA CITY OK 73142
Matthew D Fitzgerald	director	1111 BAGBY, SUITE 1600, HOUSTON TX 77002
Harry N Pefanis	director	333 CLAY STREET, STE 1600, HOUSTON TX 77002
Oasis Petroleum Inc.	10 percent owner	1001 FANNIN STREET, SUITE 1500, HOUSTON TX 77002
Oasis Petroleum Llc	10 percent owner	1001 FANNIN STREET, SUITE 202, HOUSTON TX 77002
Oms Holdings Llc	10 percent owner	1001 FANNIN STREET, SUITE 1500, HOUSTON TX 77002
Omp Gp Llc	director	1001 FANNIN STREET SUITE 1500 HOUSTON TX 77002