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Western Midstream Partners LP Days Inventory

: 1.58 (As of Jun. 2021)
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Western Midstream Partners LP's Total Inventories for the three months ended in Jun. 2021 was $4 Mil. Western Midstream Partners LP's Cost of Goods Sold for the three months ended in Jun. 2021 was $216 Mil. Hence, Western Midstream Partners LP's Days Inventory for the three months ended in Jun. 2021 was 1.58.

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

NYSE:WES' s Days Inventory Range Over the Past 10 Years
Min: 0.93   Med: 2.27   Max: 6.93
Current: 0.93

0.93
6.93

During the past 13 years, Western Midstream Partners LP's highest Days Inventory was 6.93. The lowest was 0.93. And the median was 2.27.

NYSE:WES's Days Inventory is ranked lower than
99.99% of the 240 Companies
in the Oil & Gas industry.

( Industry Median: 24.83 vs. NYSE:WES: 0.93 )

Western Midstream Partners LP's Days Inventory declined from Jun. 2020 (16.92) to Jun. 2021 (1.58).

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. Western Midstream Partners LP's Inventory Turnover for the three months ended in Jun. 2021 was 57.87.

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. Western Midstream Partners LP's Inventory-to-Revenue for the three months ended in Jun. 2021 was 0.01.


Western Midstream Partners LP Days Inventory Historical Data

The historical data trend for Western 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.

Western Midstream Partners 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 2.27 2.57 4.91 6.93 6.78

Western Midstream Partners LP Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
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 16.92 0.30 0.45 1.09 1.58

Competitive Comparison

For the Oil & Gas Midstream subindustry, Western 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.

   

Western Midstream Partners LP Days Inventory Distribution

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

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



Western Midstream Partners LP Days Inventory Calculation

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

Western 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
=( (24.35 + 0.882) / 2 ) / 679.174*365
=12.616 / 679.174*365
=6.78

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

Days Inventory (Q: Jun. 2021 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Mar. 2021 ) + Total Inventories (Q: Jun. 2021 )) / count ) / Cost of Goods Sold (Q: Jun. 2021 )*Days in Period
=( (4.373 + 3.088) / 2 ) / 215.893*365 / 4
=3.7305 / 215.893*365 / 4
=1.58

* 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.


Western Midstream Partners LP  (NYSE:WES) 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).

Western Midstream Partners LP's Days Sales of Inventory for the three months ended in Jun. 2021 is calculated as

Days Sales of Inventory (DSI)=Total Inventories/Revenue*Days in Period
=3.7305/719.131*365 / 4
=0.47

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

Western Midstream Partners LP's Inventory Turnover for the three months ended in Jun. 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.

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

Inventory-to-Revenue=Total Inventories / Revenue
=3.7305 / 719.131
=0.01

* 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.


Western Midstream Partners LP Days Inventory Related Terms

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


Western Midstream Partners LP Business Description

Western Midstream Partners LP logo
Industry
Energy » Oil & Gas NAICS : 213112 SIC : 1389
Traded in Other Exchanges
N/A
Address
9950 Woodloch Forest Drive, Suite 2800, The Woodlands, TX, USA, 77380
Western Midstream Partners LP is a US-based company which own, operate, acquire and develop midstream energy assets. The company through its subsidiary is engaged in the business of gathering, processing, compressing, treating and transporting natural gas, condensate, NGLs and crude oil. It owns or has investments in assets located in the Rocky Mountains (Colorado, Utah, and Wyoming), the Mid-Continent (Kansas and Oklahoma), North-central Pennsylvania and Texas.
Executives
Stewart Lisa A director EL PASO CORPORATION 1001 LOUISIANA STREET HOUSTON TX 77002
Schulte David J director 233 WEST 47TH ST. KANSAS CITY MO 64112
Owen Kenneth F. director 15631 JACINTOPORT BLVD. HOUSTON TX 77015
Oxy Oil Partners, Inc. 10 percent owner 5 GREENWAY PLAZA, SUITE 110 HOUSTON TX 77046
Occidental Permian Manager Llc 10 percent owner 5 GREENWAY PLAZA, SUITE 110 HOUSTON TX 77046
Baseball Merger Sub 2, Inc. 10 percent owner 5 GREENWAY PLAZA, SUITE 110 HOUSTON TX 77046
Wgr Asset Holding Co Llc 10 percent owner 1201 LAKE ROBBINS DRIVE THE WOODLANDS TX 77380
Kerr-mcgee Worldwide Corp other: Former 10% Owner 1201 LAKE ROBBINS DRIVE THE WOODLANDS TX 77380
Apc Midstream Holdings, Llc 10 percent owner 1201 LAKE ROBBINS DRIVE THE WOODLANDS TX 77380
Anadarko E&p Onshore Llc other: Former 10% Owner 1201 LAKE ROBBINS DRIVE THE WOODLANDS TX 77380
Western Gas Resources Inc 10 percent owner 1099 18TH STREET, SUITE 1200 DENVER CO 80202-1955
Anadarko Petroleum Corp 10 percent owner 1201 LAKE ROBBINS DR. THE WOODLANDS TX 77380
Occidental Petroleum Corp /de/ 10 percent owner 5 GREENWAY PLAZA SUITE 110 HOUSTON TX 77046
Oxy Usa Inc 10 percent owner 5 GREENWAY PLAZA SUITE 110 HOUSTON TX 77046
Bourne Robert W. officer: SVP & Chief Commercial Officer 1400 16TH STREET SUITE 310 DENVER CO 80202

Western Midstream Partners LP Headlines

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