Plains GP Holdings LP (Plains GP Holdings LP) Days Inventory : 4.49 (As of Dec. 2023)

View and export this data going back to 2013. Start your Free Trial

What is Plains GP Holdings LP Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Plains GP Holdings LP's Average Total Inventories for the three months ended in Dec. 2023 was $583 Mil. Plains GP Holdings LP's Cost of Goods Sold for the three months ended in Dec. 2023 was $11,832 Mil. Hence, Plains GP Holdings LP's Days Inventory for the three months ended in Dec. 2023 was 4.49.

The historical rank and industry rank for Plains GP Holdings LP's Days Inventory or its related term are showing as below:

PAGP' s Days Inventory Range Over the Past 10 Years
Min: 4.36 Med: 8.55 Max: 23.23
Current: 4.36

During the past 13 years, Plains GP Holdings LP's highest Days Inventory was 23.23. The lowest was 4.36. And the median was 8.55.

PAGP's Days Inventory is ranked better than
90.14% of 730 companies
in the Oil & Gas industry
Industry Median: 31.555 vs PAGP: 4.36

Plains GP Holdings LP's Days Inventory declined from Dec. 2022 (4.96) to Dec. 2023 (4.49).

Inventory Turnover measures how fast the company turns over its inventory within a year. Plains GP Holdings LP's Inventory Turnover for the three months ended in Dec. 2023 was 20.31.

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. Plains GP Holdings LP's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.05.

Plains GP Holdings LP Days Inventory Historical Data

The historical data trend for Plains GP Holdings 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.

Plains GP Holdings LP Days Inventory Chart

Plains GP Holdings LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

7.55

10.83

6.64

5.10

5.11

Plains GP Holdings LP Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															4.96	4.70	3.51	3.95	4.49

Competitive Comparison of Plains GP Holdings LP's Days Inventory

For the Oil & Gas Midstream subindustry, Plains GP Holdings 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.

Plains GP Holdings LP's Days Inventory Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Plains GP Holdings LP's Days Inventory distribution charts can be found below:

* The bar in red indicates where Plains GP Holdings LP's Days Inventory falls into.

Plains GP Holdings LP Days Inventory Calculation

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

Plains GP Holdings LP's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (729	+	548)	/	2 )	/	45582	*	365
=	638.5					/	45582	*	365
=	5.11

Plains GP Holdings LP's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (617	+	548)	/	2 )	/	11832	*	365 / 4
=	582.5					/	11832	*	365 / 4
=	4.49

Plains GP Holdings LP (NAS:PAGP) 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.

Plains GP Holdings LP's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	11832	/	582.5
	=	20.31

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.

Plains GP Holdings LP's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	582.5	/	12698
	=	0.05

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.

Plains GP Holdings LP Days Inventory Related Terms

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

Plains GP Holdings LP (Plains GP Holdings LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Plains GP Holdings LP (NAS:PAGP) » Definitions » Days Inventory

Comparable Companies

STNG CEQP HEP GLNG INSW ETRN NS VNOM HESM KNTK TSX:ENB EPD WMB ET LNG OKE MPLX KMI TSX:TRP CQP

Traded in Other Exchanges

N/A

Address

333 Clay Street, Suite 1600, Houston, TX, USA, 77002

Website

https://www.plains.com

Plains All American provides transportation, storage, processing, fractionation, and marketing services for crude oil, refined products, natural gas liquids, liquefied petroleum gas, and related products. Plains' assets span the United States and Alberta, Canada, but are heavily concentrated in the Permian Basin.

Executives

Willie Cw Chiang	director, officer: Chairman & CEO	370 17TH STREET, SUITE 2775, DENVER CO 80202
Jeremy L. Goebel	officer: EVP & CCO	333 CLAY STREET, SUITE 1600, HOUSTON TX 77002
Ellen Desanctis	director	12326 OLD OAKS, HOUSTON TX 77024
Kevin S Mccarthy	director	C/O KAYNE ANDERSON CAPITAL ADVISORS, LP, 1800 AVENUE OF THE STARS, SECOND FLOOR, LOS ANGELES CA 90067
Gary R Petersen	director	210 HEDWIG, HOUSTON TX 77019
Victor Burk	director	C/O ENERVEST MANAGEMENT PARTNERS LTD, 1001 FANNIN STREET, SUITE 800, HOUSTON TX 77002
Lawrence Michael Ziemba	director	600 NORTH DAIRY ASHFORD, HOUSTON TX 77079
John T Raymond	director	THE ENERGY & MINERALS GROUP, 811 MAIN STREET, SUITE 4200, HOUSTON TX 77002
Alexandra Pruner	director	1201 LAKE ROBBINS DRIVE, THE WOODLANDS TX 77380
Bobby S Shackouls	director	5051 WESTHEIMER, STE 1400, HOUSTON TX 77056-5604
Chris Temple	director	3953 MAPLE AVENUE, SUITE 180, DALLAS TX 75219
Emg Investment, Llc	director, See Remarks	1401 MCKINNEY STREET, SUITE 1025, HOUSTON TX 77010
Robert V Sinnott	director	1800 AVENUE OF THE STARS, 3RD FLOOR, LOS ANGELES CA 90067
Greg L Armstrong	director, 10 percent owner, officer: Chairman & CEO
Harry N Pefanis	officer: President & COO	333 CLAY STREET, STE 1600, HOUSTON TX 77002