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EQM Midstream Partners LP's total inventories for the quarter that ended in Mar. 2020 was $0 Mil. EQM Midstream Partners LP's average total inventories from the quarter that ended in Dec. 2019 to the quarter that ended in Mar. 2020 was $0 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. EQM Midstream Partners LP's Net-Net Working Capital per share for the quarter that ended in Mar. 2020 was $-35.98.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. EQM Midstream Partners LP's Days Inventory for the three months ended in Mar. 2020 was 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. EQM Midstream Partners LP's Inventory-to-Revenue for the quarter that ended in Mar. 2020 was 0.00.
The historical data trend for EQM Midstream Partners LP's Total Inventories 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.
EQM Midstream Partners LP Annual Data | |||||||||||||||||||||
Trend | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | |||||||||||
Total Inventories | Get a 7-Day Free Trial | - | - | - | - | - |
EQM Midstream Partners LP Quarterly Data | ||||||||||||||||||||
Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | |
Total Inventories | Get a 7-Day Free Trial | - | - | - | - | - |
Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.
EQM Midstream Partners LP (NYSE:EQM) Total Inventories Explanation
Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.
1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.
EQM Midstream Partners LP's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2020 is
Net-Net Working Capital Per Share (Q: Mar. 2020 ) | |||||||
= | (Cash And Cash Equivalents | + | 0.75 * Accounts Receivable | + | 0.5 * Total Inventories | - | Total Liabilities |
- | Preferred Stock | - | Minority Interest) | / | Shares Outstanding (EOP) | ||
= | (14.267 | + | 0.75 * 249.061 | + | 0.5 * 0 | - | 7205.466 |
- | 0 | - | 460.776) | / | 207.458 | ||
= | -35.98 |
2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
EQM Midstream Partners LP's Days Inventory for the three months ended in Mar. 2020 is calculated as:
Days Inventory | = | Average Total Inventories (Q: Mar. 2020 ) | / | Cost of Goods Sold (Q: Mar. 2020 ) | * | Days in Period |
= | 0 | / | 75.695 | * | 365 / 4 | |
= | 0.00 |
3. Inventory Turnover measures how fast the company turns over its inventory within a year.
EQM Midstream Partners LP's Inventory Turnover for the quarter that ended in Mar. 2020 is calculated as
Inventory Turnover | = | Cost of Goods Sold (Q: Mar. 2020 ) | / | Average Total Inventories (Q: Mar. 2020 ) |
= | 75.695 | / | 0 | |
= | N/A |
4. 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.
EQM Midstream Partners LP's Inventory to Revenue for the quarter that ended in Mar. 2020 is calculated as
Inventory-to-Revenue | = | Average Total Inventories (Q: Mar. 2020 ) | / | Revenue (Q: Mar. 2020 ) |
= | 0 | / | 453.113 | |
= | 0.00 |
* 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.
Be Aware
Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.
When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.
Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.
Thank you for viewing the detailed overview of EQM Midstream Partners LP's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.
Brian P. Pietrandrea | officer: VP & CAO | 2200 ENERGY DRIVE, CANONSBURG PA 15317 |
Kenneth Michael Burke | director | 11742 RIVERVIEW DRIVE, HOUSTON TX 77007 |
Diana M Charletta | director, officer: EVP & Chief Operating Officer | 2200 ENERGY DRIVE, CANONSBURG PA 15317 |
Eqt Corp | 10 percent owner | 625 LIBERTY AVENUE, SUITE 1700, PITTSBURGH PA 15222 |
Phillip D. Swisher | officer: VP & Chief Accounting Officer | 625 LIBERTY AVENUE, SUITE 2000, PITTSBURGH PA 15222 |
Kirk R Oliver | director, officer: SVP & Chief Financial Officer | 1601 BRYAN STREET, DALLAS TX 75201 |
Stephen A Thorington | director | 700 MILAM, SUITE 3100, HOUSTON TX 77002 |
Thomas F Karam | director, officer: President & CEO | C/O SOUTHERN UNION CO, ONE PEI CENTER, WILKES BARRE PA 18711-0601 |
Lewis B Gardner | director | 625 LIBERTY AVENUE, SUITE 1700, C/O EQT CORPORATION, PITTSBURGH PA 15222 |
Julian Mark Bott | director | 625 LIBERTY AVENUE, C/O EQT MIDSTREAM PARTNERS, PITTSBURGH PA 15222 |
Ashcroft Jeremiah J Iii | director, officer: SVP & Chief Operating Officer | ONE GREENWAY PLAZA, SUITE 600, HOUSTON TX 77046 |
M Elise Hyland | director, officer: EVP & Chief Operating Officer | 625 LIBERTY AVENUE, SUITE 1700, C/O EQT CORPORATION, PITTSBURGH PA 15222 |
Steven T Schlotterbeck | director | 625 LIBERTY AVENUE, SUITE 1700, C/O EQT CORPORATION, PITTSBURGH PA 15222 |
Jimmi Sue Smith | officer: Chief Accounting Officer | 625 LIBERTY AVENUE, SUITE 1700, C/O EQT CORPORATION, PITTSBURGH PA 15222 |
Robert Joseph Mcnally | director, officer: Sr. Vice President and CFO | 625 LIBERTY AVENUE, SUITE 1700, C/O EQT CORPORATION, PITTSBURGH PA 15222 |
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