Oasis Midstream Partners LP (Oasis Midstream Partners LP) Total Inventories : $5.8 Mil (As of Sep. 2021)

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What is Oasis Midstream Partners LP Total Inventories?

Oasis Midstream Partners LP's total inventories for the quarter that ended in Sep. 2021 was $5.8 Mil. Oasis Midstream Partners LP's average total inventories from the quarter that ended in Jun. 2021 to the quarter that ended in Sep. 2021 was $5.9 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Oasis Midstream Partners LP's Net-Net Working Capital per share for the quarter that ended in Sep. 2021 was $-13.15.

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 three months ended in Sep. 2021 was 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 quarter that 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 quarter that ended in Sep. 2021 was 0.06.

Oasis Midstream Partners LP Total Inventories Historical Data

The historical data trend for Oasis 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.

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Oasis Midstream Partners LP Total Inventories Chart

Oasis Midstream Partners LP Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Total Inventories

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6.99

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
Total Inventories	Get a 7-Day Free Trial															8.09	6.99	6.99	5.88	5.83

Oasis Midstream Partners LP Total Inventories Calculation

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.

Oasis Midstream Partners LP (NAS:OMP) 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.

Oasis Midstream Partners LP's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2021 is

	Net-Net Working Capital Per Share (Q: Sep. 2021 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(29.682	+	0.75 * 66.113	+	0.5 * 5.828	-	721.597
-	0	-	0)	/	48.6277
=	-13.15

2. 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 three months ended in Sep. 2021 is calculated as:

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

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

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

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2021 )	/	Average Total Inventories (Q: Sep. 2021 )
	=	35.422	/	5.853
	=	6.05

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.

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

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2021 )	/	Revenue (Q: Sep. 2021 )
	=	5.853	/	105.375
	=	0.06

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.

Oasis Midstream Partners LP Total Inventories 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 » Total Inventories

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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