Plains All American Pipeline LP (Plains All American Pipeline LP) Total Inventories

: $548 Mil (As of Dec. 2023)

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Plains All American Pipeline LP's total inventories for the quarter that ended in Dec. 2023 was $548 Mil. Plains All American Pipeline LP's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $583 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Plains All American Pipeline LP's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-19.10.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Plains All American Pipeline LP's Days Inventory for the three months ended in Dec. 2023 was 4.36.

Inventory Turnover measures how fast the company turns over its inventory within a year. Plains All American Pipeline LP's Inventory Turnover for the quarter that ended in Dec. 2023 was 20.93.

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 All American Pipeline LP's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.05.

Plains All American Pipeline LP Total Inventories Historical Data

The historical data trend for Plains All American Pipeline 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.

* Premium members only.

Plains All American Pipeline LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

604.00

647.00

783.00

729.00

548.00

Plains All American Pipeline LP Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories																729.00	463.00	367.00	617.00	548.00

Plains All American Pipeline 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.

Plains All American Pipeline LP (NAS:PAA) 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.

Plains All American Pipeline LP's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(450	+	0.75 * 3760	+	0.5 * 548	-	13623
-	0	-	3310)	/	701.009
=	-19.10

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

Plains All American Pipeline LP's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	582.5	/	12194	*	365 / 4
	=	4.36

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

Plains All American Pipeline LP's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	12194	/	582.5
	=	20.93

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.

Plains All American Pipeline LP's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	582.5	/	12698
	=	0.05

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.

Plains All American Pipeline LP Total Inventories Related Terms

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Plains All American Pipeline LP (Plains All American Pipeline LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Plains All American Pipeline LP (NAS:PAA) » Definitions » Total Inventories

Comparable Companies

WES AM ENLC DTM ETRN FRO STNG PAGP VNOM NS TSX:ENB EPD ET WMB OKE MPLX TSX:TRP KMI LNG TRGP

Traded in Other Exchanges

N/A

Address

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

Website

https://www.plainsallamerican.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

Jeremy L. Goebel	officer: EVP & CCO	333 CLAY STREET, SUITE 1600, HOUSTON TX 77002
Ellen Desanctis	director	12326 OLD OAKS, HOUSTON TX 77024
Willie Cw Chiang	director, officer: Chairman & CEO	370 17TH STREET, SUITE 2775, DENVER CO 80202
Chris Herbold	officer: Sr. VP Finance and CAO	333 CLAY STREET, SUITE 1600, HOUSTON TX 77002
Richard K. Mcgee	officer: EVP, General Counsel & Sec.	333 CLAY STREET, SUITE 1500, HOUSTON TX 77002
Al Swanson	officer: EVP & CFO	333 CLAY STREET, # 1600, HOUSTON TX 77002
Kevin S Mccarthy	director	C/O KAYNE ANDERSON CAPITAL ADVISORS, LP, 1800 AVENUE OF THE STARS, SECOND FLOOR, LOS ANGELES CA 90067
Chris R. Chandler	officer: EVP & COO	333 CLAY STREET, SUITE 1600, HOUSTON TX 77002
Harry N Pefanis	director, officer: President	333 CLAY STREET, STE 1600, HOUSTON TX 77002
Plains Gp Holdings Lp	director, 10 percent owner	333 CLAY ST, SUITE 1600, HOUSTON TX 77002
Paa Gp Holdings Llc	director, 10 percent owner	333 CLAY ST, SUITE 1600, HOUSTON TX 77002
Plains All American Gp Llc	director, 10 percent owner	333 CLAY STREET, SUITE 1600, HOUSTON TX 77002
Plains Aap, L.p.	director, 10 percent owner	333 CLAY STREET, SUITE 1600, HOUSTON TX 77002
Chris Temple	director	3953 MAPLE AVENUE, SUITE 180, DALLAS TX 75219
Kayne Anderson Capital Advisors Lp	director, other: See remarks	2121 AVENUE OF THE STARS, 9TH FLOOR, LOS ANGELES CA 90067