Enterprise Products Partners LP (Enterprise Products Partners LP) Inventory Turnover : 3.81 (As of Dec. 2023)

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What is Enterprise Products Partners LP Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Enterprise Products Partners LP's Cost of Goods Sold for the three months ended in Dec. 2023 was $12,757 Mil. Enterprise Products Partners LP's Average Total Inventories for the quarter that ended in Dec. 2023 was $3,349 Mil. Enterprise Products Partners LP's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.81.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Enterprise Products Partners LP's Days Inventory for the three months ended in Dec. 2023 was 23.95.

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. Enterprise Products Partners LP's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.23.

Enterprise Products Partners LP Inventory Turnover Historical Data

The historical data trend for Enterprise Products Partners LP's Inventory Turnover 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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Enterprise Products Partners LP Inventory Turnover Chart

Enterprise Products Partners LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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14.98

8.29

11.72

19.68

14.57

Enterprise Products Partners LP Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															4.17	4.53	3.89	3.55	3.81

Enterprise Products Partners LP Inventory Turnover Calculation

Enterprise Products Partners LP's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	43017	/ (	(2554	+	3352)	/	2 )
=	43017	/	2953
=	14.57

Enterprise Products Partners LP's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	12757	/ (	(3345	+	3352)	/	2 )
=	12757	/	3348.5
=	3.81

Enterprise Products Partners LP (NYSE:EPD) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Enterprise Products Partners 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
	=	3348.5	/	12757	*	365 / 4
	=	23.95

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.

Enterprise Products Partners 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 )
	=	3348.5	/	14622
	=	0.23

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Enterprise Products Partners LP Inventory Turnover Related Terms

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Enterprise Products Partners LP (Enterprise Products Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Enterprise Products Partners LP (NYSE:EPD) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1100 Louisiana Street, 10th Floor, Houston, TX, USA, 77002

Website

https://www.enterpriseproducts.com

Enterprise Products Partners is a master limited partnership that transports and processes natural gas, natural gas liquids, crude oil, refined products and petrochemicals. It is one of the largest midstream companies, with operations servicing most producing regions in the Lower 48 states. Enterprise is particularly dominant in the NGL market and is one of the few MLPs that provide midstream services across the full hydrocarbon value chain.

Executives

Aj Teague	officer: Executive Vice President	1100 LOUISIANA 10TH FLOOR, HOUSTON TX 77002
John R Rutherford	director	1100 LOUISIANA STREET, 10TH FLOOR, HOUSTON TX 77002
William C Montgomery	director	C/O APACHE CORPORATION, 2000 POST OAK BLVD., SUITE 100, HOUSTON TX 77056
Rebecca G. Followill	director	1100 LOUISIANA STREET, HOUSTON TX 77002
Carin Marcy Barth	director
Randa Duncan Williams	10 percent owner	1100 LOUISIANA 10TH FLOOR, HOUSTON TX 77002
Graham W. Bacon	officer: Group Senior Vice President	1100 LOUISIANA STREET, HOUSTON TX 77002
Richard H Bachmann	director, officer: Executive VP & CLO	1100 LOUISIANA 10TH FLOOR, HOUSTON TX 77002
W Randall Fowler	director, officer: Sr. Vice President & Treasurer	1100 LOUISIANA 10TH FLOOR, HOUSTON TX 77002
Robert D Sanders	officer: EVP, Asset Optimization	1100 LOUISIANA, SUITE 1000, HOUSTON TX 77002
Christian M. Nelly	officer: EVP-Finance and Treasurer	1100 LOUISIANA STREET, HOUSTON TX 77002
Murray E Brasseux	director	17 SOUTH BRIAR HOLLOW LANE, HOUSTON TX 77027
James T Hackett	director	C/O FLUOR CORPORATION, 6700 LAS COLINAS BLVD, IRVING TX 75039
Edwin E Smith	director	1100 LOUISIANA 10TH FLOOR, HOUSTON TX 77002
Brent B. Secrest	officer: Senior Vice President	1100 LOUISIANA STREET, HOUSTON TX 77002