Mid-Con Energy Partners LP (Mid-Con Energy Partners LP) Inventory Turnover : 0.00 (As of Sep. 2020)

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What is Mid-Con Energy 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. Mid-Con Energy Partners LP's Cost of Goods Sold for the three months ended in Sep. 2020 was $7.76 Mil. Mid-Con Energy Partners LP's Average Total Inventories for the quarter that ended in Sep. 2020 was $0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Mid-Con Energy Partners LP's Days Inventory for the three months ended in Sep. 2020 was 0.00.

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. Mid-Con Energy Partners LP's Inventory-to-Revenue for the quarter that ended in Sep. 2020 was 0.00.

Mid-Con Energy Partners LP Inventory Turnover Historical Data

The historical data trend for Mid-Con Energy 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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Mid-Con Energy Partners LP Inventory Turnover Chart

Mid-Con Energy Partners LP Annual Data

Trend

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Inventory Turnover

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Mid-Con Energy Partners LP Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
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Mid-Con Energy Partners LP Inventory Turnover Calculation

Mid-Con Energy Partners LP's Inventory Turnover for the fiscal year that ended in Dec. 2019 is calculated as

	Inventory Turnover (A: Dec. 2019 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2019 )	/ (	(Total Inventories (A: Dec. 2018 )	+	Total Inventories (A: Dec. 2019 ))	/	count )
=	47.977	/ (	(0	+	0)	/	1 )
=	47.977	/	0
=	N/A

Mid-Con Energy Partners LP's Inventory Turnover for the quarter that ended in Sep. 2020 is calculated as

	Inventory Turnover (Q: Sep. 2020 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2020 )	/ (	(Total Inventories (Q: Jun. 2020 )	+	Total Inventories (Q: Sep. 2020 ))	/	count )
=	7.761	/ (	(0	+	0)	/	1 )
=	7.761	/	0
=	N/A

Mid-Con Energy Partners LP (NAS:MCEP) 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.

Mid-Con Energy Partners LP's Days Inventory for the three months ended in Sep. 2020 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2020 )	/	Cost of Goods Sold (Q: Sep. 2020 )	*	Days in Period
	=	0	/	7.761	*	365 / 4
	=	0.00

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.

Mid-Con Energy Partners LP's Inventory to Revenue for the quarter that ended in Sep. 2020 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2020 )	/	Revenue (Q: Sep. 2020 )
	=	0	/	10.129
	=	0.00

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.

Mid-Con Energy Partners LP Inventory Turnover Related Terms

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Mid-Con Energy Partners LP (Mid-Con Energy Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Mid-Con Energy Partners LP (NAS:MCEP) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

2431 East 61st Street, Suite 850, Tulsa, OK, USA, 74136

Website

http://www.midconenergypartners.com

Mid-Con Energy Partners LP is engaged in the development and production of oil and natural gas properties. The company's properties are located in Oklahoma and Wyoming core areas. It derives most of the revenue from the sale of oil and natural gas, of which a majority of the revenue is derived from oil sales.

Executives

White John Caperton Jr.	director	3949 MAPLE AVE SUITE 480 DALLAS TX 75219
Goff Family Investments, Lp	10 percent owner	500 COMMERCE STREET, SUITE 700, FORT WORTH TX 76102-5478
Goff Mcep Holdings, Llc	10 percent owner	500 COMMERCE STREET, SUITE 700, FORT WORTH TX 76102
Robert J Boulware	director	101 JEFFERSON DRIVE, MENLO PARK CA 94025
Goff Mcep Ii Lp	10 percent owner	500 COMMERCE STREET, SUITE 700, FORT WORTH TX 76102
Goff Ren Holdings Ii, Llc	10 percent owner	500 COMMERCE STREET SUITE 700 FORT WORTH TX 76102-5478
Travis Goff	director, 10 percent owner	500 COMMERCE STREET SUITE 700 FORT WORTH TX 76102-5478
Family Foundation Goff	10 percent owner	500 COMMERCE STREET, SUITE 700, FORT WORTH TX 76102
John C. Goff 2010 Family Trust	10 percent owner	500 COMMERCE STREET, SUITE 700, FORT WORTH TX 76102
Goff Ren Holdings, Llc	10 percent owner	500 COMMERCE STREET SUITE 700 FORT WORTH TX 76102
John C Goff	10 percent owner	500 COMMERCE STREET, SUITE 700, FORT WORTH TX 76102
Fred Norman Reynolds	director	420 THROCKMORTON ST., SUITE 750, FORT WORTH TX 76102
Goff Focused Energy Strategies Lp	10 percent owner	500 COMMERCE STREET, SUITE 700, FORT WORTH TX 76102
Chad B Roller	officer: President	2431 E 61ST STREET SUITE 850 TULSA OK 74136
Mclawhorn Charles L Iii	officer: VP General Counsel & Secretary	2501 NORTH HARWOOD DALLAS TX 75201