DCP Midstream LP (DCP Midstream LP) Inventory Turnover : 41.77 (As of Mar. 2023)

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What is DCP Midstream 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. DCP Midstream LP's Cost of Goods Sold for the three months ended in Mar. 2023 was $2,318 Mil. DCP Midstream LP's Average Total Inventories for the quarter that ended in Mar. 2023 was $56 Mil. DCP Midstream LP's Inventory Turnover for the quarter that ended in Mar. 2023 was 41.77.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. DCP Midstream LP's Days Inventory for the three months ended in Mar. 2023 was 2.18.

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. DCP Midstream LP's Inventory-to-Revenue for the quarter that ended in Mar. 2023 was 0.02.

DCP Midstream LP Inventory Turnover Historical Data

The historical data trend for DCP Midstream 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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DCP Midstream LP Inventory Turnover Chart

DCP Midstream LP Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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114.38

102.82

121.88

167.46

165.63

DCP Midstream LP Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Inventory Turnover	Get a 7-Day Free Trial															51.46	48.49	49.50	40.06	41.77

DCP Midstream LP Inventory Turnover Calculation

DCP Midstream LP's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	13250	/ (	(77	+	83)	/	2 )
=	13250	/	80
=	165.63

DCP Midstream LP's Inventory Turnover for the quarter that ended in Mar. 2023 is calculated as

	Inventory Turnover (Q: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2023 )	/ (	(Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Mar. 2023 ))	/	count )
=	2318	/ (	(83	+	28)	/	2 )
=	2318	/	55.5
=	41.77

DCP Midstream LP (NYSE:DCP) 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.

DCP Midstream LP's Days Inventory for the three months ended in Mar. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2023 )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
	=	55.5	/	2318	*	365 / 4
	=	2.18

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.

DCP Midstream LP's Inventory to Revenue for the quarter that ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2023 )	/	Revenue (Q: Mar. 2023 )
	=	55.5	/	2726
	=	0.02

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.

DCP Midstream LP Inventory Turnover Related Terms

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DCP Midstream LP (DCP Midstream LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » DCP Midstream LP (NYSE:DCP) » Definitions » Inventory Turnover

Comparable Companies

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Traded in Other Exchanges

N/A

Address

6900 E. Layton Avenue, Suite 900, Denver, CO, USA, 80237

Website

https://www.dcpmidstream.com

DCP Midstream LP is primarily a gathering and processor partnership with major asset bases in the Permian, Scoop/Stack, Eagle Ford, and DJ Basin. It also has investments in the Sand Hills natural gas liquids pipeline as well as the Gulf Coast Express gas pipeline, which both serve the growing Permian basin. The company's segment includes Logistics and Marketing and Gathering and Processing. It generates maximum revenue from the Logistics and Marketing segment.

Executives

Scott Richard Delmoro	officer: Principal Financial Officer	6900 E. LAYTON AVE, SUITE 900, DENVER CO 80237
Timothy D. Roberts	director	C/O PHILLIPS 66 PARTNERS LP, 3010 BRIARPARK DRIVE, HOUSTON TX 77042
Clifford Todd Denton	director	2331 CITYWEST BLVD., HOUSTON TX 77042
Phillips 66 Co	10 percent owner	2331 CITYWEST BLVD., HOUSTON TX 77042
66 Phillips	10 percent owner	2331 CITYWEST BLVD., HOUSTON TX 77042
Phillips 66 Project Development Inc.	10 percent owner	P.O. BOX 4428, HOUSTON TX 77210
Phillips 66 Project Shareholder Inc.	10 percent owner	2331 CITYWEST BLVD., HOUSTON TX 77042
Phillips Gas Co Llc	10 percent owner	2331 CITYWEST BLVD., HOUSTON TX 77042
Kevin J Mitchell	director	3010 BRIARPARK DRIVE, HOUSTON TX 77042
William L. Johnson	officer: President	370 17TH STREET, SUITE 2500, DENVER CO 80202
George R. Green	officer: Group VP & General Counsel	370 17TH STREET, SUITE 2500, DENVER CO 80202
Heather Crowder	director	370 17TH STREET, SUITE 2500, DENVER CO 80202
Stephen J Neyland	director	5400 WESTHEIMER COURT, HOUSTON TX 77056
Sean O'brien	officer: Group Vice President and CFO	370 17TH STREET, SUITE 2500, DENVER CO 80202
Richard A. Loving	officer: Vice President and Controller	370 17TH STREET, SUITE 2500, DENVER CO 80202