Tidewater Midstream and Infrastructure (TSX:TWM) Inventory Turnover : 6.65 (As of Dec. 2023)

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What is Tidewater Midstream and Infrastructure 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. Tidewater Midstream and Infrastructure's Cost of Goods Sold for the three months ended in Dec. 2023 was C$502 Mil. Tidewater Midstream and Infrastructure's Average Total Inventories for the quarter that ended in Dec. 2023 was C$75 Mil. Tidewater Midstream and Infrastructure's Inventory Turnover for the quarter that ended in Dec. 2023 was 6.65.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tidewater Midstream and Infrastructure's Days Inventory for the three months ended in Dec. 2023 was 13.72.

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. Tidewater Midstream and Infrastructure's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.15.

Tidewater Midstream and Infrastructure Inventory Turnover Historical Data

The historical data trend for Tidewater Midstream and Infrastructure'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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Tidewater Midstream and Infrastructure Inventory Turnover Chart

Tidewater Midstream and Infrastructure Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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22.56

18.79

32.94

37.04

23.10

Tidewater Midstream and Infrastructure 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															8.47	7.46	8.36	10.86	6.65

Tidewater Midstream and Infrastructure Inventory Turnover Calculation

Tidewater Midstream and Infrastructure'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 )
=	2148.7	/ (	(87.9	+	98.1)	/	2 )
=	2148.7	/	93
=	23.10

Tidewater Midstream and Infrastructure'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 )
=	501.5	/ (	(52.7	+	98.1)	/	2 )
=	501.5	/	75.4
=	6.65

Tidewater Midstream and Infrastructure (TSX:TWM) 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.

Tidewater Midstream and Infrastructure'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
	=	75.4	/	501.5	*	365 / 4
	=	13.72

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.

Tidewater Midstream and Infrastructure'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 )
	=	75.4	/	503
	=	0.15

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.

Tidewater Midstream and Infrastructure Inventory Turnover Related Terms

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Tidewater Midstream and Infrastructure (TSX:TWM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tidewater Midstream and Infrastructure Ltd (TSX:TWM) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

TWMIF:USA TL5:Germany

Address

222 - 3rd Avenue SW, Suite 900, Calgary, AB, CAN, T2P 0B4

Website

https://www.tidewatermidstream.com

Tidewater Midstream and Infrastructure Ltd is a Canadian company that is engaged in providing midstream infrastructure and a natural gas storage facility. It mainly focuses on the purchase, sale, and transportation of Natural Gas Liquids (NGLs) such as propane and natural gasoline throughout North America and export to premium markets. The business activities of the company include gathering, processing, and transportation relates to raw gas gathering systems, processing plants and pipelines, NGL marketing and Extraction, refined products, and other activities. Its business segments consist of Midstream; Downstream; Marketing and others. The company generates maximum revenue from the Marketing and other.

Tidewater Midstream and Infrastructure (TSX:TWM) Headlines

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