GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Targa Resources Corp (NYSE:TRGP) » Definitions » Change In Inventory

TRGP (Targa Resources) Change In Inventory : $-35 Mil (TTM As of Mar. 2025)


View and export this data going back to 2010. Start your Free Trial

What is Targa Resources Change In Inventory?

Targa Resources's change in inventory for the quarter that ended in Mar. 2025 was $79 Mil. It means Targa Resources's inventory declined by $79 Mil from Dec. 2024 to Mar. 2025 .

Targa Resources's change in inventory for the fiscal year that ended in Dec. 2024 was $34 Mil. It means Targa Resources's inventory declined by $34 Mil from Dec. 2023 to Dec. 2024 .

Targa Resources's Total Inventories for the quarter that ended in Mar. 2025 was $256 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Targa Resources's Days Inventory for the quarter that ended in Mar. 2025 was 7.43.

Inventory Turnover measures how fast the company turns over its inventory within a year. Targa Resources's Inventory Turnover for the quarter that ended in Mar. 2025 was 12.28.

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. Targa Resources's Inventory-to-Revenue for the quarter that ended in Mar. 2025 was 0.06.


Targa Resources Change In Inventory Historical Data

The historical data trend for Targa Resources's Change In Inventory 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.

Targa Resources Change In Inventory Chart

Targa Resources Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Change In Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only -27.70 40.60 -236.20 36.00 33.50

Targa Resources Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Change In Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 147.00 -86.80 -107.40 80.70 78.80

Targa Resources Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was $-35 Mil.

* 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.


Targa Resources  (NYSE:TRGP) Change In Inventory Explanation

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

Targa Resources's Days Inventory for the quarter that ended in is calculated as:

Days Inventory=Average Total Inventories/Cost of Goods Sold*Days in Period
=295.25/3625.4*365 / 4
=7.43

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

Targa Resources's Inventory Turnover for the quarter that ended in Mar. 2025 is calculated as

3. 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.

Targa Resources's Inventory to Revenue for the quarter that ended in Mar. 2025 is calculated as

* 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.


Targa Resources Change In Inventory Related Terms

Thank you for viewing the detailed overview of Targa Resources's Change In Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.


Targa Resources Business Description

Traded in Other Exchanges
Address
811 Louisiana Street, Suite 2100, Houston, TX, USA, 77002
Targa Resources is a midstream firm that primarily operates gathering and processing assets with substantial positions in the Permian, Stack, Scoop, and Bakken plays. It has fractionation capacity at Mont Belvieu and operates a liquefied petroleum gas export terminal. The Grand Prix natural gas liquids pipeline is another important asset.
Executives
Paul W Chung officer: EVP, Gen. Counsel & Secretary TARGA RESOURCES PARTNERS LP, 1000 LOUISIANA STREET, SUITE 4300, HOUSTON TX 77002
Lindsey Cooksen director 811 LOUISIANA STREET, SUITE 2100, HOUSTON TX 77002
D. Scott Pryor officer: See Remarks 1000 LOUISIANA, SUITE 4300, HOUSTON TX 77002
Jennifer R. Kneale officer: Chief Financial Officer 811 LOUISIANA STREET, SUITE 2100, HOUSTON TX 77002
Davis Waters S Iv director 10200 ALLIANCE ROAD, SUITE 200, CINCINNATI OH 45242
Matthew J Meloy officer: Executive VP, CFO & Treasurer 1000 LOUISIANA, SUITE 4300, HOUSTON TX 77002
Charles R Crisp director 1301 MCKINNEY STE 700, HOUSTON TX 77010
Robert Muraro officer: See Remarks 1000 LOUISIANA, SUITE 4300, HOUSTON TX 77002
Julie H. Boushka officer: Senior VP and CAO 811 LOUISIANA, SUITE 2100, HOUSTON TX 77002
Joe Bob Perkins director, officer: Chief Executive Officer TARGA RESOURCES PARTNERS, LP, 1000 LOUISIANA ST., SUITE 4300, HOUSTON TX 77002
Redd Ershel C Jr director C/O EL PASO ELECTRIC COMPANY, 100 N. STANTON, EL PASO TX 79901
G Clark White officer: EVP - Engineering & Operations 1000 LOUISIANA STREET, SUITE 4300, HOUSTON TX 77002
Regina Gregory officer: See Remarks 2013 CITYWEST BLVD, BUILDING 4 SUITE 800, HOUSTON TX 77042
Rene R Joyce director P.O. BOX 130430, HOUSTON TX 77219-0430
Patrick J. Mcdonie officer: See Remarks 110 W. 7TH STREET, SUITE 2300, TULSA OK 74119