Tallgrass Energy (FRA:TGV) Days Inventory : 0.00 (As of Dec. 2012)

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What is Tallgrass Energy Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Tallgrass Energy's Average Total Inventories for the six months ended in Dec. 2012 was €0.00 Mil. Tallgrass Energy's Cost of Goods Sold for the six months ended in Dec. 2012 was €0.84 Mil. Hence, Tallgrass Energy's Days Inventory for the six months ended in Dec. 2012 was 0.00.

The historical rank and industry rank for Tallgrass Energy's Days Inventory or its related term are showing as below:

FRA:TGV's Days Inventory is not ranked ^*
in the Oil & Gas industry.
Industry Median: 31.94
* Ranked among companies with meaningful Days Inventory only.

Tallgrass Energy's Days Inventory stayed the same from Dec. 2010 (0.00) to Dec. 2012 (0.00).

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

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. Tallgrass Energy's Inventory-to-Revenue for the six months ended in Dec. 2012 was 0.00.

Tallgrass Energy Days Inventory Historical Data

The historical data trend for Tallgrass Energy's Days 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.

Tallgrass Energy Days Inventory Chart

Tallgrass Energy Annual Data

Trend

Dec04

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Dec12

Days Inventory

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Tallgrass Energy Semi-Annual Data
	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12
Days Inventory	Get a 7-Day Free Trial				-	-	-	-	-

Competitive Comparison of Tallgrass Energy's Days Inventory

For the Oil & Gas E&P subindustry, Tallgrass Energy's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Tallgrass Energy's Days Inventory Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Tallgrass Energy's Days Inventory distribution charts can be found below:

* The bar in red indicates where Tallgrass Energy's Days Inventory falls into.

Tallgrass Energy Days Inventory Calculation

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

Tallgrass Energy's Days Inventory for the fiscal year that ended in Dec. 2012 is calculated as

	Days Inventory (A: Dec. 2012 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2011 )	+	Total Inventories (A: Dec. 2012 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2012 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0.836	*	365
=	0					/	0.836	*	365
=	0.00

Tallgrass Energy's Days Inventory for the quarter that ended in Dec. 2012 is calculated as:

	Days Inventory (Q: Dec. 2012 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2011 )	+	Total Inventories (Q: Dec. 2012 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2012 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0.836	*	365 / 2
=	0					/	0.836	*	365 / 2
=	0.00

Tallgrass Energy (FRA:TGV) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

Tallgrass Energy's Inventory Turnover for the six months ended in Dec. 2012 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.836	/	0
	=

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.

Tallgrass Energy's Inventory to Revenue for the six months ended in Dec. 2012 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	4.848
	=	0.00

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Tallgrass Energy Days Inventory Related Terms

Thank you for viewing the detailed overview of Tallgrass Energy's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Tallgrass Energy (FRA:TGV) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.tallgrassenergy.ca

Tallgrass Energy Corp was incorporated pursuant to the provisions of the Alberta Business Corporations Act on March 10, 2010. On December 31, 2012, the Company amalgamated with Anglo Canadian Oil Corp. The Company is engaged in the exploration, development and production of petroleum and natural gas in the Western Canadian Basin. The Company receives its revenue from the sale of oil, natural gas and natural gas liquids. Other revenue is derived from emulsion processing, treating, saltwater disposal fees charged to third parties as well as well operating fees and road use fees.

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