UAN (CVR Partners LP) Days Inventory : 66.63 (As of Sep. 2024)

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What is CVR Partners LP Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). CVR Partners LP's Average Total Inventories for the three months ended in Sep. 2024 was $78.0 Mil. CVR Partners LP's Cost of Goods Sold for the three months ended in Sep. 2024 was $106.8 Mil. Hence, CVR Partners LP's Days Inventory for the three months ended in Sep. 2024 was 66.63.

The historical rank and industry rank for CVR Partners LP's Days Inventory or its related term are showing as below:

UAN' s Days Inventory Range Over the Past 10 Years
Min: 46.6 Med: 59.18 Max: 66.84
Current: 64.99

During the past 13 years, CVR Partners LP's highest Days Inventory was 66.84. The lowest was 46.60. And the median was 59.18.

UAN's Days Inventory is ranked better than
73.11% of 238 companies
in the Agriculture industry
Industry Median: 110.8 vs UAN: 64.99

CVR Partners LP's Days Inventory increased from Sep. 2023 (61.41) to Sep. 2024 (66.63). It might indicate that CVR Partners LP's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. CVR Partners LP's Inventory Turnover for the three months ended in Sep. 2024 was 1.37.

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. CVR Partners LP's Inventory-to-Revenue for the three months ended in Sep. 2024 was 0.62.

CVR Partners LP Days Inventory Historical Data

The historical data trend for CVR Partners LP'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.

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CVR Partners LP Days Inventory Chart

CVR Partners LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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58.73

50.88

46.60

49.02

59.62

CVR Partners LP Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Inventory	Get a 7-Day Free Trial															61.41	55.74	64.40	75.05	66.63

Competitive Comparison of CVR Partners LP's Days Inventory

For the Agricultural Inputs subindustry, CVR Partners LP'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.

CVR Partners LP's Days Inventory Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, CVR Partners LP's Days Inventory distribution charts can be found below:

* The bar in red indicates where CVR Partners LP's Days Inventory falls into.

CVR Partners LP Days Inventory Calculation

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

CVR Partners LP's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (77.518	+	69.165)	/	2 )	/	449.013	*	365
=	73.3415					/	449.013	*	365
=	59.62

CVR Partners LP's Days Inventory for the quarter that ended in Sep. 2024 is calculated as:

	Days Inventory (Q: Sep. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (80.61	+	75.302)	/	2 )	/	106.756	*	365 / 4
=	77.956					/	106.756	*	365 / 4
=	66.63

CVR Partners LP (NYSE:UAN) 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.

CVR Partners LP's Inventory Turnover for the three months ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	106.756	/	77.956
	=	1.37

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.

CVR Partners LP's Inventory to Revenue for the three months ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	77.956	/	125.203
	=	0.62

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.

CVR Partners LP Days Inventory Related Terms

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

CVR Partners LP Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » CVR Partners LP (NYSE:UAN) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

2277 Plaza Drive, Suite 500, Sugar Land, TX, USA, 77479

Website

https://www.cvrpartners.com

CVR Partners LP is a manufacturer and supplier of nitrogen fertilizer products. Its principal products include Urea Ammonium Nitrate (UAN) and ammonia. The company market ammonia products to industrial and agricultural customers and UAN products to agricultural customers. The primary geographic markets for its fertilizer products are Kansas, Missouri, Nebraska, Iowa, Illinois, Colorado, and Texas. The company's product sales are heavily weighted toward UAN.

Executives

Jordan Bleznick	director	C/O ENZON PHANNACEUTICALS, INC., 120 COMMERCE DRIVE (SUITE 135), CRANFORD NJ 07016
Mark A Pytosh	director	C/O CVR PARTNERS, LP, 2277 PLAZA DRIVE, SUITE 500, SUGAR LAND TX 77479
Melissa M Buhrig	officer: EVP, General Counsel & Sec.	C/O CVR ENERGY, INC., 2277 PLAZA DRIVE, SUITE 500, SUGAR LAND TX 77479
Dane J. Neumann	officer: Interim CFO, VP-Fin.&Treasurer	2277 PLAZA DRIVE, SUITE 500, SUGAR LAND TX 77479
Jeffrey D. Conaway	officer: VP, CAO & Corp. Controller	2277 PLAZA DRIVE, SUITE 500, SUGAR LAND TX 77479
David Willetts	director	16690 COLLINS AVENUE - PH-1, SUNNY ISLES BEACH FL 33160
Kapiljeet Dargan	director	16690 COLLINS AVE., SUITE PH-1, SUNNY ISLES BEACH FL 33160
Patricia A. Agnello	director	C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Donna R Ecton	director	C/O BODY CENTRAL CORP., 6225 POWERS AVENUE, JACKSONVILLE FL 32217
Hunter Clark Gary	director	C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Matthew W. Bley	officer: CAO and Corp. Controller	2277 PLAZA DRIVE, SUITE 500, SUGAR LAND TX 77479
Tracy Dawn Jackson	officer: EVP and CFO	19100 RIDGEWOOD PARKWAY, SAN ANTONIO TX 78259
Janice T Develasco	officer: VP-Env., Health, Safety & Sec.	2277 PLAZA DRIVE, SUITE 500, SUGAR LAND TX 77479
Blackstone Holdings I L.p.	10 percent owner	C/O THE BLACKSTONE GROUP, 345 PARK AVENUE, NEW YORK NY 10154
Gso Cactus Credit Opportunities Fund Lp	10 percent owner	345 PARK AVENUE, 31ST FLOOR, NEW YORK NY 10154