Energy Transfer LP (Energy Transfer LP) Inventory Turnover : 7.52 (As of Mar. 2024)

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What is Energy Transfer 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. Energy Transfer LP's Cost of Goods Sold for the three months ended in Mar. 2024 was $17,851.00 Mil. Energy Transfer LP's Average Total Inventories for the quarter that ended in Mar. 2024 was $2,372.50 Mil. Energy Transfer LP's Inventory Turnover for the quarter that ended in Mar. 2024 was 7.52.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Energy Transfer LP's Days Inventory for the three months ended in Mar. 2024 was 12.13.

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. Energy Transfer LP's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.11.

Energy Transfer LP Inventory Turnover Historical Data

The historical data trend for Energy Transfer 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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Energy Transfer LP Inventory Turnover Chart

Energy Transfer LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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26.77

17.83

28.89

34.14

26.29

Energy Transfer LP Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															6.95	7.02	7.06	6.68	7.52

Energy Transfer LP Inventory Turnover Calculation

Energy Transfer LP'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 )
=	64926	/ (	(2461	+	2478)	/	2 )
=	64926	/	2469.5
=	26.29

Energy Transfer LP's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	17851	/ (	(2478	+	2267)	/	2 )
=	17851	/	2372.5
=	7.52

Energy Transfer LP (NYSE:ETPD.PFD) 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.

Energy Transfer LP's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	2372.5	/	17851	*	365 / 4
	=	12.13

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.

Energy Transfer LP's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	2372.5	/	21629
	=	0.11

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.

Energy Transfer LP Inventory Turnover Related Terms

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Energy Transfer LP (Energy Transfer LP) Business Description

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Address

8111 Westchester Drive, Suite 600, Dallas, TX, USA, 75225

Website

https://www.energytransfer.com

Energy Transfer owns a large platform of crude oil, natural gas, and natural gas liquid assets primarily in Texas and the U.S. midcontinent region. It also has gathering and processing facilities, one of the largest fractionation facilities in the U.S., and fuel distribution. Energy Transfer also owns the Lake Charles gas liquefaction facility. It combined its publicly traded limited and general partnerships in October 2018.