Targa Resources (MEX:TRGP) Inventory Turnover: 7.39 (As of Mar. 2026)

What is Targa Resources Inventory Turnover?

Targa Resources MEX:TRGP 74 Inventory Turnover is 7.39 as of Mar. 2026. GuruFocus rates MEX:TRGP with a GF Score™ of 74/100 and a GF Value™ of MXN2,470.34. The stock has 7 warning signs investors should review.

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. Targa Resources's Cost of Goods Sold for the three months ended in Mar. 2026 was MXN50,861 Mil. Targa Resources's Average Total Inventories for the quarter that ended in Mar. 2026 was MXN6,880 Mil. Targa Resources's Inventory Turnover for the quarter that ended in Mar. 2026 was 7.39.

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 three months ended in Mar. 2026 was 12.34.

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. 2026 was 0.09.

Targa Resources (MEX:TRGP) 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.

Targa Resources's Days Inventory for the three months ended in Mar. 2026 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2026 )	/	Cost of Goods Sold (Q: Mar. 2026 )	*	Days in Period
	=	6879.991	/	50861.231	*	365 / 4
	=	12.34

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.

Targa Resources's Inventory to Revenue for the quarter that ended in Mar. 2026 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2026 )	/	Revenue (Q: Mar. 2026 )
	=	6879.991	/	73838.497
	=	0.09

* 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.

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.

Targa Resources Inventory Turnover Related Terms

Targa Resources Inventory Turnover Historical Data

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The historical data trend for Targa Resources's Inventory Turnover can be seen below:

Targa Resources Inventory Turnover Chart

Targa Resources Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Inventory Turnover

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88.65

64.76

29.15

38.09

29.45

Targa Resources Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Inventory Turnover	Get a 7-Day Free Trial															12.15	7.78	6.11	5.81	7.39

74GF Score

Targa Resources Corp MEX:TRGP

Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.

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Targa Resources Inventory Turnover Calculation

Targa Resources's Inventory Turnover for the fiscal year that ended in Dec. 2025 is calculated as

	Inventory Turnover (A: Dec. 2025 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2025 )	/ (	(Total Inventories (A: Dec. 2024 )	+	Total Inventories (A: Dec. 2025 ))	/	count )
=	216484.331	/ (	(6972.061	+	7729.847)	/	2 )
=	216484.331	/	7350.954
=	29.45

Targa Resources's Inventory Turnover for the quarter that ended in Mar. 2026 is calculated as

	Inventory Turnover (Q: Mar. 2026 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2026 )	/ (	(Total Inventories (Q: Dec. 2025 )	+	Total Inventories (Q: Mar. 2026 ))	/	count )
=	50861.231	/ (	(7729.847	+	6030.135)	/	2 )
=	50861.231	/	6879.991
=	7.39

Frequently Asked Questions Learn more about Inventory Turnover →

What does a Inventory Turnover of 7.39 mean?

Targa Resources (MEX:TRGP) has a Inventory Turnover of 7.39 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Targa Resources and its competitors.

Is Targa Resources' Inventory Turnover too high?

Targa Resources' current Inventory Turnover is 7.39. Overall, Targa Resources has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.

How does Targa Resources' Inventory Turnover compare to MPLX and OKE?

Targa Resources' Inventory Turnover of 7.39 can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Inventory Turnover for an Oil & Gas company?

A good Inventory Turnover depends on the Oil & Gas industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Inventory Turnover mean?

A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Targa Resources and its competitors. Targa Resources's current Inventory Turnover is 7.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Targa Resources stock overvalued right now?

Targa Resources (MEX:TRGP) has a current Inventory Turnover of 7.39. The stock's GF Value™ is MXN2,470.34, compared to a current price of MXN3,775.00 — trading 52.8% above its estimated fair value. The current Inventory Turnover is 7.39. Targa Resources' overall GF Score™ is 74/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Inventory Turnover calculated?

Inventory Turnover is calculated from a company's financial statements. For Targa Resources (MEX:TRGP), the current Inventory Turnover is 7.39 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Targa Resources (MEX:TRGP) Overvalued in 2026?

Based on GuruFocus' analysis, Targa Resources stock appears to be overvalued. The current stock price of MXN3,775.00 is trading 52.8% above its estimated GF Value™ of MXN2,470.34.

Key valuation signals for MEX:TRGP:

Inventory Turnover: 7.39
GF Value™: MXN2,470.34 vs. price of MXN3,775.00 (52.8% above fair value)
GF Score™: 74/100 with 7 warning signs

No single metric tells the full story. See the MEX:TRGP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Targa Resources Business Description

Industry Energy Oil & Gas

Comparable Companies MPLX OKE ET LNG KMI EPD CQP VG WMB WES TSX:ENB TSX:TRP TSX:PPL SHSE:601872 PAA DTM HKSE:01138 TSX:KEY TSX:ALA AM

Other Exchanges TRGP:USA 1TRGP:Italy 0LD9:UK TAR:Germany

Address 811 Louisiana Street, Suite 2100, Houston, TX, USA, 77002

Website https://www.targaresources.com

Targa Resources Corp is a midstream firm that mainly 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. It has two operating segments: Gathering and Processing, and, Logistics and Transportation (also referred to as the Downstream Business).

74GF Score

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Inventory Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN3,775.00

Price

MXN2,470.34

GF Value

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