NGL (NGL Energy Partners LP) Inventory Turnover: 10.87 (As of Mar. 2026)

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NGL Energy Partners LP NGL

41 GF Score

Price $15.30

GF Value $4.39

Valuation Significantly Overvalued

6 Warning Signs

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What is NGL Energy Partners LP Inventory Turnover?

NGL Energy Partners LP NGL -0.39% 41 Inventory Turnover is 10.87 as of Mar. 2026. GuruFocus rates NGL with a GF Score™ of 41/100 and a GF Value™ of $4.39 (Significantly Overvalued). The stock has 6 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. NGL Energy Partners LP's Cost of Goods Sold for the three months ended in Mar. 2026 was $794 Mil. NGL Energy Partners LP's Average Total Inventories for the quarter that ended in Mar. 2026 was $73 Mil. NGL Energy Partners LP's Inventory Turnover for the quarter that ended in Mar. 2026 was 10.87.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. NGL Energy Partners LP's Days Inventory for the three months ended in Mar. 2026 was 8.40.

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. NGL Energy Partners LP's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 0.08.

NGL Energy Partners LP (NYSE:NGL) 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.

NGL Energy Partners LP'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
	=	73.08	/	794.23	*	365 / 4
	=	8.40

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.

NGL Energy Partners LP'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 )
	=	73.08	/	949.51
	=	0.08

* 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.

NGL Energy Partners LP Inventory Turnover Related Terms

NGL Energy Partners LP Inventory Turnover Historical Data

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The historical data trend for NGL Energy Partners LP's Inventory Turnover can be seen below:

NGL Energy Partners LP Inventory Turnover Chart

NGL Energy Partners LP Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

Inventory Turnover

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36.26

25.20

27.70

31.29

35.51

NGL Energy Partners LP 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															7.59	5.94	4.86	7.20	10.87

41GF Score

NGL Energy Partners LP NGL

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

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NGL Energy Partners LP Inventory Turnover Calculation

NGL Energy Partners LP's Inventory Turnover for the fiscal year that ended in Mar. 2026 is calculated as

	Inventory Turnover (A: Mar. 2026 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2026 )	/ (	(Total Inventories (A: Mar. 2025 )	+	Total Inventories (A: Mar. 2026 ))	/	count )
=	2436.994	/ (	(69.916	+	67.351)	/	2 )
=	2436.994	/	68.6335
=	35.51

NGL Energy Partners LP'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 )
=	794.23	/ (	(78.809	+	67.351)	/	2 )
=	794.23	/	73.08
=	10.87

Frequently Asked Questions Learn more about Inventory Turnover →

What does a Inventory Turnover of 10.87 mean?

NGL Energy Partners LP (NGL) has a Inventory Turnover of 10.87 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on NGL Energy Partners LP and its competitors.

Is NGL Energy Partners LP's Inventory Turnover too high?

NGL Energy Partners LP's current Inventory Turnover is 10.87. Overall, NGL Energy Partners LP has a GF Score™ of 41/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does NGL Energy Partners LP's Inventory Turnover compare to GEL and TNK?

NGL Energy Partners LP's Inventory Turnover of 10.87 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 NGL Energy Partners LP and its competitors. NGL Energy Partners LP's current Inventory Turnover is 10.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is NGL Energy Partners LP stock overvalued right now?

Based on GuruFocus' analysis, NGL Energy Partners LP (NGL) is currently considered Significantly Overvalued. The stock's GF Value™ is $4.39, compared to a current price of $15.30 — trading 248.5% above its estimated fair value. The current Inventory Turnover is 10.87. NGL Energy Partners LP's overall GF Score™ is 41/100 with 6 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 NGL Energy Partners LP (NGL), the current Inventory Turnover is 10.87 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 NGL Energy Partners LP (NGL) Overvalued in 2026?

Based on GuruFocus' analysis, NGL Energy Partners LP stock appears to be overvalued. The current stock price of $15.30 is trading 248.5% above its estimated GF Value™ of $4.39. GuruFocus considers NGL Energy Partners LP to be Significantly Overvalued.

Key valuation signals for NGL:

Inventory Turnover: 10.87
GF Value™: $4.39 vs. price of $15.30 (248.5% above fair value)
GF Score™: 41/100 with 6 warning signs

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

NGL Energy Partners LP Business Description

Industry Energy Oil & Gas

Comparable Companies GEL TNK FLNG GLP LPG NVGS NAT EE DHT PBT TSX:ENB WMB EPD KMI TSX:TRP ET TRGP MPLX OKE LNG

Other Exchanges NGLpC.PFD:USA NGLpB.PFD:USA

Address 6120 South Yale Avenue, Suite 1300, Tulsa, OK, USA, 74136

Website https://www.nglenergypartners.com

NGL Energy Partners LP is a USA-based firm that owns and operates a vertically integrated energy business. The company's operating segments include Crude Oil Logistics, Water Solutions, and Liquids Logistics. It operates crude oil Logistics, owns pipeline injection stations, and offers services for the treatment and disposal of wastewater generated from crude oil and natural gas production, as well as for the disposal of solids, such as tank bottoms and drilling fluids. The firm also supplies natural gas liquids to retailers, wholesalers, refiners, and petrochemical plants and sells propane and distillates.

41GF Score

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

$15.30

Price

$4.39

GF Value

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