EnLink Midstream Partners LP (EnLink Midstream Partners LP) Total Inventories : $153 Mil (As of Sep. 2018)

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What is EnLink Midstream Partners LP Total Inventories?

EnLink Midstream Partners LP's total inventories for the quarter that ended in Sep. 2018 was $153 Mil. EnLink Midstream Partners LP's average total inventories from the quarter that ended in Jun. 2018 to the quarter that ended in Sep. 2018 was $107 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. EnLink Midstream Partners LP's Net-Net Working Capital per share for the quarter that ended in Sep. 2018 was $-16.36.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. EnLink Midstream Partners LP's Days Inventory for the three months ended in Sep. 2018 was 5.30.

Inventory Turnover measures how fast the company turns over its inventory within a year. EnLink Midstream Partners LP's Inventory Turnover for the quarter that ended in Sep. 2018 was 17.21.

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. EnLink Midstream Partners LP's Inventory-to-Revenue for the quarter that ended in Sep. 2018 was 0.05.

EnLink Midstream Partners LP Total Inventories Historical Data

The historical data trend for EnLink Midstream Partners LP's Total Inventories 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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EnLink Midstream Partners LP Total Inventories Chart

EnLink Midstream Partners LP Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Total Inventories

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17.75

30.80

32.10

31.00

39.70

EnLink Midstream Partners LP Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
Total Inventories	Get a 7-Day Free Trial															73.00	39.70	22.00	60.80	153.40

EnLink Midstream Partners LP Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

EnLink Midstream Partners LP (NYSE:ENLK) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

EnLink Midstream Partners LP's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2018 is

	Net-Net Working Capital Per Share (Q: Sep. 2018 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(63.6	+	0.75 * 198	+	0.5 * 153.4	-	5396.4
-	0	-	667.6)	/	353.098
=	-16.36

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

EnLink Midstream Partners LP's Days Inventory for the three months ended in Sep. 2018 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2018 )	/	Cost of Goods Sold (Q: Sep. 2018 )	*	Days in Period
	=	107.1	/	1843.3	*	365 / 4
	=	5.30

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

EnLink Midstream Partners LP's Inventory Turnover for the quarter that ended in Sep. 2018 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2018 )	/	Average Total Inventories (Q: Sep. 2018 )
	=	1843.3	/	107.1
	=	17.21

4. 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.

EnLink Midstream Partners LP's Inventory to Revenue for the quarter that ended in Sep. 2018 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2018 )	/	Revenue (Q: Sep. 2018 )
	=	107.1	/	2119.7
	=	0.05

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

EnLink Midstream Partners LP Total Inventories Related Terms

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EnLink Midstream Partners LP (EnLink Midstream Partners LP) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.enlink.com

Crosstex Energy LP is a midstream natural gas master limited partnership that gathers, transports, processes, and markets natural gas and natural gas liquids, primarily in Texas and Louisiana. The company operates gas gathering systems in the Barnett Shale and Louisiana, the largest intrastate pipeline in Louisiana, and large processing operations in South Louisiana.

Executives

Gip Iii Stetson Gp, Llc	director, 10 percent owner	C/O GLOBAL INFRASTRUCTURE PARTNERS, 1345 AVENUE OF THE AMERICAS, 30TH FLOOR, NEW YORK NY 10105
Global Infrastructure Investors Iii, Llc	director, 10 percent owner	C/O GLOBAL INFRASTRUCTURE PARTNERS, 1345 AVENUE OF THE AMERICAS, 30TH FLOOR, NEW YORK NY 10105
Gip Iii Stetson Aggregator I, L.p.	director, 10 percent owner	C/O GLOBAL INFRASTRUCTURE PARTNERS, 1345 AVENUE OF THE AMERICAS, 30TH FLOOR, NEW YORK NY 10105
Global Infrastructure Gp Iii, L.p.	director, 10 percent owner	C/O GLOBAL INFRASTRUCTURE PARTNERS, 1345 AVENUE OF THE AMERICAS, 30TH FLOOR, NEW YORK NY 10105
Gip Iii Stetson Aggregator Ii, L.p.	director, 10 percent owner	C/O GLOBAL INFRASTRUCTURE PARTNERS, 1345 AVENUE OF THE AMERICAS, 30TH FLOOR, NEW YORK NY 10105
Gip Iii Stetson I, L.p.	director, 10 percent owner	C/O GLOBAL INFRASTRUCTURE PARTNERS, 1345 AVENUE OF THE AMERICAS, 30TH FLOOR, NEW YORK NY 10105
West Street International Infrastructure Partners Iii, L.p.	10 percent owner	200 WEST STREET, NEW YORK NY 10282
Alaina K Brooks	director, officer: EVP, CL&AO, & Secretary	2501 CEDAR SPRINGS, SUITE 100, DALLAS TX 75201
West Street European Infrastructure Partners Iii, L.p.	10 percent owner	200 WEST STREET, NEW YORK NY 10282
Broad Street Infrastructure Advisors Iii, L.l.c.	10 percent owner	200 WEST STREET, NEW YORK NY 10282
Broad Street Energy Advisors Aiv-1, L.l.c.	10 percent owner	200 WEST STREET, NEW YORK NY 10282
Enfield Holdings Advisors, Inc.	10 percent owner	301 COMMERCE STREET, FORT WORTH TX 76102
Enfield Holdings, L.p.	10 percent owner	301 COMMERCE STREET, FORT WORTH TX 76102
West Street Global Infrastructure Partners Iii, L.p.	10 percent owner	200 WEST STREET, NEW YORK NY 10282-2198
West Street Energy Partners Offshore Aiv-1, L.p.	10 percent owner	200 WEST STREET, NEW YORK NY 10282