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NGLPB.PFD (NGL Energy Partners LP) Total Inventories : $158.71 Mil (As of Jun. 2024)


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What is NGL Energy Partners LP Total Inventories?

NGL Energy Partners LP's total inventories for the quarter that ended in Jun. 2024 was $158.71 Mil. NGL Energy Partners LP's average total inventories from the quarter that ended in Mar. 2024 to the quarter that ended in Jun. 2024 was $144.81 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. NGL Energy Partners LP's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was $N/A.

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 Jun. 2024 was 10.70.

Inventory Turnover measures how fast the company turns over its inventory within a year. NGL Energy Partners LP's Inventory Turnover for the quarter that ended in Jun. 2024 was 8.53.

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 Jun. 2024 was 0.10.


NGL Energy Partners LP Total Inventories Historical Data

The historical data trend for NGL Energy 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.

* Premium members only.

NGL Energy Partners LP Total Inventories Chart

NGL Energy Partners LP Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 69.63 158.47 251.28 142.61 130.91

NGL Energy Partners LP Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Total Inventories Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 185.64 250.57 201.58 130.91 158.71

NGL Energy 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.


NGL Energy Partners LP  (NYSE:NGLpB.PFD) 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.

NGL Energy Partners LP's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2024 is

Net-Net Working Capital Per Share (Q: Jun. 2024 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(5.269+0.75 * 753.893+0.5 * 158.71-4625.586
-0-20.105)/0
=N/A

2. 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 Jun. 2024 is calculated as:

Days Inventory=Average Total Inventories (Q: Jun. 2024 )/Cost of Goods Sold (Q: Jun. 2024 )*Days in Period
=144.8085/1235.427*365 / 4
=10.70

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

NGL Energy Partners LP's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Jun. 2024 ) / Average Total Inventories (Q: Jun. 2024 )
=1235.427 / 144.8085
=8.53

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.

NGL Energy Partners LP's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Jun. 2024 ) / Revenue (Q: Jun. 2024 )
=144.8085 / 1387.259
=0.10

* 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

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.


NGL Energy Partners LP Total Inventories Related Terms

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NGL Energy Partners LP Business Description

Traded in Other Exchanges
Address
6120 South Yale Avenue, Suite 1300, Tulsa, OK, USA, 74136
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, and 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.