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Plains GP Holdings LP's total inventories for the quarter that ended in Dec. 2024 was $439 Mil. Plains GP Holdings LP's average total inventories from the quarter that ended in Sep. 2024 to the quarter that ended in Dec. 2024 was $438 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Plains GP Holdings LP's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was $-116.02.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Plains GP Holdings LP's Days Inventory for the three months ended in Dec. 2024 was 3.48.
Inventory Turnover measures how fast the company turns over its inventory within a year. Plains GP Holdings LP's Inventory Turnover for the quarter that ended in Dec. 2024 was 26.25.
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. Plains GP Holdings LP's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.04.
The historical data trend for Plains GP Holdings 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.
Plains GP Holdings LP Annual Data | |||||||||||||||||||||
Trend | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | Dec24 | |||||||||||
Total Inventories | Get a 7-Day Free Trial |
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647.00 | 783.00 | 729.00 | 548.00 | 439.00 |
Plains GP Holdings LP Quarterly Data | ||||||||||||||||||||
Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | Dec24 | |
Total Inventories | Get a 7-Day Free Trial |
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548.00 | 453.00 | 502.00 | 436.00 | 439.00 |
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.
Plains GP Holdings LP (NAS:PAGP) 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.
Plains GP Holdings LP's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2024 is
Net-Net Working Capital Per Share (Q: Dec. 2024 ) | |||||||
= | (Cash And Cash Equivalents | + | 0.75 * Accounts Receivable | + | 0.5 * Total Inventories | - | Total Liabilities |
- | Preferred Stock | - | Minority Interest) | / | Shares Outstanding (EOP) | ||
= | (349 | + | 0.75 * 3901 | + | 0.5 * 439 | - | 13440 |
- | 0 | - | 12965) | / | 197.466 | ||
= | -116.02 |
2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Plains GP Holdings LP's Days Inventory for the three months ended in Dec. 2024 is calculated as:
Days Inventory | = | Average Total Inventories (Q: Dec. 2024 ) | / | Cost of Goods Sold (Q: Dec. 2024 ) | * | Days in Period |
= | 437.5 | / | 11484 | * | 365 / 4 | |
= | 3.48 |
3. Inventory Turnover measures how fast the company turns over its inventory within a year.
Plains GP Holdings LP's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as
Inventory Turnover | = | Cost of Goods Sold (Q: Dec. 2024 ) | / | Average Total Inventories (Q: Dec. 2024 ) |
= | 11484 | / | 437.5 | |
= | 26.25 |
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.
Plains GP Holdings LP's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as
Inventory-to-Revenue | = | Average Total Inventories (Q: Dec. 2024 ) | / | Revenue (Q: Dec. 2024 ) |
= | 437.5 | / | 12402 | |
= | 0.04 |
* 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.
Thank you for viewing the detailed overview of Plains GP Holdings LP's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.
Willie Cw Chiang | director, officer: Chairman & CEO | 370 17TH STREET, SUITE 2775, DENVER CO 80202 |
Jeremy L. Goebel | officer: EVP & CCO | 333 CLAY STREET, SUITE 1600, HOUSTON TX 77002 |
Ellen Desanctis | director | 12326 OLD OAKS, HOUSTON TX 77024 |
Kevin S Mccarthy | director | C/O KAYNE ANDERSON CAPITAL ADVISORS, LP, 1800 AVENUE OF THE STARS, SECOND FLOOR, LOS ANGELES CA 90067 |
Gary R Petersen | director | 210 HEDWIG, HOUSTON TX 77019 |
Victor Burk | director | C/O ENERVEST MANAGEMENT PARTNERS LTD, 1001 FANNIN STREET, SUITE 800, HOUSTON TX 77002 |
Lawrence Michael Ziemba | director | 600 NORTH DAIRY ASHFORD, HOUSTON TX 77079 |
John T Raymond | director | THE ENERGY & MINERALS GROUP, 811 MAIN STREET, SUITE 4200, HOUSTON TX 77002 |
Alexandra Pruner | director | 1201 LAKE ROBBINS DRIVE, THE WOODLANDS TX 77380 |
Bobby S Shackouls | director | 5051 WESTHEIMER, STE 1400, HOUSTON TX 77056-5604 |
Chris Temple | director | 3953 MAPLE AVENUE, SUITE 180, DALLAS TX 75219 |
Emg Investment, Llc | director, See Remarks | 1401 MCKINNEY STREET, SUITE 1025, HOUSTON TX 77010 |
Robert V Sinnott | director | 1800 AVENUE OF THE STARS, 3RD FLOOR, LOS ANGELES CA 90067 |
Greg L Armstrong | director, 10 percent owner, officer: Chairman & CEO | |
Harry N Pefanis | officer: President & COO | 333 CLAY STREET, STE 1600, HOUSTON TX 77002 |
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