Icahn Enterprises LP (Icahn Enterprises LP) Days Inventory : 40.87 (As of Dec. 2023)

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What is Icahn Enterprises LP Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Icahn Enterprises LP's Average Total Inventories for the three months ended in Dec. 2023 was $1,066 Mil. Icahn Enterprises LP's Cost of Goods Sold for the three months ended in Dec. 2023 was $2,380 Mil. Hence, Icahn Enterprises LP's Days Inventory for the three months ended in Dec. 2023 was 40.87.

The historical rank and industry rank for Icahn Enterprises LP's Days Inventory or its related term are showing as below:

IEP' s Days Inventory Range Over the Past 10 Years
Min: 41.86 Med: 65.24 Max: 139.92
Current: 45.2

During the past 13 years, Icahn Enterprises LP's highest Days Inventory was 139.92. The lowest was 41.86. And the median was 65.24.

IEP's Days Inventory is ranked worse than
63.56% of 730 companies
in the Oil & Gas industry
Industry Median: 31.555 vs IEP: 45.20

Icahn Enterprises LP's Days Inventory declined from Dec. 2022 (49.55) to Dec. 2023 (40.87).

Inventory Turnover measures how fast the company turns over its inventory within a year. Icahn Enterprises LP's Inventory Turnover for the three months ended in Dec. 2023 was 2.23.

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. Icahn Enterprises LP's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.38.

Icahn Enterprises LP Days Inventory Historical Data

The historical data trend for Icahn Enterprises LP's Days Inventory 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.

Icahn Enterprises LP Days Inventory Chart

Icahn Enterprises LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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79.49

97.46

58.84

46.98

50.44

Icahn Enterprises LP Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															49.55	53.05	41.71	40.31	40.87

Competitive Comparison of Icahn Enterprises LP's Days Inventory

For the Oil & Gas Refining & Marketing subindustry, Icahn Enterprises LP's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Icahn Enterprises LP's Days Inventory Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Icahn Enterprises LP's Days Inventory distribution charts can be found below:

* The bar in red indicates where Icahn Enterprises LP's Days Inventory falls into.

Icahn Enterprises LP Days Inventory Calculation

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

Icahn Enterprises LP's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (1531	+	1047)	/	2 )	/	9327	*	365
=	1289					/	9327	*	365
=	50.44

Icahn Enterprises LP's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1085	+	1047)	/	2 )	/	2380	*	365 / 4
=	1066					/	2380	*	365 / 4
=	40.87

Icahn Enterprises LP (NAS:IEP) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

Icahn Enterprises LP's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2380	/	1066
	=	2.23

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.

Icahn Enterprises LP's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1066	/	2826
	=	0.38

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Icahn Enterprises LP Days Inventory Related Terms

Thank you for viewing the detailed overview of Icahn Enterprises LP's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Icahn Enterprises LP (Icahn Enterprises LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Icahn Enterprises LP (NAS:IEP) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

16690 Collins Avenue, PH-1, Penthouse Suite, Sunny Isles Beach, FL, USA, 33160

Website

https://www.ielp.com

Icahn Enterprises LP is a provider of diversified business services in the United States. The company operates its business through varied segments which include Investment, Automotive, Energy, Food Packaging, Real Estate, Pharma, and Home Fashion. Among these, the Energy segment derives the maximum revenue from the company. Geographically, it generates maximum revenue from the United States.

Executives

Brett Icahn	director	C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
David Willetts	director, officer: President and CEO	16690 COLLINS AVENUE - PH-1, SUNNY ISLES BEACH FL 33160
Ted Papapostolou	director, officer: CFO & Chief Accounting Officer	16690 COLLINS AVE., SUITE PH-1, SUNNY ISLES BEACH FL 33160
A B Krongard	director	C/O UNDER ARMOUR, INC., 1020 HULL STREET, BALTIMORE MD 21230
Aris Kekedjian	director, officer: President and CEO	655 THIRD AVENUE, 8TH FLOOR, 10017 NY 10017
Nancy Martori Dunlap	director	C/O CVR REFINING, LP, 2277 PLAZA DRIVE, SUITE 500, SUGAR LAND TX 77479
Carl C Icahn	director, 10 percent owner, officer: Chairman of the Board of GP	C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH-1, SUNNY ISLES BEACH FL 33160
Stephen A Mongillo	director	C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Denise Barton	director	3149 STERLINGSHIRE DRIVE, LAS VEGAS NV 89146
Jack Gumpert Wasserman	director	510 EAST 86TH STREET, NEW YORK NY 10028-7504
Michael Nevin	director	C/O ICAHN CAPITAL LP, 767 FIFTH AVENUE, SUITE 4700, NEW YORK NY 10153
James Larry Nelson	director	2747 PARADISE ROAD, PH2804, LAS VEGAS NV 89109
Keith Cozza	director	C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Sunghwan Cho	officer: Chief Financial Officer	C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Peter Reck	officer: Principal Accounting Officer	C/O ICAHN ENTERPRISES L.P., 767 FIFTH AVENUE, SUITE 4600, NEW YORK NY 10153