Energy Transfer LP (Energy Transfer LP) Days Inventory : 13.65 (As of Dec. 2023)

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What is Energy Transfer LP Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Energy Transfer LP's Average Total Inventories for the three months ended in Dec. 2023 was $2,534 Mil. Energy Transfer LP's Cost of Goods Sold for the three months ended in Dec. 2023 was $16,938 Mil. Hence, Energy Transfer LP's Days Inventory for the three months ended in Dec. 2023 was 13.65.

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

ET' s Days Inventory Range Over the Past 10 Years
Min: 10.69 Med: 14.53 Max: 26
Current: 13.32

During the past 13 years, Energy Transfer LP's highest Days Inventory was 26.00. The lowest was 10.69. And the median was 14.53.

ET's Days Inventory is ranked better than
73.15% of 730 companies
in the Oil & Gas industry
Industry Median: 31.41 vs ET: 13.32

Energy Transfer LP's Days Inventory increased from Dec. 2022 (13.19) to Dec. 2023 (13.65). It might indicate that Energy Transfer LP's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Energy Transfer LP's Inventory Turnover for the three months ended in Dec. 2023 was 6.68.

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. Energy Transfer LP's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.12.

Energy Transfer LP Days Inventory Historical Data

The historical data trend for Energy Transfer 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.

Energy Transfer LP Days Inventory Chart

Energy Transfer LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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13.64

20.47

12.63

10.69

13.88

Energy Transfer 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															13.19	13.13	13.00	12.92	13.65

Competitive Comparison of Energy Transfer LP's Days Inventory

For the Oil & Gas Midstream subindustry, Energy Transfer 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.

Energy Transfer LP's Days Inventory Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Energy Transfer LP's Days Inventory falls into.

Energy Transfer LP Days Inventory Calculation

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

Energy Transfer 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
=	( (2461	+	2478)	/	2 )	/	64926	*	365
=	2469.5					/	64926	*	365
=	13.88

Energy Transfer 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
=	( (2590	+	2478)	/	2 )	/	16938	*	365 / 4
=	2534					/	16938	*	365 / 4
=	13.65

Energy Transfer LP (NYSE:ET) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	16938	/	2534
	=	6.68

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2534	/	20532
	=	0.12

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.

Energy Transfer LP Days Inventory Related Terms

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

Energy Transfer LP (Energy Transfer LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Energy Transfer LP (NYSE:ET) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

ETPC.PFD:USA ETPE.PFD:USA ETPD.PFD:USA

Address

8111 Westchester Drive, Suite 600, Dallas, TX, USA, 75225

Website

https://www.energytransfer.com

Energy Transfer owns a large platform of crude oil, natural gas, and natural gas liquid assets primarily in Texas and the U.S. midcontinent region. It also has gathering and processing facilities, one of the largest fractionation facilities in the U.S., and fuel distribution. Energy Transfer also owns the Lake Charles gas liquefaction facility. It combined its publicly traded limited and general partnerships in October 2018.

Executives

Mccrea Marshall S Iii	director, officer: See Remarks
Thomas P Mason	officer: EVP and General Counsel	3738 OAK LAWN AVE, DALLAS TX 75219
Bradford D. Whitehurst	officer: CFO	100 CONGRESS AVENUE, SUITE 450, AUSTIN TX 78701
Kelcy L Warren	director, 10 percent owner
Richard D Brannon	director	C/O CH4 ENERGY SIX, LLC, 5128 APACHE PLUME ROAD, SUITE 300, FORT WORTH TX 76109
James M. Wright	officer: EVP, GC & CCO	1300 MAIN STREET, HOUSTON TX 77002
Dylan Bramhall	officer: EVP & Group CFO	8111 WESTCHESTER DRIVE, SUITE 600, DALLAS TX 75225
Michael K Grimm	director	3141 HOOD STREET, SUITE 350, DALLAS TX 75219
Thomas E Long	officer: Chief Financial Officer	370 17TH STREET, SUITE 2775, DENVER CO 80202
Matthew S. Ramsey	director	6002 DEERWOOD, HOUSTON TX 77057
Ray C Davis	director	5950 SHERRY LANE, SUITE 550, DALLAS TX 75225
Ray W Washburne	director	47 HIGHLAND PARK VILLAGE, SUITE 200, DALLAS TX 75205
James Richard Perry	director	1108 LAVACA, SUITE 110 #143, AUSTIN TX 78701
Troy Sturrock	officer: SVP & Controller	1039 NORTH OAK CLIFF BOULEVARD, DALLAS TX 75208
Steven R. Anderson	director	1818 MARKET STREET, SUITE 1500, PHILADELPHIA PA 19103