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

Energy Transfer LP (Energy Transfer LP) Total Inventories : $2,478 Mil (As of Dec. 2023)


View and export this data going back to 2006. Start your Free Trial

What is Energy Transfer LP Total Inventories?

Energy Transfer LP's total inventories for the quarter that ended in Dec. 2023 was $2,478 Mil. Energy Transfer LP's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $2,534 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Energy Transfer LP's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-20.42.

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 three months ended in Dec. 2023 was 13.65.

Inventory Turnover measures how fast the company turns over its inventory within a year. Energy Transfer LP's Inventory Turnover for the quarter that 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 quarter that ended in Dec. 2023 was 0.12.


Energy Transfer LP Total Inventories Historical Data

The historical data trend for Energy Transfer 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.

Energy Transfer LP Total Inventories Chart

Energy Transfer LP Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,532.00 1,739.00 2,014.00 2,461.00 2,478.00

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
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 2,461.00 2,047.00 2,271.00 2,590.00 2,478.00

Energy Transfer 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.


Energy Transfer LP  (NYSE:ET) 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.

Energy Transfer LP's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

Net-Net Working Capital Per Share (Q: Dec. 2023 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(161+0.75 * 9148+0.5 * 2478-68981
-0-8035)/3367.53
=-20.42

2. 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 three months ended in Dec. 2023 is calculated as:

Days Inventory=Average Total Inventories (Q: Dec. 2023 )/Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=2534/16938*365 / 4
=13.65

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

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

Inventory Turnover=Cost of Goods Sold (Q: Dec. 2023 ) / Average Total Inventories (Q: Dec. 2023 )
=16938 / 2534
=6.68

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.

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

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=2534 / 20532
=0.12

* 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.


Energy Transfer LP Total Inventories Related Terms

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


Energy Transfer LP (Energy Transfer LP) Business Description

Traded in Other Exchanges
Address
8111 Westchester Drive, Suite 600, Dallas, TX, USA, 75225
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