Tallgrass Energy Partners LP (Tallgrass Energy Partners LP) Days Inventory : 39.00 (As of Mar. 2018)

Tallgrass Energy Partners LP Days Inventory Chart

Tallgrass Energy Partners LP Quarterly Data
	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18
Days Inventory	Get a 7-Day Free Trial															27.74	24.83	17.79	25.72	39.00

Competitive Comparison of Tallgrass Energy Partners LP's Days Inventory

For the Oil & Gas Midstream subindustry, Tallgrass Energy Partners 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.

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

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

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

Tallgrass Energy Partners LP Days Inventory Calculation

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

Tallgrass Energy Partners LP's Days Inventory for the fiscal year that ended in Dec. 2017 is calculated as

Tallgrass Energy Partners LP's Days Inventory for the quarter that ended in Mar. 2018 is calculated as:

* 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.

Tallgrass Energy Partners LP  (NYSE:TEP) 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.

Tallgrass Energy Partners LP's Inventory Turnover for the three months ended in Mar. 2018 is calculated as

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.

Tallgrass Energy Partners LP's Inventory to Revenue for the three months ended in Mar. 2018 is calculated as

* 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

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.

Tallgrass Energy Partners LP Days Inventory Related Terms

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Tallgrass Energy Partners LP (Tallgrass Energy Partners LP) Business Description