Equitrans Midstream (Equitrans Midstream) Inventory-to-Revenue : 0.04 (As of Mar. 2024)

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What is Equitrans Midstream Inventory-to-Revenue?

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. Equitrans Midstream's Average Total Inventories for the quarter that ended in Mar. 2024 was $16 Mil. Equitrans Midstream's Revenue for the three months ended in Mar. 2024 was $364 Mil. Equitrans Midstream's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.04.

Equitrans Midstream's Inventory-to-Revenue for the quarter that ended in Mar. 2024 stayed the same from Dec. 2023 (0.04) to Dec. 2023 (0.04)

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Equitrans Midstream's Days Inventory for the three months ended in Mar. 2024 was 16.46.

Inventory Turnover measures how fast the company turns over its inventory within a year. Equitrans Midstream's Inventory Turnover for the quarter that ended in Mar. 2024 was 5.54.

Equitrans Midstream Inventory-to-Revenue Historical Data

The historical data trend for Equitrans Midstream's Inventory-to-Revenue 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.

Equitrans Midstream Inventory-to-Revenue Chart

Equitrans Midstream Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory-to-Revenue

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0.02

0.01

Equitrans Midstream Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory-to-Revenue	Get a 7-Day Free Trial															0.05	-	-	0.04	0.04

Competitive Comparison of Equitrans Midstream's Inventory-to-Revenue

For the Oil & Gas Midstream subindustry, Equitrans Midstream's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue 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.

Equitrans Midstream's Inventory-to-Revenue Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Equitrans Midstream's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where Equitrans Midstream's Inventory-to-Revenue falls into.

Equitrans Midstream Inventory-to-Revenue Calculation

Equitrans Midstream's Inventory-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory-to-Revenue (A: Dec. 2023 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )
=	( (19.173	+	15.851)	/	2 )	/	1393.929
=	17.512					/	1393.929
=	0.01

Equitrans Midstream's Inventory-to-Revenue for the quarter that ended in Mar. 2024 is calculated as

	Inventory-to-Revenue (Q: Mar. 2024 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Revenue (Q: Mar. 2024 )
=	( (15.851	+	0)	/	1 )	/	364.274
=	15.851					/	364.274
=	0.04

Equitrans Midstream (NYSE:ETRN) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

More Related Terms:

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

Equitrans Midstream's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	15.851	/	87.877	*	365 / 4
	=	16.46

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

Equitrans Midstream's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2024 )	/	Average Total Inventories (Q: Mar. 2024 )
	=	87.877	/	15.851
	=	5.54

Equitrans Midstream Inventory-to-Revenue Related Terms

Thank you for viewing the detailed overview of Equitrans Midstream's Inventory-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.

Equitrans Midstream (Equitrans Midstream) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Equitrans Midstream Corp (NYSE:ETRN) » Definitions » Inventory-to-Revenue

Comparable Companies

PAGP STNG CEQP FRO HEP DTM GLNG INSW NS VNOM TSX:ENB EPD WMB ET LNG OKE MPLX KMI TSX:TRP CQP

Traded in Other Exchanges

37W:Germany

Address

2200 Energy Drive, Canonsburg, PA, USA, 15317

Website

https://www.equitransmidstream.com

Equitrans acquired EQM Midstream in mid-2020, consolidating the midstream family. Equitrans now own EQM assets directly versus just unit ownership. EQM Midstream provides gathering, transmission, and water services to primarily Appalachian producers in Pennsylvania, West Virginia, and Ohio.

Executives

Vicky A Bailey	director	2099 PENNSYLVANIA AVNUE, NW, SUITE 1000, WASHINGTON DC 20006
Kirk R Oliver	officer: Sr VP & CFO	1601 BRYAN STREET, DALLAS TX 75201
Stephen M Moore	officer: Sr VP & General Counsel	2200 ENERGY DRIVE, CANONSBURG PA 15317
Thomas F Karam	officer: President & CEO	C/O SOUTHERN UNION CO, ONE PEI CENTER, WILKES BARRE PA 18711-0601
Patricia K Collawn	director	414 SILVER AVE SW MS 1275, ALBUQUERQUE NM 87102-3289
Kenneth Michael Burke	director	11742 RIVERVIEW DRIVE, HOUSTON TX 77007
Diana M Charletta	officer: EVP & Chief Operating Officer	2200 ENERGY DRIVE, CANONSBURG PA 15317
Sarah Morrison Barpoulis	director	SOUTH JERSEY INDUSTRIES, 1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037
D Mark Leland	director	333 CLAY STREET, SUITE 2400, HOUSTON TX 77002
Margaret K Dorman	director	C/O SMITH INTERNATIONAL INC, PO BOX 60068, HOUSTON TX 77205
Brian P. Pietrandrea	officer: Controller	2200 ENERGY DRIVE, CANONSBURG PA 15317
David L Porges	director	700 UNIVERSE BLVD, C/O NEXTERA ENERGY, INC., JUNO BEACH FL 33408
Robert F Vagt	director	5300 MEMORIAL DR, STE 800, HOUSTON TX 77007
Phillip D. Swisher	officer: VP & Chief Accounting Officer	625 LIBERTY AVENUE, SUITE 2000, PITTSBURGH PA 15222
Norman J Szydlowski	director	6120 S. YALE, SUITE 700, TULSA OK 74136