What is Tallgrass Energy Partners LP 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. Tallgrass Energy Partners LP's Average Total Inventories for the quarter that ended in Mar. 2018 was $26.9 Mil. Tallgrass Energy Partners LP's Revenue for the
three
months ended in Mar. 2018 was $179.1 Mil.
Tallgrass Energy Partners LP's Inventory-to-Revenue for the quarter that ended in Mar. 2018 was 0.15.
Tallgrass Energy Partners LP's Inventory-to-Revenue for the quarter that ended in Mar. 2018
increased
from Dec. 2017 (0.09) to Dec. 2017 (0.15)
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.
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
three
months ended in Mar. 2018 was 39.00.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Tallgrass Energy Partners LP's Inventory Turnover for the quarter that ended in Mar. 2018 was 2.34.
Tallgrass Energy Partners LP Inventory-to-Revenue Historical Data
* 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.
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Tallgrass Energy Partners LP Inventory-to-Revenue Chart
Competitive Comparison of Tallgrass Energy Partners LP's Inventory-to-Revenue
For the Oil & Gas Midstream subindustry, Tallgrass Energy Partners LP'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.
Tallgrass Energy Partners LP's Inventory-to-Revenue Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Tallgrass Energy Partners LP's Inventory-to-Revenue distribution charts can be found below:
* The bar in red indicates where Tallgrass Energy Partners LP's Inventory-to-Revenue falls into.
Tallgrass Energy Partners LP Inventory-to-Revenue Calculation
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 fiscal year that ended in Dec. 2017 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) 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.
Tallgrass Energy Partners LP's Days Inventory 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.
Tallgrass Energy Partners LP Inventory-to-Revenue Related Terms
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Tallgrass Energy Partners LP (Tallgrass Energy Partners LP) Business Description
Tallgrass Energy Partners is a young master limited partnership that focuses opportunistically on growth through acquisition and development of natural gas and crude oil transportation, as well as gathering and processing assets. Tallgrass operates and has participating interests in some of the more strategically important midstream assets in the Bakken and Rockies (for example, the REX and Pony Express lines).
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