Ferrellgas Partners LP (Ferrellgas Partners LP) Inventory Turnover : 2.73 (As of Jan. 2024)

View and export this data going back to 1994. Start your Free Trial

What is Ferrellgas Partners LP Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Ferrellgas Partners LP's Cost of Goods Sold for the three months ended in Jan. 2024 was $282 Mil. Ferrellgas Partners LP's Average Total Inventories for the quarter that ended in Jan. 2024 was $103 Mil. Ferrellgas Partners LP's Inventory Turnover for the quarter that ended in Jan. 2024 was 2.73.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ferrellgas Partners LP's Days Inventory for the three months ended in Jan. 2024 was 33.39.

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. Ferrellgas Partners LP's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 0.17.

Ferrellgas Partners LP Inventory Turnover Historical Data

The historical data trend for Ferrellgas Partners LP's Inventory Turnover 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.

Ferrellgas Partners LP Inventory Turnover Chart

Ferrellgas Partners LP Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Inventory Turnover

Get a 7-Day Free Trial

11.14

8.96

11.11

11.66

9.56

Ferrellgas Partners LP Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Inventory Turnover	Get a 7-Day Free Trial															3.01	2.80	1.57	1.73	2.73

Ferrellgas Partners LP Inventory Turnover Calculation

Ferrellgas Partners LP's Inventory Turnover for the fiscal year that ended in Jul. 2023 is calculated as

	Inventory Turnover (A: Jul. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jul. 2023 )	/ (	(Total Inventories (A: Jul. 2022 )	+	Total Inventories (A: Jul. 2023 ))	/	count )
=	1019.27	/ (	(115.187	+	98.104)	/	2 )
=	1019.27	/	106.6455
=	9.56

Ferrellgas Partners LP's Inventory Turnover for the quarter that ended in Jan. 2024 is calculated as

	Inventory Turnover (Q: Jan. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jan. 2024 )	/ (	(Total Inventories (Q: Oct. 2023 )	+	Total Inventories (Q: Jan. 2024 ))	/	count )
=	281.568	/ (	(105.829	+	100.253)	/	2 )
=	281.568	/	103.041
=	2.73

Ferrellgas Partners LP (OTCPK:FGPR) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Ferrellgas Partners LP's Days Inventory for the three months ended in Jan. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jan. 2024 )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
	=	103.041	/	281.568	*	365 / 4
	=	33.39

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.

Ferrellgas Partners LP's Inventory to Revenue for the quarter that ended in Jan. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jan. 2024 )	/	Revenue (Q: Jan. 2024 )
	=	103.041	/	609.877
	=	0.17

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Ferrellgas Partners LP Inventory Turnover Related Terms

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

Ferrellgas Partners LP (Ferrellgas Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ferrellgas Partners LP (OTCPK:FGPR) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

FGPRB:USA

Address

One Liberty Plaza, Liberty, MO, USA, 64068

Website

https://www.ferrellgas.com

Ferrellgas Partners LP operates as a propane distributor. Its operations primarily include the distribution and sale of propane and related equipment and supplies within the Midwest, Southeast, Southwest, and Northwest regions of the United States. The firm caters to residential, industrial, commercial, portable tank exchange, agricultural, wholesale and other, customers. Ferrellgas earns revenue primarily through the distribution of propane, as well as through the sale of propane related equipment and supplies.

Executives

Allen G Jones	officer: VP Legal & General Counsel	C/O FERRELLGAS, INC., ONE LIBERTY PLAZA, LIBERTY MO 64068
Joe Eby	director	13795 S. MUR-LEN RD, STE. 301, OLATHE MO 66062
Michael E Cole	officer: Chief Financial Officer	C/O FERRELLGAS, INC., ONE LIBERTY PLAZA, LIBERTY MO 64068
Dhiraj Cherian	officer: Chief Financial Officer	C/O FERRELLGAS, INC., ONE LIBERTY PLAZA, LIBERTY MO 64068
Edward Newberry	director	C/O FERRELLGAS, INC., ONE LIBERTY PLAZA, LIBERTY MO 64068
Ares Management Holdings L.p.	director	2000 AVENUE OF THE STARS, 12TH FL, LOS ANGELES CA 90067
Craig Snyder	director	2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Ares Management Corp	director	2000 AVE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Carney Hawks	director	C/O EXTRACTION OIL & GAS, 370 17TH STREET, SUITE 5300, DENVER CO 80202
Ares Management Llc	director	2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Ares Voting Llc	director	C/O ARES MGMT, 2000 AVE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Ares Holdco Llc	director	2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Ares Management Gp Llc	director	2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Ares Partners Holdco Llc	director	2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Brian Herrmann	officer: Interim CFO	ONE LIBERTY PLAZA, LIBERTY MO 64068