Cheniere Energy Partners LP (Cheniere Energy Partners LP) Total Inventories : $134 Mil (As of Mar. 2024)

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What is Cheniere Energy Partners LP Total Inventories?

Cheniere Energy Partners LP's total inventories for the quarter that ended in Mar. 2024 was $134 Mil. Cheniere Energy Partners LP's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was $138 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Cheniere Energy Partners LP's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-36.41.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Cheniere Energy Partners LP's Days Inventory for the three months ended in Mar. 2024 was 11.08.

Inventory Turnover measures how fast the company turns over its inventory within a year. Cheniere Energy Partners LP's Inventory Turnover for the quarter that ended in Mar. 2024 was 8.23.

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. Cheniere Energy Partners LP's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.06.

Cheniere Energy Partners LP Total Inventories Historical Data

The historical data trend for Cheniere Energy Partners 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.

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Cheniere Energy Partners LP Total Inventories Chart

Cheniere Energy Partners LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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116.00

107.00

176.00

160.00

142.00

Cheniere Energy Partners LP Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Inventories	Get a 7-Day Free Trial															150.00	130.00	131.00	142.00	134.00

Cheniere Energy Partners 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.

Cheniere Energy Partners LP (NYSE:CQP) 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.

Cheniere Energy Partners LP's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is

	Net-Net Working Capital Per Share (Q: Mar. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(333	+	0.75 * 395	+	0.5 * 134	-	18319
-	0	-	0)	/	484.041
=	-36.41

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

Cheniere Energy Partners LP'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
	=	138	/	1136	*	365 / 4
	=	11.08

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

Cheniere Energy Partners LP'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 )
	=	1136	/	138
	=	8.23

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.

Cheniere Energy Partners LP's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	138	/	2295
	=	0.06

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.

Cheniere Energy Partners LP Total Inventories Related Terms

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Cheniere Energy Partners LP (Cheniere Energy Partners LP) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Cheniere Energy Partners LP (NYSE:CQP) » Definitions » Total Inventories

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Address

700 Milam Street, Suite 1900, Houston, TX, USA, 77002

Website

https://www.cheniere.com

Cheniere Energy Partners is the direct owner of the Sabine Pass LNG terminals as well as regasification facilities. It also owns the Creole Trail Pipeline, which connects the terminal to third-party gas suppliers. Cheniere Partners shares in the marketing fees generated by Cheniere Marketing from Sabine Pass marketed gas volumes.

Executives

Taylor Johnson	director, other: Deputy GC and Asst. Sec.	700 MILAM STREET, SUITE 1900, HOUSTON TX 77002
Grindal Corey	director, officer: EVP, Worldwide Trading	700 MILAM STREET, SUITE 1900, HOUSTON TX 77002
Brian Arthur Baker	director	700 MILAM ST., SUITE 1900, HOUSTON TX 77002
Bx Rockies Platform Co Llc	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Holdings Iii L.p.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Christopher Manuel Dellamore	director	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Tim Wyatt	director, officer: SVP, Corp. Dev. and Strategy	700 MILAM STREET, SUITE 1900, HOUSTON TX 77002
James Robert Ball	director	4 PROVIDENCE VILLAS, BRACKENBURY, LONDON X0 W6 0BA
Adam Kuhnley	director	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
David L Slack	officer: VP & Chief Accounting Officer	700 MILAM STREET, SUITE 1900, HOUSTON TX 77002
Matthew Jk Runkle	director	345 PARK AVENUE, NEW YORK NY 10154
Bam Partners Trust	10 percent owner	181 BAY STREET, SUITE 300, TORONTO A6 M5J 2T3
Gso Holdings I Llc	10 percent owner	C/O GSO CAPITAL PARTNERS LP, 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Inc.	10 percent owner	345 PARK AVENUE, NEW YORK NY 10154
Blackstone Holdings Ii L.p.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154