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Tallgrass Energy Partners LP (Tallgrass Energy Partners LP) Total Inventories : $32.1 Mil (As of Mar. 2018)


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What is Tallgrass Energy Partners LP Total Inventories?

Tallgrass Energy Partners LP's total inventories for the quarter that ended in Mar. 2018 was $32.1 Mil. Tallgrass Energy Partners LP's average total inventories from the quarter that ended in Dec. 2017 to the quarter that ended in Mar. 2018 was $26.9 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Tallgrass Energy Partners LP's Net-Net Working Capital per share for the quarter that ended in Mar. 2018 was $-34.98.

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.

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 quarter that ended in Mar. 2018 was 0.15.

Tallgrass Energy Partners LP Total Inventories Historical Data

The historical data trend for Tallgrass 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.

* Premium members only.

Tallgrass Energy Partners LP Total Inventories Chart

Tallgrass Energy Partners LP Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Total Inventories
Get a 7-Day Free Trial 5.55 13.05 13.79 13.09 21.61

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
Total Inventories Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 15.65 11.24 10.17 21.61 32.15

Tallgrass 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.

Tallgrass Energy Partners LP  (NYSE:TEP) 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.

Tallgrass Energy Partners LP's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2018 is

Net-Net Working Capital Per Share (Q: Mar. 2018 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(4.065+0.75 * 131.401+0.5 * 32.147-2612.067
-0-67.312)/73.1998
=-34.98

2. 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:

Days Inventory=Average Total Inventories (Q: Mar. 2018 )/Cost of Goods Sold (Q: Mar. 2018 )*Days in Period
=26.878/62.894*365 / 4
=39.00

3. 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 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Mar. 2018 ) / Average Total Inventories (Q: Mar. 2018 )
=62.894 / 26.878
=2.34

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.

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

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2018 ) / Revenue (Q: Mar. 2018 )
=26.878 / 179.094
=0.15

* 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

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.

Tallgrass Energy Partners LP Total Inventories Related Terms

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

Industry
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Traded in Other Exchanges
N/A
Address
Website
http://www.tallgrassenergy.com
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).
Executives
Frank J Loverro director 320 PARK AVENUE, 24TH FLOOR, NEW YORK NY 10022
William R. Moler director, officer: See Remarks 4200 WEST 115TH STREET, SUITE 350, LEAWOOD KS 66211
Dehaemers David G Jr director, officer: See Remarks 4200 WEST 115TH STREET, SUITE 350, LEAWOOD KS 66211
Osborne Stanley De J director C/O KELSO AND COMPANY, 320 PARK AVENUE, 24TH FLOOR, NEW YORK NY 10022
John T Raymond director THE ENERGY & MINERALS GROUP, 811 MAIN STREET, SUITE 4200, HOUSTON TX 77002