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Days Inventory is also known as Days Sales of Inventory (DSI). Plains GP Holdings LP's Average Total Inventories for the three months ended in Jun. 2024 was $478 Mil. Plains GP Holdings LP's Cost of Goods Sold for the three months ended in Jun. 2024 was $12,115 Mil. Hence, Plains GP Holdings LP's Days Inventory for the three months ended in Jun. 2024 was 3.60.
The historical rank and industry rank for Plains GP Holdings LP's Days Inventory or its related term are showing as below:
During the past 13 years, Plains GP Holdings LP's highest Days Inventory was 23.23. The lowest was 3.91. And the median was 8.55.
Plains GP Holdings LP's Days Inventory increased from Jun. 2023 (3.51) to Jun. 2024 (3.60). It might indicate that Plains GP Holdings LP's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year. Plains GP Holdings LP's Inventory Turnover for the three months ended in Jun. 2024 was 25.37.
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. Plains GP Holdings LP's Inventory-to-Revenue for the three months ended in Jun. 2024 was 0.04.
The historical data trend for Plains GP Holdings LP's Days Inventory 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.
Plains GP Holdings LP Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Days Inventory | Get a 7-Day Free Trial | 7.55 | 10.83 | 6.64 | 5.10 | 5.11 |
Plains GP Holdings LP Quarterly Data | ||||||||||||||||||||
Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | |
Days Inventory | Get a 7-Day Free Trial | 3.51 | 3.95 | 4.49 | 4.09 | 3.60 |
For the Oil & Gas Midstream subindustry, Plains GP Holdings LP's Days Inventory, along with its competitors' market caps and Days Inventory 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.
For the Oil & Gas industry and Energy sector, Plains GP Holdings LP's Days Inventory distribution charts can be found below:
* The bar in red indicates where Plains GP Holdings LP's Days Inventory falls into.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Plains GP Holdings LP's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as
Days Inventory (A: Dec. 2023 ) | |||||||||
= | Average Total Inventories | / | Cost of Goods Sold | * | Days in Period | ||||
= | ( (Total Inventories (A: Dec. 2022 ) | + | Total Inventories (A: Dec. 2023 )) | / | count ) | / | Cost of Goods Sold (A: Dec. 2023 ) | * | Days in Period |
= | ( (729 | + | 548) | / | 2 ) | / | 45582 | * | 365 |
= | 638.5 | / | 45582 | * | 365 | ||||
= | 5.11 |
Plains GP Holdings LP's Days Inventory for the quarter that ended in Jun. 2024 is calculated as:
Days Inventory (Q: Jun. 2024 ) | |||||||||
= | Average Total Inventories | / | Cost of Goods Sold | * | Days in Period | ||||
= | ( (Total Inventories (Q: Mar. 2024 ) | + | Total Inventories (Q: Jun. 2024 )) | / | count ) | / | Cost of Goods Sold (Q: Jun. 2024 ) | * | Days in Period |
= | ( (453 | + | 502) | / | 2 ) | / | 12115 | * | 365 / 4 |
= | 477.5 | / | 12115 | * | 365 / 4 | ||||
= | 3.60 |
* 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.
Plains GP Holdings LP (NAS:PAGP) Days Inventory Explanation
Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:
1. Inventory Turnover measures how fast the company turns over its inventory within a year.
Plains GP Holdings LP's Inventory Turnover for the three months ended in Jun. 2024 is calculated as
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 12115 | / | 477.5 | |
= | 25.37 |
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.
Plains GP Holdings LP's Inventory to Revenue for the three months ended in Jun. 2024 is calculated as
Inventory-to-Revenue | = | Average Total Inventories | / | Revenue |
= | 477.5 | / | 12933 | |
= | 0.04 |
* 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
A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.
Thank you for viewing the detailed overview of Plains GP Holdings LP's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Willie Cw Chiang | director, officer: Chairman & CEO | 370 17TH STREET, SUITE 2775, DENVER CO 80202 |
Jeremy L. Goebel | officer: EVP & CCO | 333 CLAY STREET, SUITE 1600, HOUSTON TX 77002 |
Ellen Desanctis | director | 12326 OLD OAKS, HOUSTON TX 77024 |
Kevin S Mccarthy | director | C/O KAYNE ANDERSON CAPITAL ADVISORS, LP, 1800 AVENUE OF THE STARS, SECOND FLOOR, LOS ANGELES CA 90067 |
Gary R Petersen | director | 210 HEDWIG, HOUSTON TX 77019 |
Victor Burk | director | C/O ENERVEST MANAGEMENT PARTNERS LTD, 1001 FANNIN STREET, SUITE 800, HOUSTON TX 77002 |
Lawrence Michael Ziemba | director | 600 NORTH DAIRY ASHFORD, HOUSTON TX 77079 |
John T Raymond | director | THE ENERGY & MINERALS GROUP, 811 MAIN STREET, SUITE 4200, HOUSTON TX 77002 |
Alexandra Pruner | director | 1201 LAKE ROBBINS DRIVE, THE WOODLANDS TX 77380 |
Bobby S Shackouls | director | 5051 WESTHEIMER, STE 1400, HOUSTON TX 77056-5604 |
Chris Temple | director | 3953 MAPLE AVENUE, SUITE 180, DALLAS TX 75219 |
Emg Investment, Llc | director, See Remarks | 1401 MCKINNEY STREET, SUITE 1025, HOUSTON TX 77010 |
Robert V Sinnott | director | 1800 AVENUE OF THE STARS, 3RD FLOOR, LOS ANGELES CA 90067 |
Greg L Armstrong | director, 10 percent owner, officer: Chairman & CEO | |
Harry N Pefanis | officer: President & COO | 333 CLAY STREET, STE 1600, HOUSTON TX 77002 |
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