Genesis Energy LP (Genesis Energy LP) Change In Inventory : $-38 Mil (TTM As of Dec. 2023)

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What is Genesis Energy LP Change In Inventory?

Genesis Energy LP's change in inventory for the quarter that ended in Dec. 2023 was $-8 Mil. It means Genesis Energy LP's inventory increased by $8 Mil from Sep. 2023 to Dec. 2023 .

Genesis Energy LP's change in inventory for the fiscal year that ended in Dec. 2023 was $-38 Mil. It means Genesis Energy LP's inventory increased by $38 Mil from Dec. 2022 to Dec. 2023 .

Genesis Energy LP's Total Inventories for the quarter that ended in Dec. 2023 was $135 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Genesis Energy LP's Days Inventory for the quarter that ended in Dec. 2023 was 17.31.

Inventory Turnover measures how fast the company turns over its inventory within a year. Genesis Energy LP's Inventory Turnover for the quarter that ended in Dec. 2023 was 5.27.

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. Genesis Energy LP's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.17.

Genesis Energy LP Change In Inventory Historical Data

The historical data trend for Genesis Energy LP's Change In 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.

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Genesis Energy LP Change In Inventory Chart

Genesis Energy LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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7.66

-34.74

20.37

2.09

-37.57

Genesis Energy LP Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Inventory	Get a 7-Day Free Trial															14.76	-23.66	3.48	-9.09	-8.29

Genesis Energy LP Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-38 Mil.

Genesis Energy LP (NYSE:GEL) Change In Inventory Explanation

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

Genesis Energy LP's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	131.0885	/	691.017	*	365 / 4
	=	17.31

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

Genesis Energy LP's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	691.017	/	131.0885
	=	5.27

3. 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.

Genesis Energy LP's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	131.0885	/	774.104
	=	0.17

Genesis Energy LP Change In Inventory Related Terms

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Genesis Energy LP (Genesis Energy LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Genesis Energy LP (NYSE:GEL) » Definitions » Change In Inventory

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Traded in Other Exchanges

N/A

Address

811 Louisiana, Suite 1200, Houston, TX, USA, 77002

Website

https://www.genesisenergy.com

Genesis Energy LP is an us-based limited partnership that focuses on the midstream segment of the crude oil and natural gas industry. It engages in providing services to crude oil and natural gas producers, and industrial and commercial enterprises. The company's reportable segments are offshore pipeline transportation, sodium minerals and sulfur services, onshore facilities and transportation, and marine transportation. It generates maximum revenue from the offshore pipeline transportation segment. The Sodium minerals and sulfur services segment includes trona and trona-based exploring, mining, processing, producing, marketing, and selling activities, as well as processing high sulfur gas streams for refineries to remove the sulfur, and selling the related by-product.

Executives

Jeffrey J Rasmussen	officer: VP & GM - Refinery Services	811 LOUISIANA STREET, SUITE 1200, HOUSTON TX 77002
Edward T Flynn	officer: President, Genesis Alkali, LLC	1735 MARKET STREET, PHILADELPHIA PA 19103
Ryan S Sims	officer: Vice President	919 MILAM SUITE 2100, HOUSTON TX 77002
William W Rainsberger	officer: SVP - Offshore	919 MILAM SUITE 2100, HOUSTON TX 77002
Scott A Sims	officer: VP - Offshore	811 LOUISIANA STREET, SUITE 1200, HOUSTON TX 77002
Louis V Nicol	officer: SVP & Chief Accounting Officer	811 LOUISIANA STREET, SUITE 1200, HOUSTON TX 77002
James E Davison	director	2000 FARMERVILLE HIGHWAY, RUSTON LA 71270
Grant E Sims	director, officer: Chief Executive Officer	919 MILAM SUITE 2100, HOUSTON TX 77002
Garland G Gaspard	officer: Vice President	919 MILAM SUITE 2100, HOUSTON TX 77002
William Stanton Goloway	officer: Vice President	919 MILAM SUITE 2100, HOUSTON TX 77002
Albert Conrad P	director	919 MILAM SUITE 2100, HOUSTON TX 77002
Kristen O Jesulaitis	officer: General Counsel & Secretary	919 MILAM SUITE 2100, HOUSTON TX 77002
Davison James E. Jr.	director	500 SOUTH SERVICE ROAD EAST, RUSTON LA 71270
Richard R Alexander	officer: Vice President	919 MILAM SUITE 2100, HOUSTON TX 77002
Sharilyn S Gasaway	director	ONE ALLIED DRIVE, LITTLE ROCK AR 72202