Targa Resources Partners LP (Targa Resources Partners LP) Change In Inventory : $-71 Mil (TTM As of Sep. 2020)

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What is Targa Resources Partners LP Change In Inventory?

Targa Resources Partners LP's change in inventory for the quarter that ended in Sep. 2020 was $-59 Mil. It means Targa Resources Partners LP's inventory increased by $59 Mil from Jun. 2020 to Sep. 2020 .

Targa Resources Partners LP's change in inventory for the fiscal year that ended in Dec. 2019 was $-45 Mil. It means Targa Resources Partners LP's inventory increased by $45 Mil from Dec. 2018 to Dec. 2019 .

Targa Resources Partners LP's Total Inventories for the quarter that ended in Sep. 2020 was $262 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Targa Resources Partners LP's Days Inventory for the quarter that ended in Sep. 2020 was 14.56.

Inventory Turnover measures how fast the company turns over its inventory within a year. Targa Resources Partners LP's Inventory Turnover for the quarter that ended in Sep. 2020 was 6.27.

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. Targa Resources Partners LP's Inventory-to-Revenue for the quarter that ended in Sep. 2020 was 0.11.

Targa Resources Partners LP Change In Inventory Historical Data

The historical data trend for Targa Resources Partners 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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Targa Resources Partners LP Change In Inventory Chart

Targa Resources Partners LP Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Change In Inventory

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41.40

-15.90

-73.20

-13.90

-45.00

Targa Resources Partners LP Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Change In Inventory	Get a 7-Day Free Trial															-13.00	44.70	62.30	-119.00	-59.10

Targa Resources Partners 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 Sep. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $-71 Mil.

Targa Resources Partners LP (NYSE:NGLS) Change In Inventory Explanation

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

Targa Resources Partners 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
	=	240.5	/	1506.9	*	365 / 4
	=	14.56

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

Targa Resources Partners LP's Inventory Turnover for the quarter that ended in Sep. 2020 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1506.9	/	240.5
	=	6.27

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.

Targa Resources Partners LP's Inventory to Revenue for the quarter that ended in Sep. 2020 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	240.5	/	2115.1
	=	0.11

Targa Resources Partners LP Change In Inventory Related Terms

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Targa Resources Partners LP (Targa Resources Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Targa Resources Partners LP (NYSE:NGLS) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

811 Louisiana Street, Suite 2100, Houston, TX, USA, 77002

Website

http://www.targaresources.com

Targa Resources Partners LP is a midstream natural gas company. It mainly operates, acquires and develop a diversified portfolio of complementary midstream energy assets. The company acts as a provider of midstream natural gas and NGL (Natural Gas Liquids) services as well as crude oil gathering and petroleum terminaling. The company's business activities include gathering, compressing, treating, processing and selling natural gas, storing, fractionating, treating, transporting and selling NGLs and NGL products, including services to LPG (Liquefied Petroleum Gas) exporters; gathering, storing and terminaling crude oil, and storing, terminaling and selling refined petroleum products. Targa divides its business into two segments Gathering and Processing, and Logistics and Transportation.

Executives

Davis Waters S Iv	director	10200 ALLIANCE ROAD, SUITE 200, CINCINNATI OH 45242
Chris Tong	director	600 E LAS COLINAS # 1100, IRVING TX 75019
Redd Ershel C Jr	director	C/O EL PASO ELECTRIC COMPANY, 100 N. STANTON, EL PASO TX 79901
Charles R Crisp	director	1301 MCKINNEY STE 700, HOUSTON TX 77010
Laura C. Fulton	director	THREE RIVERWAY, SUITE 1350, HOUSTON TX 77056
Robert B Evans	director	100 COLLEGE STREET, MINDEN LA 71055
Michael A Heim	other: Vice Chairman of the Board	TARGA RESOURCES PARTNERS LP, 1000 LOUISIANA STREET, SUITE 4300, HOUSTON TX 77002
Jeffrey J Mcparland	officer: See Remarks	TARGA RESOURCES PARTNERS LP, 1000 LOUISIANA STREET, SUITE 4300, HOUSTON TX 77002
Paul W Chung	officer: EVP, Gen. Counsel & Secretary	TARGA RESOURCES PARTNERS LP, 1000 LOUISIANA STREET, SUITE 4300, HOUSTON TX 77002
Barry R Pearl	director	P.O. BOX 2521, HOUSTON TX 77252-2521
James W Whalen	director, officer: Exec. Chairman of the Board	BETH SIBLEY, 1301 MCKINNEY STE 700, HOOOUSTON TX 77010
Joe Bob Perkins	director, officer: CEO	TARGA RESOURCES PARTNERS, LP, 1000 LOUISIANA ST., SUITE 4300, HOUSTON TX 77002
Ruth Dreessen	director	6850 VERSAR CENTER, SPRINGFIELD VA 22151
John Robert Sparger	officer: Senior VP and CAO	TARGA RESOURCES PARTNERS LP, 1000 LOUISIANA STREET, SUITE 4300, HOUSTON TX 77002
Matthew J Meloy	officer: Executive VP and CFO	1000 LOUISIANA, SUITE 4300, HOUSTON TX 77002

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