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Spectra Energy Partners LP (Spectra Energy Partners LP) Days Inventory : 23.52 (As of Sep. 2018)


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What is Spectra Energy Partners LP Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Spectra Energy Partners LP's Average Total Inventories for the three months ended in Sep. 2018 was $59 Mil. Spectra Energy Partners LP's Cost of Goods Sold for the three months ended in Sep. 2018 was $227 Mil. Hence, Spectra Energy Partners LP's Days Inventory for the three months ended in Sep. 2018 was 23.52.

The historical rank and industry rank for Spectra Energy Partners LP's Days Inventory or its related term are showing as below:

SEP's Days Inventory is not ranked *
in the Oil & Gas industry.
Industry Median: 31.5
* Ranked among companies with meaningful Days Inventory only.

Spectra Energy Partners LP's Days Inventory increased from Sep. 2017 (18.53) to Sep. 2018 (23.52). It might indicate that Spectra Energy Partners LP's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Spectra Energy Partners LP's Inventory Turnover for the three months ended in Sep. 2018 was 3.88.

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. Spectra Energy Partners LP's Inventory-to-Revenue for the three months ended in Sep. 2018 was 0.08.


Spectra Energy Partners LP Days Inventory Historical Data

The historical data trend for Spectra Energy Partners 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.

* Premium members only.

Spectra Energy Partners LP Days Inventory Chart

Spectra Energy Partners LP Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 23.30 22.22 19.22 17.10 17.30

Spectra Energy Partners LP Quarterly Data
Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18
Days Inventory 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 18.53 17.30 17.62 20.95 23.52

Competitive Comparison of Spectra Energy Partners LP's Days Inventory

For the Oil & Gas Midstream subindustry, Spectra Energy Partners 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.


Spectra Energy Partners LP's Days Inventory Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Spectra Energy Partners LP's Days Inventory distribution charts can be found below:

* The bar in red indicates where Spectra Energy Partners LP's Days Inventory falls into.



Spectra Energy Partners LP Days Inventory Calculation

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

Spectra Energy Partners LP's Days Inventory for the fiscal year that ended in Dec. 2017 is calculated as

Days Inventory (A: Dec. 2017 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2016 ) + Total Inventories (A: Dec. 2017 )) / count ) / Cost of Goods Sold (A: Dec. 2017 )*Days in Period
=( (40 + 40) / 2 ) / 844*365
=40 / 844*365
=17.30

Spectra Energy Partners LP's Days Inventory for the quarter that ended in Sep. 2018 is calculated as:

Days Inventory (Q: Sep. 2018 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Jun. 2018 ) + Total Inventories (Q: Sep. 2018 )) / count ) / Cost of Goods Sold (Q: Sep. 2018 )*Days in Period
=( (62 + 55) / 2 ) / 227*365 / 4
=58.5 / 227*365 / 4
=23.52

* 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.


Spectra Energy Partners LP  (NYSE:SEP) 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.

Spectra Energy Partners LP's Inventory Turnover for the three months ended in Sep. 2018 is calculated as

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.

Spectra Energy Partners LP's Inventory to Revenue for the three months ended in Sep. 2018 is calculated as

* 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.


Spectra Energy Partners LP Days Inventory Related Terms

Thank you for viewing the detailed overview of Spectra Energy Partners LP's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.


Spectra Energy Partners LP (Spectra Energy Partners LP) Business Description

Traded in Other Exchanges
N/A
Address
Spectra Energy Partners is a master limited partnership that is majority owned by its general partner and corporate parent, Enbridge, a Canadian energy company. SEP owns more than 15,000 miles of natural gas and oil pipelines in the U.S. and Canada. It also owns 170 billion cubic feet of gas storage and 5.6 million barrels of crude oil storage, as well as gas- and oil-gathering facilities.
Executives
Michael G Morris director AMERICAN ELECTRIC POWER, 1 RIVERSIDE PLAZA, COLUMBUS OH 43215
J D Woodward director
William T. Yardley director, officer: President & Chairman 5400 WESTHEIMER COURT, HOUSTON TX 77056
Nora Mead Brownell director C/O COMVERGE, INC., 120 EAGLE ROCK AVENUE, SUITE 190, EAST HANOVER NJ 07936
Laura Buss Sayavedra director, officer: See Remarks 5400 WESTHEIMER COURT, HOUSTON TX 77056
Stephen J Neyland officer: Vice President-Finance 5400 WESTHEIMER COURT, HOUSTON TX 77056
John K Whelen director 425 - 1ST STREET SW, CALGARY A0 T2P 3L8
Vernon D Yu director, officer: Chief Development Officer 425 - 1ST STREET SW, CALGARY A0 T2P 3L8
Allen C Capps officer: Controller 5400 WESTHEIMER COURT, HOUSTON TX 77056-5310
Gregory L Ebel director, officer: President & CEO
Fred J Fowler director C/O DCP MIDSTREAM, 370 17TH STREET, SUITE 2500, DENVER CO 80202
Julie Dill director 1301 RIVERPLACE BOULEVARD, SUITE 2300, JACKSONVILLE FL 32207
Dorothy M Ables director 5400 WESTHEIMER COURT, HOUSTON TX 77056
Reginald D Hedgebeth officer: General Counsel 9950 MAYLAND DRIVE, RICHMOND VA 23233
Steven D Arnold director 5400 WESTHEIMER COURT, HOUSTON TX 77056

Spectra Energy Partners LP (Spectra Energy Partners LP) Headlines