Days Inventory is also known as Days Sales of Inventory (DSI). Genesis Energy LP's Average Total Inventories for the
three
months ended in Dec. 2023 was $131 Mil. Genesis Energy LP's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $691 Mil.
Hence, Genesis Energy LP's Days Inventory for the
three
months ended in Dec. 2023 was 17.31.
The historical rank and industry rank for Genesis Energy LP's Days Inventory or its related term are showing as below:
GEL'
s Days Inventory Range Over the Past 10 Years
Min: 6.58 Med: 12.87 Max: 19.18
Current: 15.21
During the past 13 years, Genesis Energy LP's highest Days Inventory was 19.18. The lowest was 6.58. And the median was 12.87.
GEL's Days Inventory is ranked better than 69.82% of 729
companies
in the Oil & Gas industry
Industry Median: 31.63
vs GEL: 15.21
Genesis Energy LP's Days Inventory
increased
from Dec. 2022 (12.82) to Dec. 2023 (17.31).
It might indicate that Genesis Energy LP's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Genesis Energy LP's Inventory Turnover for the
three
months 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
three
months ended in Dec. 2023 was 0.17.
Genesis Energy LP Days Inventory Historical Data
The historical data trend for Genesis Energy 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.
Genesis Energy LP Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Days Inventory
11.74
17.60
16.32
11.64
14.00
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
Days Inventory
12.82
12.52
15.93
16.45
17.31
Competitive Comparison
For the Oil & Gas Midstream subindustry, Genesis Energy 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.
Genesis Energy LP Days Inventory Distribution
For the Oil & Gas industry and Energy sector, Genesis Energy LP's Days Inventory distribution charts can be found below:
* The bar in red indicates where Genesis Energy LP's Days Inventory falls into.
Genesis Energy LP Days Inventory Calculation
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 fiscal year that ended in Dec. 2023 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.
Genesis Energy LP (NYSE:GEL) 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.
Genesis Energy LP's Inventory Turnover for the
three
months ended in Dec. 2023 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.
Genesis Energy LP's Inventory to Revenue for the
three
months ended in Dec. 2023 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.
Genesis Energy LP Days Inventory Related Terms
Thank you for viewing the detailed overview of Genesis Energy LP's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Genesis Energy LP (Genesis Energy LP) Business Description
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.
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