What is Targa Resources Partners LP Inventory-to-Revenue?
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 Average Total Inventories for the quarter that ended in Sep. 2020 was $241 Mil. Targa Resources Partners LP's Revenue for the
three
months ended in Sep. 2020 was $2,115 Mil.
Targa Resources Partners LP's Inventory-to-Revenue for the quarter that ended in Sep. 2020 was 0.11.
Targa Resources Partners LP's Inventory-to-Revenue for the quarter that ended in Sep. 2020
increased
from Jun. 2020 (0.11) to Jun. 2020 (0.11)
An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:
1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.
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
three
months 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.
Targa Resources Partners LP Inventory-to-Revenue Historical Data
* 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.
Competitive Comparison of Targa Resources Partners LP's Inventory-to-Revenue
For the Oil & Gas Midstream subindustry, Targa Resources Partners LP's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue 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.
Targa Resources Partners LP's Inventory-to-Revenue Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Targa Resources Partners LP's Inventory-to-Revenue distribution charts can be found below:
* The bar in red indicates where Targa Resources Partners LP's Inventory-to-Revenue falls into.
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 fiscal year that ended in Dec. 2019 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.
An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:
1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.
Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:
1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.
More Related Terms:
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
three
months ended in Sep. 2020 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.
Targa Resources Partners LP Inventory-to-Revenue Related Terms
Thank you for viewing the detailed overview of Targa Resources Partners LP's Inventory-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.
Targa Resources Partners LP (Targa Resources Partners LP) Business Description
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.
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