Inergy Midstream LP (Inergy Midstream LP) Inventory Turnover : 28.74 (As of Jun. 2015)

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What is Inergy Midstream LP Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Inergy Midstream LP's Cost of Goods Sold for the three months ended in Jun. 2015 was $316 Mil. Inergy Midstream LP's Average Total Inventories for the quarter that ended in Jun. 2015 was $11 Mil. Inergy Midstream LP's Inventory Turnover for the quarter that ended in Jun. 2015 was 28.74.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Inergy Midstream LP's Days Inventory for the three months ended in Jun. 2015 was 3.18.

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. Inergy Midstream LP's Inventory-to-Revenue for the quarter that ended in Jun. 2015 was 0.02.

Inergy Midstream LP Inventory Turnover Historical Data

The historical data trend for Inergy Midstream LP's Inventory Turnover 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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Inergy Midstream LP Inventory Turnover Chart

Inergy Midstream LP Annual Data

Trend

Sep09

Sep10

Sep11

Sep12

Dec13

Dec14

Inventory Turnover

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24.00

17.51

8.90

50.12

258.33

Inergy Midstream LP Quarterly Data
	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15
Inventory Turnover	Get a 7-Day Free Trial															56.73	72.42	54.55	33.33	28.74

Inergy Midstream LP Inventory Turnover Calculation

Inergy Midstream LP's Inventory Turnover for the fiscal year that ended in Dec. 2014 is calculated as

	Inventory Turnover (A: Dec. 2014 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2014 )	/ (	(Total Inventories (A: Dec. 2013 )	+	Total Inventories (A: Dec. 2014 ))	/	count )
=	1937.5	/ (	(7	+	8)	/	2 )
=	1937.5	/	7.5
=	258.33

Inergy Midstream LP's Inventory Turnover for the quarter that ended in Jun. 2015 is calculated as

	Inventory Turnover (Q: Jun. 2015 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2015 )	/ (	(Total Inventories (Q: Mar. 2015 )	+	Total Inventories (Q: Jun. 2015 ))	/	count )
=	316.1	/ (	(9.2	+	12.8)	/	2 )
=	316.1	/	11
=	28.74

Inergy Midstream LP (NYSE:NRGM) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Inergy Midstream LP's Days Inventory for the three months ended in Jun. 2015 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2015 )	/	Cost of Goods Sold (Q: Jun. 2015 )	*	Days in Period
	=	11	/	316.1	*	365 / 4
	=	3.18

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.

Inergy Midstream LP's Inventory to Revenue for the quarter that ended in Jun. 2015 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2015 )	/	Revenue (Q: Jun. 2015 )
	=	11	/	478.4
	=	0.02

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Inergy Midstream LP Inventory Turnover Related Terms

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Inergy Midstream LP (Inergy Midstream LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Inergy Midstream LP (NYSE:NRGM) » Definitions » Inventory Turnover

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Address

Website

http://www.crestwoodlp.com

Crestwood Midstream Partners LP, formerly known as Inergy Midstream, L.P., is a Delaware limited partnership formed in November 2011. The Company develops, acquires, owns and operates fee-based assets and operations within the energy midstream sector. The Company owns and operates a diversified portfolio of crude oil and natural gas gathering, processing, storage and transportation assets that connect energy supply with energy demand across North America. The Company has three reporting segments: Gathering and Processing, NGL and crude services, and Storage and Transportation. The Gathering and Processing operations engage in the gathering, processing, treating, compression, transportation and sales of natural gas and the delivery of NGLs. In Gathering and Processing, the Company provides natural gas gathering, processing, treating and compression services to producers in unconventional shale plays located in West Virginia, Wyoming, Texas, Arkansas, New Mexico and Louisiana. The Company owns rich gas systems in the Marcellus, Powder River Basin, Niobrara, Barnett, Granite Wash, and Avalon/Bone Spring Shale plays, and dry gas gathering systems in the Barnett, Fayetteville and Haynesville/Bossier Shale plays. The NGL and crude services operations provide gathering, storage and transportation services to producers, refiners, marketers, and others that effectively provide flow assurances to customers, as well as the production and sale of salt products. Operations in NGL and Crude segment include crude oil rail terminals, the Arrow gathering system, an NGL storage facility, and U.S Salt, LLC. The Storage and Transportation operations provide natural gas storage and transportations services to third parties. The corporate operations include all general and administrative expenses that are not allocated to the reportable segments. The Company owns and operates four natural gas storage facilities located in New York and Pennsylvania that have an aggregate working gas storage capacity of approximately 41.0 Bcf namely Stagecoach, Thomas Corners, Steuben, and Seneca Lake. Further, the Company owns natural gas transportation facilities located in New York and Pennsylvania namely North-South Facilities, MARC I Pipeline, and East Pipeline. Sales of crude oil, NGLs and salt are recognized at the time product is shipped or delivered to the customer depending on the sales terms. The Company is expanding its gathering and compression facilities in the Marcellus Shale.

Executives

John J Sherman	director	C/O CRESTWOOD EQUITY PARTNERS LP, 811 MAIN ST., SUITE 3400, HOUSTON TX 77002
Crestwood Gas Services Holdings Llc	director, 10 percent owner	717 TEXAS AVENUE, SUITE 3150, HOUSTON TX 77002
Crestwood Holdings Llc	director, 10 percent owner	717 TEXAS AVENUE, SUITE 3150, HOUSTON TX 77002
Fr Xi Cmp Holdings Llc	director, 10 percent owner	ONE LAFAYETTE PLACE, GREENWICH CT 06830
Crestwood Holdings Ii Llc	director, 10 percent owner	811 MAIN STREET, SUITE 3400, HOUSTON TX 77002
Crestwood Holdings Partners, Llc	director, 10 percent owner	717 TEXAS AVENUE, SUITE 3150, HOUSTON TX 77002
Fr Midstream Holdings Llc	director, 10 percent owner	ONE LAFAYETTE PLACE, THIRD FLOOR, GREENWICH CT 06830
First Reserve Gp Xi, L.p.	director, 10 percent owner	262 HARBOR DRIVE, THIRD FLOOR, STAMFORD CT 06902
First Reserve Gp Xi, Inc.	director, 10 percent owner	262 HARBOR DRIVE, THIRD FLOOR, STAMFORD CT 06902
William C Gautreaux	officer: President, Liquids and Crude
Michael Gordon France	director	600 TRAVIS STREET, SUITE 6000, HOUSTON TX 77002
David Lumpkins	director	600 TRAVIS STREET, SUITE 3250, HOUSTON TX 77002
William E Macaulay	director, 10 percent owner	290 HARBOR DRIVE, FIFTH FLOOR, STAMFORD CT 06902
J Heath Deneke	officer: Chief Operating Officer	700 LOUISIANA STREET, SUITE 2550, HOUSTON TX 77002
Warren H Gfeller	director

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