QEP Midstream Partners LP (FRA:1QM) Total Inventories : €0.0 Mil (As of Mar. 2015)

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What is QEP Midstream Partners LP Total Inventories?

QEP Midstream Partners LP's total inventories for the quarter that ended in Mar. 2015 was €0.0 Mil. QEP Midstream Partners LP's average total inventories from the quarter that ended in Dec. 2014 to the quarter that ended in Mar. 2015 was €0.0 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. QEP Midstream Partners LP's Net-Net Working Capital per share for the quarter that ended in Mar. 2015 was €-4.37.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. QEP Midstream Partners LP's Days Inventory for the three months ended in Mar. 2015 was 0.00.

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

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. QEP Midstream Partners LP's Inventory-to-Revenue for the quarter that ended in Mar. 2015 was 0.00.

QEP Midstream Partners LP Total Inventories Historical Data

The historical data trend for QEP Midstream Partners LP's Total Inventories 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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QEP Midstream Partners LP Total Inventories Chart

QEP Midstream Partners LP Annual Data

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Total Inventories

QEP Midstream Partners LP Quarterly Data
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Total Inventories	Get a 7-Day Free Trial									-	-	-	-	-

QEP Midstream Partners LP Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

QEP Midstream Partners LP (FRA:1QM) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

QEP Midstream Partners LP's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2015 is

	Net-Net Working Capital Per Share (Q: Mar. 2015 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(7.392	+	0.75 * 16.632	+	0.5 * 0	-	214.368
-	0	-	38.808)	/	53.4489
=	-4.37

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

QEP Midstream Partners LP's Days Inventory for the three months ended in Mar. 2015 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2015 )	/	Cost of Goods Sold (Q: Mar. 2015 )	*	Days in Period
	=	0	/	5.544	*	365 / 4
	=	0.00

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

QEP Midstream Partners LP's Inventory Turnover for the quarter that ended in Mar. 2015 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2015 )	/	Average Total Inventories (Q: Mar. 2015 )
	=	5.544	/	0
	=	N/A

4. 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.

QEP Midstream Partners LP's Inventory to Revenue for the quarter that ended in Mar. 2015 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2015 )	/	Revenue (Q: Mar. 2015 )
	=	0	/	32.34
	=	0.00

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

QEP Midstream Partners LP Total Inventories Related Terms

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QEP Midstream Partners LP (FRA:1QM) Business Description

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http://www.qepm.com

QEP Midstream Partners LP provides gathering, compression and transportation services to producers and users of natural gas and crude oil. Its assets consist of ownership interests in four gathering systems and two FERC-regulated pipelines. Its assets are located in the Green River Basin located in Wyoming and Colorado, the Uinta Basin located in eastern Utah, and the portion of the Williston Basin located in North Dakota. The company derives revenues from the fee-based agreements.

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