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Rentech Nitrogen Partners LP (Rentech Nitrogen Partners LP) Total Inventories : $32.1 Mil (As of Dec. 2015)


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What is Rentech Nitrogen Partners LP Total Inventories?

Rentech Nitrogen Partners LP's total inventories for the quarter that ended in Dec. 2015 was $32.1 Mil. Rentech Nitrogen Partners LP's average total inventories from the quarter that ended in Sep. 2015 to the quarter that ended in Dec. 2015 was $32.0 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Rentech Nitrogen Partners LP's Net-Net Working Capital per share for the quarter that ended in Dec. 2015 was $-9.42.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Rentech Nitrogen Partners LP's Days Inventory for the three months ended in Dec. 2015 was 49.10.

Inventory Turnover measures how fast the company turns over its inventory within a year. Rentech Nitrogen Partners LP's Inventory Turnover for the quarter that ended in Dec. 2015 was 1.86.

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. Rentech Nitrogen Partners LP's Inventory-to-Revenue for the quarter that ended in Dec. 2015 was 0.41.


Rentech Nitrogen Partners LP Total Inventories Historical Data

The historical data trend for Rentech Nitrogen 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.

* Premium members only.

Rentech Nitrogen Partners LP Total Inventories Chart

Rentech Nitrogen Partners LP Annual Data
Trend Sep09 Sep10 Sep11 Dec12 Dec13 Dec14 Dec15
Total Inventories
Get a 7-Day Free Trial 16.51 27.14 31.10 27.74 32.12

Rentech Nitrogen Partners LP Quarterly Data
Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15
Total Inventories 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 27.74 39.85 34.74 31.91 32.12

Rentech Nitrogen 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.


Rentech Nitrogen Partners LP  (NYSE:RNF) 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.

Rentech Nitrogen Partners LP's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2015 is

Net-Net Working Capital Per Share (Q: Dec. 2015 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(15.823+0.75 * 11.451+0.5 * 32.116-407.636
-0-0)/38.985
=-9.42

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

Rentech Nitrogen Partners LP's Days Inventory for the three months ended in Dec. 2015 is calculated as:

Days Inventory=Average Total Inventories (Q: Dec. 2015 )/Cost of Goods Sold (Q: Dec. 2015 )*Days in Period
=32.0135/59.49*365 / 4
=49.10

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

Rentech Nitrogen Partners LP's Inventory Turnover for the quarter that ended in Dec. 2015 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Dec. 2015 ) / Average Total Inventories (Q: Dec. 2015 )
=59.49 / 32.0135
=1.86

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.

Rentech Nitrogen Partners LP's Inventory to Revenue for the quarter that ended in Dec. 2015 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2015 ) / Revenue (Q: Dec. 2015 )
=32.0135 / 77.381
=0.41

* 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

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.


Rentech Nitrogen Partners LP Total Inventories Related Terms

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Rentech Nitrogen Partners LP (Rentech Nitrogen Partners LP) Business Description

Traded in Other Exchanges
N/A
Address
Rentech Nitrogen Partners LP is a Delaware limited partnership formed in July 2011. The Company is engaged in manufacturing of nitrogen fertilizer. The Company owns and operates two fertilizer facilities: East Dubuque Facility and Pasadena Facility. The East Dubuque Facility produces ammonia, UAN, liquid and granular urea, nitric acid and food-grade carbon dioxide, or CO2, using natural gas as its primary feedstock. Some of these products are final products sold to customers, and others, including ammonia, are both final products and feedstocks for other products, such as UAN, nitric acid, liquid urea and granular urea. The Pasadena Facility ceased production of diammonium phosphate and monoammonium phosphate. Its Pasadena Facility is the producer of synthetic ammonium sulfate and the third largest producer of ammonium sulfate in North America. The Pasadena Facility's products are applied to many types of crops including soybeans, potatoes, cotton, canola, alfalfa, corn and wheat. The Company is subject to a number of federal and state laws and regulations related to safety, including the federal Occupational Safety and Health Act, or OSHA, and comparable state statutes, the purpose of which are to protect the health and safety of workers.
Executives
Michael S Burke director C/O AECOM TECHNOLOGY CORPORATION, 555 S. FLOWER STREET, SUITE 3700, LOS ANGELES CA 90071
Keith B Forman director, officer: Chief Executive Officer 7200 TEXAS COMMERCE TOWER, 600 TRAVIS ST, HOUSTON TX 77002
John Howard Diesch director, officer: President 1331 17TH STREET, SUITE 720, DENVER CO 80202
Rentech, Inc. 10 percent owner 10877 WILSHIRE BLVD, 10TH FLOOR, LOS ANGELES CA 90024
Carl C Icahn 10 percent owner C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH-1, SUNNY ISLES BEACH FL 33160
Halbert S Washburn director 515 SOUTH FLOWER STREET 48TH FLOOR, SUITE 4800, LOS ANGELES CA 90071