Magellan Midstream Partners L P (MMP) Inventory Turnover Ratio, from second quarter 2023 to second quarter 2022, current and historic results, rankings and more, Quarterly Fundamentals - CSIMarket
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Magellan Midstream Partners L p   (NYSE: MMP)
    Sector • Utilities    Industry • Natural Gas Utilities
   Industry • Natural Gas Utilities
   Sector • Utilities
 

Magellan Midstream Partners L P Inventory Turnover Ratio (COS)

Cost of Sales Formula, Quarterly Results, Trends, Rankings, Statistics

Due to inventory build up in the second quarter 2023, Magellan Midstream Partners L P 's inventory turnover ratio sequentially decreased to 1.74 in the second quarter 2023, unsurprisingly, as the Magellan Midstream Partners L P markets continue to deteriorate, and MMP's faces growing challenges to bring down its inventories. Magellan Midstream Partners L P 's average inventory processing period in the Jun 30 2023 quarter, has increased to 210 days, from 206 days, in the Mar 31 2023 quarter.

Within Utilities sector 87 other companies have achieved higher inventory turnover ratio. While inventory turnover ranking remained unchanged in the Second Quarter 2023 compared to previous quarter at no. 661.

MMP Inventory Turnover Ratio using Sales Formula
What is Inventory Turnover Ratio?
What is Magellan Midstream Partners L P Market Share?

What is Inventory Turnover Ratio?



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MMP Inventory Turnover Ratio (Jun 30 2023)
II. Quarter		 (Mar 31 2023)
I. Quarter		 (Dec 31 2022)
IV. Quarter		 (Sep 30 2022)
III. Quarter		 (Jun 30 2022)
II. Quarter
Y / Y Inventory Growth 0.33 % 5.97 % 26.72 % 56.72 % 51.68 %
Y / Y Cost of Sales Growth -5.55 % 7.81 % 4.31 % -5.7 % 20.78 %
Inventory Turnover Ratio (TTM) 1.74 1.77 1.76 1.85 2.08
MMP's Total Ranking # 661 # 661 # 1568 # 219 # 1446
Average inventory processing period 210 206 207 197 175
Seq. Inventory Growth 1.07 % -8.31 % 2.12 % 6.02 % 6.75 %
Seq. Cost of Sales Growth 27.04 % -10.49 % 8.25 % -23.26 % 45.01 %




Inventory Turnover Ratio Company Ranking
Within: No.
Natural Gas Utilities Industry # 34
Utilities Sector # 88
Overall Market # 661

Inventory Turnover Ratio Statistics
High Average Low
5.04 2.9 1.54
(Dec 31 2020)   (Dec 31 2013)



MMP Company Profile >> Back to MMP Efficiency Comparisons >> Compare MMP Inventory Turnover Ratio to its Competitors

Financial Statements
Magellan Midstream Partners L P 's Inventories $ 330 Millions Visit MMP's Balance sheet
Magellan Midstream Partners L P 's Cost of Revenues TTM $ 592 Millions Visit MMP's Income Statement
What are MMP's Sales? Visit MMP's Sales by Segment

Other Inventory Turnover Ratios
Magellan Midstream Partners L P 's Inventory to Sales Ratio
U.S. Durable Goods Inventory to Shipment Ratio By Product
Natural Gas Utilities Industry Inventory Turnover Trends and Statistics
Utilities Sector Inventory Turnover Statistics
Inventory Turnover Trends for overall market
MMP's Inventory Turnover Ratio versus Natural Gas Utilities Industry, Utilities Sector and total Market
Highest Ranking Inventory Turnover
Lowest Ranking Inventory Turnover
Inventory Turnover for MMP's Competitors
Inventory Turnover Ratio for MMP's Suppliers
Inventory Turnover Ratio for MMP's Customers

You may also want to know
MMP's Sales Growth Rates MMP's Pe Price to earnings ratio MMP's Receivables Turnover Ratio MMP's Stock Quote
MMP's Net Income Growth Rates MMP's Ps Price to Sales ratio MMP's Sales per Employee MMP's Asset Turnover Ratio
MMP's Net Margin MMP's Pb Price to Book ratio MMP's Financial Strength Ratios MMP's Dividend Payout Ratio



Companies with similar Inventory Turnover Ratio for the quarter ending Jun 30 2023, within Utilities Sector Inventory Turnover Ratio Cost of revenues at quarter ending Jun 30 2023 Inventories at quarter ending Jun 30 2023
Eversource Energy  4.78 $ 1,822.573  Millions$ 381  Millions
Avista Corporation  4.70 $ 526.760  Millions$ 112  Millions
Ipalco Enterprises Inc   4.27 $ 526.487  Millions$ 123  Millions
Mge Energy Inc   4.12 $ 121.280  Millions$ 29  Millions
One Gas Inc   4.04 $ 863.822  Millions$ 214  Millions
Xcel Energy Inc   3.52 $ 2,532.000  Millions$ 720  Millions
American States Water Co  3.46 $ 52.944  Millions$ 15  Millions
Otter Tail Corporation  3.35 $ 487.716  Millions$ 145  Millions
Nisource Inc   3.29 $ 1,434.700  Millions$ 436  Millions
Usa Compression Partners Lp  3.28 $ 314.270  Millions$ 96  Millions
Northwest Natural Holding Company  3.09 $ 227.716  Millions$ 74  Millions
Dominion Energy Inc   2.78 $ 3,826.000  Millions$ 1,376  Millions
Ameren Corporation  2.77 $ 1,875.000  Millions$ 676  Millions
Alliant Energy Corp  2.70 $ 415.000  Millions$ 154  Millions
New Jersey Resources Corporation  2.51 $ 493.623  Millions$ 197  Millions
Nextera Energy Inc   2.48 $ 4,686.000  Millions$ 1,893  Millions
Ocean Power Technologies Inc   2.44 $ 2.585  Millions$ 1  Millions
Northwestern Energy Group Inc   2.07 $ 225.997  Millions$ 109  Millions
Spire Inc   1.97 $ 521.800  Millions$ 264  Millions
Itc Holdings Corp   1.96 $ 110.000  Millions$ 56  Millions
Magellan Midstream Partners L p   1.74 $ 591.800  Millions$ 340  Millions
Tennessee Valley Authority  1.73 $ 1,947.000  Millions$ 1,127  Millions
Duke Energy Corporation  1.49 $ 5,590.000  Millions$ 3,759  Millions
Cms energy Corporation  1.46 $ 744.000  Millions$ 510  Millions
Evergy Inc   1.45 $ 994.200  Millions$ 685  Millions
Allete Inc   1.44 $ 528.000  Millions$ 367  Millions
Rgc Resources Inc   1.40 $ 15.820  Millions$ 11  Millions
Entergy Corporation  1.06 $ 1,289.460  Millions$ 1,214  Millions
Genesis Energy Lp  0.96 $ 98.370  Millions$ 103  Millions
Middlesex Water Company  0.96 $ 5.975  Millions$ 6  Millions

Date modified: 2026-08-29T17:26:09+00:00




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