Ecopetrol (Ecopetrol) Change In Inventory : $124 Mil (TTM As of Dec. 2023)

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What is Ecopetrol Change In Inventory?

Ecopetrol's change in inventory for the quarter that ended in Dec. 2023 was $0 Mil. It means Ecopetrol's inventory stayed the same from Sep. 2023 to Dec. 2023 .

Ecopetrol's change in inventory for the fiscal year that ended in Dec. 2023 was $202 Mil. It means Ecopetrol's inventory declined by $202 Mil from Dec. 2022 to Dec. 2023 .

Ecopetrol's Total Inventories for the quarter that ended in Dec. 2023 was $2,547 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ecopetrol's Days Inventory for the quarter that ended in Dec. 2023 was 19.97.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ecopetrol's Inventory Turnover for the quarter that ended in Dec. 2023 was 4.57.

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. Ecopetrol's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.15.

Ecopetrol Change In Inventory Historical Data

The historical data trend for Ecopetrol's Change In Inventory 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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Ecopetrol Change In Inventory Chart

Ecopetrol Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-170.20

200.92

-756.15

-593.74

201.76

Ecopetrol Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Change In Inventory	Get a 7-Day Free Trial															-	-	123.86	-	-

Ecopetrol Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $124 Mil.

Ecopetrol (NYSE:EC) Change In Inventory Explanation

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

Ecopetrol's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	1273.609	/	5819.002	*	365 / 4
	=	19.97

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

Ecopetrol's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	5819.002	/	1273.609
	=	4.57

3. 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.

Ecopetrol's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1273.609	/	8687.987
	=	0.15

Ecopetrol Change In Inventory Related Terms

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Ecopetrol (Ecopetrol) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ecopetrol SA (NYSE:EC) » Definitions » Change In Inventory

Traded in Other Exchanges

ECHA:Germany ECHA:Germany ECOPETROL:Columbia E1CO34:Brazil

Address

Carrera 13 No. 36 - 24, Main Building, Bogota, COL

Website

https://www.ecopetrol.com.co

Ecopetrol SA is a vertically integrated oil company with operations in Latin America and the United States Gulf Coast. Based out of Colombia, the company explores, develops, and conducts production activities in various countries. Ecopetrol works as the primary operator or partner in a joint venture, in a host of assets held onshore and offshore. Along with production, the company refines and markets crude oils and byproducts produced from its fields. Crude products are moved by Ecopetrol through a series of pipelines throughout Colombia, along with a network of third-party production centers and facilities.