OMV AG (OMV AG) Change In Inventory : $1,419 Mil (TTM As of Dec. 2023)

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What is OMV AG Change In Inventory?

OMV AG's change in inventory for the quarter that ended in Dec. 2023 was $371 Mil. It means OMV AG's inventory declined by $371 Mil from Sep. 2023 to Dec. 2023 .

OMV AG's change in inventory for the fiscal year that ended in Dec. 2023 was $1,439 Mil. It means OMV AG's inventory declined by $1,439 Mil from Dec. 2022 to Dec. 2023 .

OMV AG's Total Inventories for the quarter that ended in Dec. 2023 was $3,847 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. OMV AG's Days Inventory for the quarter that ended in Dec. 2023 was 43.51.

Inventory Turnover measures how fast the company turns over its inventory within a year. OMV AG's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.10.

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. OMV AG's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.37.

OMV AG Change In Inventory Historical Data

The historical data trend for OMV AG'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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OMV AG Change In Inventory Chart

OMV AG Annual Data

Trend

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Dec23

Change In Inventory

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-288.89

350.37

-1,224.86

-2,317.80

1,439.48

OMV AG Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Inventory	Get a 7-Day Free Trial															104.87	1,048.18	-18.42	18.14	370.77

OMV AG 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 $1,419 Mil.

OMV AG (OTCPK:OMVJF) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	4059.7365	/	8513.631	*	365 / 4
	=	43.51

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	8513.631	/	4059.7365
	=	2.10

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	4059.7365	/	10956.379
	=	0.37

OMV AG Change In Inventory Related Terms

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OMV AG (OMV AG) Business Description

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Traded in Other Exchanges

OMVKY:USA OMVv:UK 0MKH:UK OMV:Germany OMV:Czech Republic OMV:Austria

Address

Trabrennstrasse 6 - 8, Vienna, AUT, 1020

Website

https://www.omv.com

OMV AG is an international, integrated oil and gas company that operates in the Exploration & Production, Refining & Marketing, and Chemicals & Materials segments. The company has exploration and production assets in a multitude of countries in Europe, Asia, and Africa. Exploration & Production (E&P) engages in the business of oil and gas exploration, development and production and focuses on the regions Central and Eastern Europe, North Sea, Middle East and Africa, and Asia-Pacific. The Refining & Marketing (R&M) Business Segment refines and markets crude and other feedstock. The Chemicals & Materials (C&M) Business Segment provides circular polyolefin solutions and base chemicals, fertilizers, and plastics recycling.