Ecopetrol (Ecopetrol) Days Inventory

: 39.94 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Ecopetrol's Average Total Inventories for the three months ended in Dec. 2023 was $2,547 Mil. Ecopetrol's Cost of Goods Sold for the three months ended in Dec. 2023 was $5,819 Mil. Hence, Ecopetrol's Days Inventory for the three months ended in Dec. 2023 was 39.94.

The historical rank and industry rank for Ecopetrol's Days Inventory or its related term are showing as below:

EC' s Days Inventory Range Over the Past 10 Years
Min: 27.56 Med: 42.37 Max: 60.58
Current: 60.58

During the past 13 years, Ecopetrol's highest Days Inventory was 60.58. The lowest was 27.56. And the median was 42.37.

EC's Days Inventory is ranked worse than
72.88% of 730 companies
in the Oil & Gas industry
Industry Median: 31.555 vs EC: 60.58

Ecopetrol's Days Inventory declined from Sep. 2022 (46.86) to Dec. 2023 (39.94).

Inventory Turnover measures how fast the company turns over its inventory within a year. Ecopetrol's Inventory Turnover for the three months ended in Dec. 2023 was 2.28.

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 three months ended in Dec. 2023 was 0.29.

Ecopetrol Days Inventory Historical Data

The historical data trend for Ecopetrol's Days 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.

* Premium members only.

Ecopetrol Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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45.45

52.45

45.93

44.97

41.76

Ecopetrol Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															46.86	44.64	46.40	41.32	39.94

Competitive Comparison

For the Oil & Gas Integrated subindustry, Ecopetrol's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Ecopetrol Days Inventory Distribution

For the Oil & Gas industry and Energy sector, Ecopetrol's Days Inventory distribution charts can be found below:

* The bar in red indicates where Ecopetrol's Days Inventory falls into.

Ecopetrol Days Inventory Calculation

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

Ecopetrol's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (2490.918	+	2547.218)	/	2 )	/	22015.214	*	365
=	2519.068					/	22015.214	*	365
=	41.76

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

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0	+	2547.218)	/	1 )	/	5819.002	*	365 / 4
=	2547.218					/	5819.002	*	365 / 4
=	39.94

Ecopetrol (NYSE:EC) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

Ecopetrol's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	5819.002	/	2547.218
	=	2.28

2. 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 three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2547.218	/	8687.987
	=	0.29

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Ecopetrol Days Inventory Related Terms

Thank you for viewing the detailed overview of Ecopetrol's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Ecopetrol (Ecopetrol) Business Description

Industry

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