Days Inventory is also known as Days Sales of Inventory (DSI). Phillips 66's Average Total Inventories for the
three
months ended in Dec. 2023 was $4,741 Mil. Phillips 66's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $34,362 Mil.
Hence, Phillips 66's Days Inventory for the
three
months ended in Dec. 2023 was 12.59.
The historical rank and industry rank for Phillips 66's Days Inventory or its related term are showing as below:
PSX'
s Days Inventory Range Over the Past 10 Years
Min: 8.03 Med: 13.31 Max: 23.68
Current: 13.8
During the past 13 years, Phillips 66's highest Days Inventory was 23.68. The lowest was 8.03. And the median was 13.31.
PSX's Days Inventory is ranked better than 72.15% of 729
companies
in the Oil & Gas industry
Industry Median: 31.63
vs PSX: 13.80
Phillips 66's Days Inventory
increased
from Dec. 2022 (9.69) to Dec. 2023 (12.59).
It might indicate that Phillips 66's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Phillips 66's Inventory Turnover for the
three
months ended in Dec. 2023 was 7.25.
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.
Phillips 66's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.12.
Phillips 66 Days Inventory Historical Data
The historical data trend for Phillips 66'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.
Phillips 66 Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Days Inventory
13.79
23.68
12.82
8.03
9.86
Phillips 66 Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Days Inventory
9.69
13.34
17.37
15.87
12.59
Competitive Comparison
For the Oil & Gas Refining & Marketing subindustry, Phillips 66'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.
Phillips 66 Days Inventory Distribution
For the Oil & Gas industry and Energy sector, Phillips 66's Days Inventory distribution charts can be found below:
* The bar in red indicates where Phillips 66's Days Inventory falls into.
Phillips 66 Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Phillips 66's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Phillips 66 (NYSE:PSX) 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.
Phillips 66's Inventory Turnover for the
three
months ended in Dec. 2023 is calculated as
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.
Phillips 66's Inventory to Revenue for the
three
months ended in Dec. 2023 is calculated as
* 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
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.
Phillips 66 Days Inventory Related Terms
Thank you for viewing the detailed overview of Phillips 66's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Phillips 66 is an independent refiner with 12 refineries that have a total crude throughput capacity of 1.9 million barrels per day, or mmb/d. In 2023, the Rodeo, California, facility will cease operations and be converted to produce renewable diesel. The midstream segment comprises extensive transportation and NGL processing assets and includes DCP Midstream, which holds 600 mbd of NGL fractionation and 22,000 miles of pipeline. Its CPChem chemical joint venture operates facilities in the United States and the Middle East and primarily produces olefins and polyolefins.
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