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Occidental Petroleum Corp (NYSE:OXY)
Days Inventory
70.63 (As of Mar. 2016)

Occidental Petroleum Corp's average inventory for the three months ended in Mar. 2016 was $992 Mil. Occidental Petroleum Corp's cost of goods sold for the three months ended in Mar. 2016 was $1,281 Mil. Hence, Occidental Petroleum Corp's days inventory for the three months ended in Mar. 2016 was 70.63.

OXY' s Days Inventory Range Over the Past 10 Years
Min: 42.75   Max: 64.08
Current: 70.76

42.75
64.08

During the past 13 years, Occidental Petroleum Corp's highest Days Inventory was 64.08. The lowest was 42.75. And the median was 56.08.

OXY's Days Inventory is ranked lower than
78% of the 208 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 26.10 vs. OXY: 70.76 )

Occidental Petroleum Corp's days inventory increased from Mar. 2015 (64.03) to Mar. 2016 (70.63). It might indicate that Occidental Petroleum Corp's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory can be measured by Days Sales of Inventory (DSI). Occidental Petroleum Corp's days sales of inventory (DSI) for the three months ended in Mar. 2016 was 39.66.

Inventory turnover measures how fast the company turns over its inventory within a year. Occidental Petroleum Corp's inventory turnover for the three months ended in Mar. 2016 was 1.29.

Inventory to revenue ratio 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. Occidental Petroleum Corp's inventory to revenue ratio for the three months ended in Mar. 2016 was 0.43.


Definition

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

Occidental Petroleum Corp's Days Inventory for the fiscal year that ended in Dec. 2015 is calculated as

Days Inventory (A: Dec. 2015 )
=Average Inventory / COGS*Days in Period
=( (Inventory (A: Dec. 2014 ) + Inventory (A: Dec. 2015 )) / 2 ) / COGS (A: Dec. 2015 )*Days in Period
=( (1052 + 986) / 2 ) / 5804*365
=1019 / 5804*365
=64.08

Occidental Petroleum Corp's Days Inventory for the quarter that ended in Mar. 2016 is calculated as:

Days Inventory (Q: Mar. 2016 )
=Average Inventory / COGS*Days in Period
=( (Inventory (Q: Dec. 2015 ) + Inventory (Q: Mar. 2016 )) / 2 ) / COGS (Q: Mar. 2016 )*Days in Period
=( (986 + 997) / 2 ) / 1281*365 / 4
=991.5 / 1281*365 / 4
=70.63

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Explanation

An increase of Days Inventory may indicate the company's sales slowed.

1. Inventory can be measured by Days Sales of Inventory (DSI).

Occidental Petroleum Corp's Days Sales of Inventory for the three months ended in Mar. 2016 is calculated as

Days Sales of Inventory (DSI)=Average Inventory/Revenue*Days in Period
=991.5/2281*365 / 4
=39.66

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

Occidental Petroleum Corp's Inventory Turnover for the three months ended in Mar. 2016 is calculated as

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.

Occidental Petroleum Corp's Inventory to Revenue for the three months ended in Mar. 2016 is calculated as

* All numbers are in millions except for per share data and ratio. All numbers are in their own 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.


Related Terms

Cost of Goods Sold, Inventory, Revenue, Inventory Turnover, Inventory to Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Occidental Petroleum Corp Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysInventory 42.7544.9243.9963.4458.3850.3853.7861.4060.4164.08

Occidental Petroleum Corp Quarterly Data

Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16
DaysInventory 0.0043.6770.9970.4963.4764.0369.4572.3971.0370.63
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