Phillips 66 (HAM:R66) Inventory Turnover : 6.56 (As of Mar. 2024)

View and export this data going back to 2015. Start your Free Trial

What is Phillips 66 Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Phillips 66's Cost of Goods Sold for the three months ended in Mar. 2024 was €30,259 Mil. Phillips 66's Average Total Inventories for the quarter that ended in Mar. 2024 was €4,611 Mil. Phillips 66's Inventory Turnover for the quarter that ended in Mar. 2024 was 6.56.

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 three months ended in Mar. 2024 was 13.90.

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 quarter that ended in Mar. 2024 was 0.14.

Phillips 66 Inventory Turnover Historical Data

The historical data trend for Phillips 66's Inventory Turnover 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 Inventory Turnover Chart

Phillips 66 Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

26.77

14.73

29.59

46.94

36.52

Phillips 66 Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															6.81	5.23	5.79	7.15	6.56

Phillips 66 Inventory Turnover Calculation

Phillips 66's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	119267.771	/ (	(3092.544	+	3438.75)	/	2 )
=	119267.771	/	3265.647
=	36.52

Phillips 66's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	30258.8	/ (	(3438.75	+	5783.12)	/	2 )
=	30258.8	/	4610.935
=	6.56

Phillips 66 (HAM:R66) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. 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 three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	4610.935	/	30258.8	*	365 / 4
	=	13.90

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 quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	4610.935	/	32946.12
	=	0.14

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Phillips 66 Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Phillips 66's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Phillips 66 (HAM:R66) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Phillips 66 (HAM:R66) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

PSX:USA PSX:Mexico 1PSX:Italy R66:Germany R66:Germany R66:Germany P1SX34:Brazil PSXC:Austria

Address

2331 CityWest Boulevard, Houston, TX, USA, 77042

Website

https://www.phillips66.com

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.

Phillips 66 (HAM:R66) Headlines

No Headlines