Cenovus Energy (Cenovus Energy) Change In Inventory : $0 Mil (TTM As of Dec. 2023)

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What is Cenovus Energy Change In Inventory?

Cenovus Energy's change in inventory for the quarter that ended in Dec. 2023 was $0 Mil. It means Cenovus Energy's inventory stayed the same from Sep. 2023 to Dec. 2023 .

Cenovus Energy's change in inventory for the fiscal year that ended in Dec. 2023 was $0 Mil. It means Cenovus Energy's inventory stayed the same from Dec. 2022 to Dec. 2023 .

Cenovus Energy's Total Inventories for the quarter that ended in Dec. 2023 was $3,004 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Cenovus Energy's Days Inventory for the quarter that ended in Dec. 2023 was 35.26.

Inventory Turnover measures how fast the company turns over its inventory within a year. Cenovus Energy's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.59.

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. Cenovus Energy's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.31.

Cenovus Energy Change In Inventory Historical Data

The historical data trend for Cenovus Energy'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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Cenovus Energy Change In Inventory Chart

Cenovus Energy Annual Data

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Change In Inventory

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Cenovus Energy Quarterly Data
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Cenovus Energy 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 $0 Mil.

Cenovus Energy (NYSE:CVE) Change In Inventory Explanation

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

Cenovus Energy's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	3281.555	/	8491.354	*	365 / 4
	=	35.26

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	8491.354	/	3281.555
	=	2.59

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3281.555	/	10462.135
	=	0.31

Cenovus Energy Change In Inventory Related Terms

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Cenovus Energy (Cenovus Energy) Business Description

Industry

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CXD:Germany CXD:Germany CVE.PR.B.PFD:Canada CVE.PR.A.PFD:Canada CVE.PR.C.PFD:Canada CVE.PR.G.PFD:Canada CVE.PR.E.PFD:Canada CVE:Canada

Address

225 - 6 Avenue SW, Suite 4100, Calgary, AB, CAN, T2P 1N2

Website

https://www.cenovus.com

Cenovus Energy is an integrated oil company, focused on creating value through the development of its oil sands assets. The company also engages in production of conventional crude oil, natural gas liquids, and natural gas in Alberta, Canada, with refining operations in the U.S. Net upstream production averaged 786 thousand barrels of oil equivalent per day in 2022. The company had upstream projects across Western Canada; crude oil production and natural gas and NGLs production offshore China and Indonesia. The downstream operations include upgrading and refining operations in Canada and the U.S., and commercial fuel operations across Canada.