Cenovus Energy (Cenovus Energy) Days Inventory

: 35.26 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Cenovus Energy's Average Total Inventories for the three months ended in Dec. 2023 was $3,282 Mil. Cenovus Energy's Cost of Goods Sold for the three months ended in Dec. 2023 was $8,491 Mil. Hence, Cenovus Energy's Days Inventory for the three months ended in Dec. 2023 was 35.26.

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

CVE' s Days Inventory Range Over the Past 10 Years
Min: 23.02 Med: 31.09 Max: 38.78
Current: 36.87

During the past 13 years, Cenovus Energy's highest Days Inventory was 38.78. The lowest was 23.02. And the median was 31.09.

CVE's Days Inventory is ranked worse than
55.42% of 729 companies
in the Oil & Gas industry
Industry Median: 31.63 vs CVE: 36.87

Cenovus Energy's Days Inventory increased from Dec. 2022 (33.30) to Dec. 2023 (35.26). It might indicate that Cenovus Energy's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Cenovus Energy's Inventory Turnover for the three months 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 three months ended in Dec. 2023 was 0.31.

Cenovus Energy Days Inventory Historical Data

The historical data trend for Cenovus Energy'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.

Cenovus Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

26.49

33.04

23.02

28.30

35.37

Cenovus Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory																33.30	37.95	38.06	37.54	35.26

Competitive Comparison

For the Oil & Gas Integrated subindustry, Cenovus Energy'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.

Cenovus Energy Days Inventory Distribution

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

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

Cenovus Energy Days Inventory Calculation

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 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
=	( (3174.089	+	3003.876)	/	2 )	/	31879.845	*	365
=	3088.9825					/	31879.845	*	365
=	35.37

Cenovus Energy'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
=	( (3559.234	+	3003.876)	/	2 )	/	8491.354	*	365 / 4
=	3281.555					/	8491.354	*	365 / 4
=	35.26

Cenovus Energy (NYSE:CVE) 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.

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

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

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.

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

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

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.

Cenovus Energy Days Inventory Related Terms

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

Cenovus Energy (Cenovus Energy) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

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.