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Occidental Petroleum Days Inventory

: 27.30 (As of Jun. 2022)
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Days Inventory is also known as Days Sales of Inventory (DSI). Occidental Petroleum's Average Total Inventories for the three months ended in Jun. 2022 was $1,485.00 Mil. Occidental Petroleum's Cost of Goods Sold for the three months ended in Jun. 2022 was $4,963.00 Mil. Hence, Occidental Petroleum's Days Inventory for the three months ended in Jun. 2022 was 27.30.

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

OXY.WS' s Days Inventory Range Over the Past 10 Years
Min: 33.26   Med: 38.04   Max: 43.54
Current: 33.26

During the past 13 years, Occidental Petroleum's highest Days Inventory was 43.54. The lowest was 33.26. And the median was 38.04.

OXY.WS's Days Inventory is ranked worse than
54.23% of 721 companies
in the Oil & Gas industry
Industry Median: 29.85 vs OXY.WS: 33.26

Occidental Petroleum's Days Inventory declined from Jun. 2021 (39.69) to Jun. 2022 (27.30).

Inventory Turnover measures how fast the company turns over its inventory within a year. Occidental Petroleum's Inventory Turnover for the three months ended in Jun. 2022 was 3.34.

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's Inventory-to-Revenue for the three months ended in Jun. 2022 was 0.14.


Occidental Petroleum Days Inventory Historical Data

The historical data trend for Occidental Petroleum'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.

Occidental Petroleum Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Days Inventory
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 40.17 43.37 35.69 38.33 37.74

Occidental Petroleum Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Days Inventory Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 39.69 37.23 35.73 33.10 27.30

Competitive Comparison

For the Oil & Gas E&P subindustry, Occidental Petroleum'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.

   

Occidental Petroleum Days Inventory Distribution

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

* The bar in red indicates where Occidental Petroleum's Days Inventory falls into.



Occidental Petroleum Days Inventory Calculation

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

Occidental Petroleum's Days Inventory for the fiscal year that ended in Dec. 2021 is calculated as

Days Inventory (A: Dec. 2021 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2020 ) + Total Inventories (A: Dec. 2021 )) / count ) / Cost of Goods Sold (A: Dec. 2021 )*Days in Period
=( (1898 + 1846) / 2 ) / 18106*365
=1872 / 18106*365
=37.74

Occidental Petroleum's Days Inventory for the quarter that ended in Jun. 2022 is calculated as:

Days Inventory (Q: Jun. 2022 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Mar. 2022 ) + Total Inventories (Q: Jun. 2022 )) / count ) / Cost of Goods Sold (Q: Jun. 2022 )*Days in Period
=( (1406 + 1564) / 2 ) / 4963*365 / 4
=1485 / 4963*365 / 4
=27.30

* 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.


Occidental Petroleum  (NYSE:OXY.WS) 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.

Occidental Petroleum's Inventory Turnover for the three months ended in Jun. 2022 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.

Occidental Petroleum's Inventory to Revenue for the three months ended in Jun. 2022 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.


Occidental Petroleum Days Inventory Related Terms

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


Occidental Petroleum Business Description

Occidental Petroleum logo
Address
5 Greenway Plaza, Suite 110, Houston, TX, USA, 77046
Occidental Petroleum is an independent exploration and production company with operations in the United States, Latin America, and the Middle East. At the end of 2021, the company reported net proved reserves of 3.5 billion barrels of oil equivalent. Net production averaged 1,174 thousand barrels of oil equivalent per day in 2021 at a ratio of 75% oil and natural gas liquids and 25% natural gas.
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