Phillips 66's total inventories for the quarter that ended in Dec. 2023 was $3,750 Mil. Phillips 66's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $4,741 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Phillips 66's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-71.84.
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 Dec. 2023 was 12.59.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Phillips 66's Inventory Turnover for the quarter that ended in Dec. 2023 was 7.25.
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 Dec. 2023 was 0.12.
Phillips 66 Total Inventories Historical Data
The historical data trend for Phillips 66's Total Inventories 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.
Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.
Phillips 66 (NYSE:PSX) Total Inventories Explanation
Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.
1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.
Phillips 66's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is
4. 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 Dec. 2023 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
Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.
When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.
Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.
Phillips 66 Total Inventories Related Terms
Thank you for viewing the detailed overview of Phillips 66's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.
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.
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