0.94(1.04%) Volume: 2,404,725 10:08PM EST| Market Cap : 39.36 B | Enterprise Value : 51.25 B | P/E (TTM) : 13.16 | P/B : 1.60 |
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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 Sep. 2019 was USD 23,806 Mil. Phillips 66's Total Inventories for the quarter that ended in Sep. 2019 was USD 5,307 Mil. Phillips 66's inventory turnover for the quarter that ended in Sep. 2019 was 4.49.
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 Sep. 2019 was 20.34.
Total Inventories can be measured by Days Sales of Inventory (DSI). Phillips 66's days sales of inventory (DSI) for the three months ended in Sep. 2019 was 17.79.
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 Sep. 2019 was 0.19.
* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.
| Phillips 66 Quarterly Data | ||||||||||||||||||||
| Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | |
| Inventory Turnover |
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5.43 | 4.74 | 4.71 | 4.49 | 9.46 |
Phillips 66's Inventory Turnover for the fiscal year that ended in Dec. 2018 is calculated as
| Inventory Turnover (A: Dec. 2018 ) | |||||||
| = | Cost of Goods Sold | / | Total Inventories | ||||
| = | Cost of Goods Sold (A: Dec. 2018 ) | / ( | (Total Inventories (A: Dec. 2017 ) | + | Total Inventories (A: Dec. 2018 )) | / | 2 ) |
| = | 97930 | / ( | (3395 | + | 3543) | / | 2 ) |
| = | 97930 | / | 3469 | ||||
| = | 28.23 |
Phillips 66's Inventory Turnover for the quarter that ended in Sep. 2019 is calculated as
| Inventory Turnover (Q: Sep. 2019 ) | |||||||
| = | Cost of Goods Sold | / | Total Inventories | ||||
| = | Cost of Goods Sold (Q: Sep. 2019 ) | / ( | (Total Inventories (Q: Jun. 2019 ) | + | Total Inventories (Q: Sep. 2019 )) | / | 2 ) |
| = | 23806 | / ( | (5093 | + | 5521) | / | 2 ) |
| = | 23806 | / | 5307 | ||||
| = | 4.49 |
* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.
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 Sep. 2019 is calculated as:
| Days Inventory | = | Total Inventories (Q: Sep. 2019 ) | / | Cost of Goods Sold (Q: Sep. 2019 ) | * | Days in Period |
| = | 5307 | / | 23806 | * | 365 / 4 | |
| = | 20.34 |
2. Total Inventories can be measured by Days Sales of Inventory (DSI).
Phillips 66's Days Sales of Inventory for the three months ended in Sep. 2019 is calculated as:
| Days Sales of Inventory (DSI) | = | Total Inventories (Q: Sep. 2019 ) | / | Revenue (Q: Sep. 2019 ) | * | Days in Period |
| = | 5307 | / | 27218 | * | 365 / 4 | |
| = | 17.79 |
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.
Phillips 66's Inventory to Revenue for the quarter that ended in Sep. 2019 is calculated as
| Inventory-to-Revenue | = | Total Inventories (Q: Sep. 2019 ) | / | Revenue (Q: Sep. 2019 ) |
| = | 5307 | / | 27218 | |
| = | 0.19 |
* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.
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.
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