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GuruFocus has detected 2 Warning Signs with Phillips 66 $PSX.
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Phillips 66 (NYSE:PSX)
Revenue
$91,729 Mil (TTM As of Mar. 2017)

Phillips 66's revenue for the three months ended in Mar. 2017 was $23,712 Mil. Its revenue for the trailing twelve months (TTM) ended in Mar. 2017 was $91,729 Mil. Phillips 66's revenue per share for the three months ended in Mar. 2017 was $45.21. Its revenue per share for the trailing twelve months (TTM) ended in Mar. 2017 was $173.95.

Warning Sign:

Phillips 66 revenue per share has been in decline over the past 3 years.

During the past 12 months, the average Revenue per Share Growth Rate of Phillips 66 was -0.80% per year. During the past 3 years, the average Revenue per Share Growth Rate was -16.90% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get other companies' revenue growth rate using revenue per share data.

During the past 8 years, Phillips 66's highest 3-Year average Revenue per Share Growth Rate was -13.70% per year. The lowest was 0.00% per year. And the median was 0.00% per year.


Definition

Also referred as sales, revenue is income that a company receives from its normal business activities, usually from the sale of goods and services to customers. Revenue is often referred to as the "top line" due to its position on the income statement at the very top.

Phillips 66 Revenue for the trailing twelve months (TTM) ended in Mar. 2017 was 22307 (Jun. 2016 ) + 22042 (Sep. 2016 ) + 23668 (Dec. 2016 ) + 23712 (Mar. 2017 ) = $91,729 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Explanation

In ranking the predictability, companies with more consistent revenue and earnings growth are ranked high with predictability.

Peter Lynch categorized companies according to their revenue growth:


• Slow Grower: Inflation < 10-Year Revenue Growth Rate < 10%:
• Stalwart: 10% < 10-Year Revenue Growth Rate < 20%:
• Fast Grower: 10-Year Revenue Growth Rate > 20%:

His favorite companies are stalwart, those growing between 10-20% a year.

Companies in cyclical industries may see their revenue fluctuate wildly in good years and bad years.


Be Aware

Revenue can be manipulated by changing the way how revenue is booked. Companies may book sales before the payment is received, or before the revenue is fully earned. These will be added to balance sheet items such as account payable or account receivables.


Related Terms

Net Income, Cost of Goods Sold, Operating Income, Pre-Tax Income, Growth Rate Calculation Example (GuruFocus)


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Phillips 66 Annual Data

Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
Revenue 00113,951148,656200,457182,752174,809164,093100,94985,777

Phillips 66 Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
Revenue 35,60723,42629,07726,41722,02917,76022,30722,04223,66823,712
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