Phillips 66 (LTS:0KHZ) Change In Inventory : $-797 Mil (TTM As of Mar. 2024)

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What is Phillips 66 Change In Inventory?

Phillips 66's change in inventory for the quarter that ended in Mar. 2024 was $-2,555 Mil. It means Phillips 66's inventory increased by $2,555 Mil from Dec. 2023 to Mar. 2024 .

Phillips 66's change in inventory for the fiscal year that ended in Dec. 2023 was $-245 Mil. It means Phillips 66's inventory increased by $245 Mil from Dec. 2022 to Dec. 2023 .

Phillips 66's Total Inventories for the quarter that ended in Mar. 2024 was $6,286 Mil.

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 quarter that ended in Mar. 2024 was 13.92.

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 Mar. 2024 was 6.55.

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 Mar. 2024 was 0.14.

Phillips 66 Change In Inventory Historical Data

The historical data trend for Phillips 66's Change In 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.

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Phillips 66 Change In Inventory Chart

Phillips 66 Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-204.00

-71.00

511.00

74.00

-245.00

Phillips 66 Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															-2,003.00	-936.00	677.00	2,017.00	-2,555.00

Phillips 66 Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-797 Mil.

Phillips 66 (LTS:0KHZ) Change In Inventory Explanation

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 quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	5018	/	32890	*	365 / 4
	=	13.92

2. 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 Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	32890	/	5018
	=	6.55

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 Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	5018	/	35811
	=	0.14

Phillips 66 Change In Inventory Related Terms

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Phillips 66 (LTS:0KHZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Phillips 66 (LTS:0KHZ) » Definitions » Change In Inventory

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PSX:USA PSX:Mexico 1PSX:Italy R66:Germany P1SX34:Brazil PSXC:Austria

Address

2331 CityWest Boulevard, Houston, TX, USA, 77042

Website

https://www.phillips66.com

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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