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. Cenovus Energy's Average Total Inventories for the quarter that ended in Dec. 2023 was $3,282 Mil. Cenovus Energy's Revenue for the
three
months ended in Dec. 2023 was $10,462 Mil.
Cenovus Energy's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.31.
Cenovus Energy's Inventory-to-Revenue for the quarter that ended in Dec. 2023
increased
from Sep. 2023 (0.29) to Sep. 2023 (0.31)
An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:
1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Cenovus Energy's Days Inventory for the
three
months ended in Dec. 2023 was 35.26.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Cenovus Energy's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.59.
Cenovus Energy Inventory-to-Revenue Historical Data
The historical data trend for Cenovus Energy's Inventory-to-Revenue 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.
Competitive Comparison of Cenovus Energy's Inventory-to-Revenue
For the Oil & Gas Integrated subindustry, Cenovus Energy's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue 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.
Cenovus Energy's Inventory-to-Revenue Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Cenovus Energy's Inventory-to-Revenue distribution charts can be found below:
* The bar in red indicates where Cenovus Energy's Inventory-to-Revenue falls into.
Cenovus Energy Inventory-to-Revenue Calculation
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.
Cenovus Energy's Inventory-to-Revenue for the fiscal year 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.
Cenovus Energy (NYSE:CVE) Inventory-to-Revenue Explanation
An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:
1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.
Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:
1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.
More Related Terms:
1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Cenovus Energy's Days Inventory for the
three
months 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.
Cenovus Energy Inventory-to-Revenue Related Terms
Thank you for viewing the detailed overview of Cenovus Energy's Inventory-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.
Cenovus Energy (Cenovus Energy) Business Description
Cenovus Energy is an integrated oil company, focused on creating value through the development of its oil sands assets. The company also engages in production of conventional crude oil, natural gas liquids, and natural gas in Alberta, Canada, with refining operations in the U.S. Net upstream production averaged 786 thousand barrels of oil equivalent per day in 2022. The company had upstream projects across Western Canada; crude oil production and natural gas and NGLs production offshore China and Indonesia. The downstream operations include upgrading and refining operations in Canada and the U.S., and commercial fuel operations across Canada.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
CVE has been successfully added to your 