Imperial Oil (TSX:IMO) Inventory-to-Revenue : 0.23 (As of Dec. 2023)

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What is Imperial Oil Inventory-to-Revenue?

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. Imperial Oil's Average Total Inventories for the quarter that ended in Dec. 2023 was C$2,803 Mil. Imperial Oil's Revenue for the three months ended in Dec. 2023 was C$12,387 Mil. Imperial Oil's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.23.

Imperial Oil's Inventory-to-Revenue for the quarter that ended in Dec. 2023 increased from Sep. 2023 (0.19) to Sep. 2023 (0.23)

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. Imperial Oil's Days Inventory for the three months ended in Dec. 2023 was 24.41.

Inventory Turnover measures how fast the company turns over its inventory within a year. Imperial Oil's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.74.

Imperial Oil Inventory-to-Revenue Historical Data

The historical data trend for Imperial Oil'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.

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Imperial Oil Inventory-to-Revenue Chart

Imperial Oil Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory-to-Revenue

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0.06

0.09

0.05

0.04

0.05

Imperial Oil Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory-to-Revenue	Get a 7-Day Free Trial															0.16	0.22	0.23	0.19	0.23

Competitive Comparison of Imperial Oil's Inventory-to-Revenue

For the Oil & Gas Integrated subindustry, Imperial Oil'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.

Imperial Oil's Inventory-to-Revenue Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Imperial Oil's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where Imperial Oil's Inventory-to-Revenue falls into.

Imperial Oil Inventory-to-Revenue Calculation

Imperial Oil's Inventory-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory-to-Revenue (A: Dec. 2023 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )
=	( (2268	+	2952)	/	2 )	/	48300
=	2610					/	48300
=	0.05

Imperial Oil's Inventory-to-Revenue for the quarter that ended in Dec. 2023 is calculated as

	Inventory-to-Revenue (Q: Dec. 2023 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Revenue (Q: Dec. 2023 )
=	( (2654	+	2952)	/	2 )	/	12387
=	2803					/	12387
=	0.23

Imperial Oil (TSX:IMO) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

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.

Imperial Oil's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	2803	/	10478	*	365 / 4
	=	24.41

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Imperial Oil's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	10478	/	2803
	=	3.74

Imperial Oil Inventory-to-Revenue Related Terms

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Imperial Oil (TSX:IMO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Imperial Oil Ltd (TSX:IMO) » Definitions » Inventory-to-Revenue

Comparable Companies

Traded in Other Exchanges

IMO:USA IMP:Germany

Address

505 Quarry Park Boulevard S.E, Calgary, AB, CAN, T2C 5N1

Website

https://www.imperialoil.ca

Imperial Oil is one of Canada's largest integrated oil companies, focusing on upstream operations, petroleum refining operations, and the marketing of petroleum products. Production averaged 398 thousand barrels of oil equivalent per day in 2020. The company estimates that it holds 5.2 billion boe of proved and probable crude oil and natural gas reserves. Imperial remains the largest refiner of petroleum products in Canada, operating three refineries with a combined processing capacity of 421 mboe/d. The Upstream segment operates to produce crude oil and its equivalent, and natural gas. The Downstream segment operates to refine crude oil into petroleum products. The Chemical segment manufactures hydrocarbon-based chemicals and chemical products.