Occidental Petroleum (Occidental Petroleum) Days Inventory

: 38.33 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Occidental Petroleum's Average Total Inventories for the three months ended in Dec. 2023 was $1,998.50 Mil. Occidental Petroleum's Cost of Goods Sold for the three months ended in Dec. 2023 was $4,758.00 Mil. Hence, Occidental Petroleum's Days Inventory for the three months ended in Dec. 2023 was 38.33.

The historical rank and industry rank for Occidental Petroleum's Days Inventory or its related term are showing as below:

OXY.WS' s Days Inventory Range Over the Past 10 Years
Min: 35.69 Med: 37.64 Max: 43.37
Current: 41.79

During the past 13 years, Occidental Petroleum's highest Days Inventory was 43.37. The lowest was 35.69. And the median was 37.64.

OXY.WS's Days Inventory is ranked worse than
59.95% of 729 companies
in the Oil & Gas industry
Industry Median: 31.63 vs OXY.WS: 41.79

Occidental Petroleum's Days Inventory declined from Dec. 2022 (38.36) to Dec. 2023 (38.33).

Inventory Turnover measures how fast the company turns over its inventory within a year. Occidental Petroleum's Inventory Turnover for the three months ended in Dec. 2023 was 2.38.

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. Occidental Petroleum's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.28.

Occidental Petroleum Days Inventory Historical Data

The historical data trend for Occidental Petroleum's Days 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.

* Premium members only.

Occidental Petroleum Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

35.69

38.33

37.74

37.53

41.04

Occidental Petroleum Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory																38.36	45.02	43.97	40.82	38.33

Competitive Comparison

For the Oil & Gas E&P subindustry, Occidental Petroleum's Days Inventory, along with its competitors' market caps and Days Inventory 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.

Occidental Petroleum Days Inventory Distribution

For the Oil & Gas industry and Energy sector, Occidental Petroleum's Days Inventory distribution charts can be found below:

* The bar in red indicates where Occidental Petroleum's Days Inventory falls into.

Occidental Petroleum Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Occidental Petroleum's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (2059	+	2022)	/	2 )	/	18148	*	365
=	2040.5					/	18148	*	365
=	41.04

Occidental Petroleum's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1975	+	2022)	/	2 )	/	4758	*	365 / 4
=	1998.5					/	4758	*	365 / 4
=	38.33

Occidental Petroleum (NYSE:OXY.WS) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

Occidental Petroleum's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	4758	/	1998.5
	=	2.38

2. 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.

Occidental Petroleum's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1998.5	/	7172
	=	0.28

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Occidental Petroleum Days Inventory Related Terms

Thank you for viewing the detailed overview of Occidental Petroleum's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Occidental Petroleum (Occidental Petroleum) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Occidental Petroleum Corp (NYSE:OXY.WS) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

OXY:USA OXY1:Mexico OXY_KZ:Kazakhstan 1OXY:Italy OPC:Germany OPC:Germany OPC:Germany OPC:Germany OXYP34:Brazil

Address

5 Greenway Plaza, Suite 110, Houston, TX, USA, 77046

Website

https://www.oxy.com

Occidental Petroleum is an independent exploration and production company with operations in the United States, Latin America, and the Middle East. At the end of 2022, the company reported net proved reserves of 3.8 billion barrels of oil equivalent. Net production averaged 1,159 thousand barrels of oil equivalent per day in 2022 at a ratio of 75% oil and natural gas liquids and 25% natural gas.