Suncor Energy (Suncor Energy) Days Inventory

: 48.12 (As of Dec. 2023)

View and export this data going back to 1997. Start your Free Trial

Days Inventory is also known as Days Sales of Inventory (DSI). Suncor Energy's Average Total Inventories for the three months ended in Dec. 2023 was $3,916 Mil. Suncor Energy's Cost of Goods Sold for the three months ended in Dec. 2023 was $7,426 Mil. Hence, Suncor Energy's Days Inventory for the three months ended in Dec. 2023 was 48.12.

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

SU' s Days Inventory Range Over the Past 10 Years
Min: 46.43 Med: 58.94 Max: 68.1
Current: 63.82

During the past 13 years, Suncor Energy's highest Days Inventory was 68.10. The lowest was 46.43. And the median was 58.94.

SU's Days Inventory is ranked worse than
74.76% of 729 companies
in the Oil & Gas industry
Industry Median: 31.63 vs SU: 63.82

Suncor Energy's Days Inventory declined from Dec. 2022 (53.15) to Dec. 2023 (48.12).

Inventory Turnover measures how fast the company turns over its inventory within a year. Suncor Energy's Inventory Turnover for the three months ended in Dec. 2023 was 1.90.

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. Suncor Energy's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.39.

Suncor Energy Days Inventory Historical Data

The historical data trend for Suncor Energy'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.

Suncor Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

49.03

66.97

59.80

47.71

62.44

Suncor Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory																53.15	79.26	77.29	60.89	48.12

Competitive Comparison

For the Oil & Gas Integrated subindustry, Suncor Energy'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.

Suncor Energy Days Inventory Distribution

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

* The bar in red indicates where Suncor Energy's Days Inventory falls into.

Suncor Energy Days Inventory Calculation

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

Suncor Energy'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
=	( (3723.224	+	3998.956)	/	2 )	/	22571.556	*	365
=	3861.09					/	22571.556	*	365
=	62.44

Suncor Energy'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
=	( (3832.681	+	3998.956)	/	2 )	/	7426.208	*	365 / 4
=	3915.8185					/	7426.208	*	365 / 4
=	48.12

Suncor Energy (NYSE:SU) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	7426.208	/	3915.8185
	=	1.90

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3915.8185	/	10128.951
	=	0.39

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.

Suncor Energy Days Inventory Related Terms

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

Suncor Energy (Suncor Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Suncor Energy Inc (NYSE:SU) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

SUU:Mexico SM3:Germany SU:Canada

Address

150 - 6th Avenue S.W., P.O. Box 2844, Calgary, AB, CAN, T2P 3E3

Website

https://www.suncor.com

Suncor Energy Inc is an integrated energy company. The company's operations include oil sands development, production and upgrading, offshore oil and gas, petroleum refining in Canada and the U.S. and the company's Petro-Canada retail and wholesale distribution networks. The company is developing petroleum resources while advancing the transition to a low-emissions future through investment in power, renewable fuels and hydrogen. It also conducts energy trading activities focused principally on the marketing and trading of crude oil, natural gas, byproducts, refined products and power.