Imperial Oil (Imperial Oil) Total Inventories : $2,200 Mil (As of Dec. 2023)

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What is Imperial Oil Total Inventories?

Imperial Oil's total inventories for the quarter that ended in Dec. 2023 was $2,200 Mil. Imperial Oil's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $2,081 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Imperial Oil's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-18.47.

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 24.31.

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 3.75.

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 Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.23.

Imperial Oil Total Inventories Historical Data

The historical data trend for Imperial Oil's Total Inventories 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 Total Inventories Chart

Imperial Oil Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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1,451.90

1,431.81

1,399.22

1,669.49

2,200.36

Imperial Oil Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories	Get a 7-Day Free Trial															1,669.49	2,006.87	1,752.97	1,961.42	2,200.36

Imperial Oil Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Imperial Oil (AMEX:IMO) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Imperial Oil's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(644.007	+	0.75 * 3340.787	+	0.5 * 2200.358	-	14145.051
-	0	-	0)	/	535.837
=	-18.47

2. 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
	=	2080.89	/	7810.077	*	365 / 4
	=	24.31

3. 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 )
	=	7810.077	/	2080.89
	=	3.75

4. 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 Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	2080.89	/	9233.005
	=	0.23

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Imperial Oil Total Inventories Related Terms

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Imperial Oil (Imperial Oil) Business Description

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IMP:Germany IMO:Canada

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.