Imperial Oil (Imperial Oil) Inventory Turnover : 3.75 (As of Dec. 2023)

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What is Imperial Oil Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Imperial Oil's Cost of Goods Sold for the three months ended in Dec. 2023 was $7,810 Mil. Imperial Oil's Average Total Inventories for the quarter that ended in Dec. 2023 was $2,081 Mil. Imperial Oil's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.75.

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-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 Inventory Turnover Historical Data

The historical data trend for Imperial Oil's Inventory Turnover 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 Turnover Chart

Imperial Oil Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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15.65

11.98

17.37

22.57

15.87

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 Turnover	Get a 7-Day Free Trial															4.97	3.87	4.04	4.33	3.75

Imperial Oil Inventory Turnover Calculation

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

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	30698.42	/ (	(1669.488	+	2200.358)	/	2 )
=	30698.42	/	1934.923
=	15.87

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

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	7810.077	/ (	(1961.422	+	2200.358)	/	2 )
=	7810.077	/	2080.89
=	3.75

Imperial Oil (AMEX:IMO) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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
	=	2080.89	/	7810.077	*	365 / 4
	=	24.31

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.

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

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Imperial Oil Inventory Turnover Related Terms

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Imperial Oil (Imperial Oil) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

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.