Stock Analysis on Net

ConocoPhillips (NYSE:COP)

Analysis of Short-term (Operating) Activity Ratios 

Microsoft Excel

Short-term Activity Ratios (Summary)

ConocoPhillips, short-term (operating) activity ratios

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Turnover Ratios
Inventory turnover 30.26 40.16 64.39 37.94 18.75
Receivables turnover 8.27 10.28 11.09 7.00 7.13
Payables turnover 9.14 11.04 12.84 9.16 7.04
Working capital turnover 15.54 12.98 13.30 11.37 2.80
Average No. Days
Average inventory processing period 12 9 6 10 19
Add: Average receivable collection period 44 36 33 52 51
Operating cycle 56 45 39 62 70
Less: Average payables payment period 40 33 28 40 52
Cash conversion cycle 16 12 11 22 18

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

Short-term activity ratio Description The company
Inventory turnover An activity ratio calculated as cost of goods sold divided by inventory. ConocoPhillips inventory turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024.
Receivables turnover An activity ratio equal to revenue divided by receivables. ConocoPhillips receivables turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024.
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. ConocoPhillips payables turnover ratio decreased from 2022 to 2023 and from 2023 to 2024.
Working capital turnover An activity ratio calculated as revenue divided by working capital. ConocoPhillips working capital turnover ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level.

Short-term activity ratio Description The company
Average inventory processing period An activity ratio equal to the number of days in the period divided by inventory turnover over the period. ConocoPhillips number of days of inventory outstanding deteriorated from 2022 to 2023 and from 2023 to 2024.
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover. ConocoPhillips number of days of receivables outstanding deteriorated from 2022 to 2023 and from 2023 to 2024.
Operating cycle Equal to average inventory processing period plus average receivables collection period. ConocoPhillips operating cycle deteriorated from 2022 to 2023 and from 2023 to 2024.
Average payables payment period An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. ConocoPhillips number of days of payables outstanding increased from 2022 to 2023 and from 2023 to 2024.
Cash conversion cycle A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period. ConocoPhillips cash conversion cycle deteriorated from 2022 to 2023 and from 2023 to 2024.

Inventory Turnover

ConocoPhillips, inventory turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Sales and other operating revenues 54,745 56,141 78,494 45,828 18,784
Inventories 1,809 1,398 1,219 1,208 1,002
Short-term Activity Ratio
Inventory turnover1 30.26 40.16 64.39 37.94 18.75
Benchmarks
Inventory Turnover, Competitors2
Chevron Corp. 21.32 22.86 28.58 24.68 16.64
Exxon Mobil Corp. 14.42 13.32 16.32 14.73 9.47
Occidental Petroleum Corp. 12.76 13.97 17.79 14.06 9.38
Inventory Turnover, Sector
Oil, Gas & Consumable Fuels 16.82 16.58 20.84 17.91 11.29
Inventory Turnover, Industry
Energy 15.73 15.47 19.33 16.66 10.74

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 2024 Calculation
Inventory turnover = Sales and other operating revenues ÷ Inventories
= 54,745 ÷ 1,809 = 30.26

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Inventory turnover An activity ratio calculated as cost of goods sold divided by inventory. ConocoPhillips inventory turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024.

Receivables Turnover

ConocoPhillips, receivables turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Sales and other operating revenues 54,745 56,141 78,494 45,828 18,784
Accounts and notes receivable, net of allowance 6,621 5,461 7,075 6,543 2,634
Short-term Activity Ratio
Receivables turnover1 8.27 10.28 11.09 7.00 7.13
Benchmarks
Receivables Turnover, Competitors2
Chevron Corp. 9.35 9.88 11.52 8.45 8.24
Exxon Mobil Corp. 9.62 11.05 12.14 10.29 10.93
Occidental Petroleum Corp. 7.58 8.84 8.56 6.17 8.42
Receivables Turnover, Sector
Oil, Gas & Consumable Fuels 9.29 10.46 11.59 8.99 9.51
Receivables Turnover, Industry
Energy 8.77 9.73 10.85 8.59 8.81

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 2024 Calculation
Receivables turnover = Sales and other operating revenues ÷ Accounts and notes receivable, net of allowance
= 54,745 ÷ 6,621 = 8.27

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Receivables turnover An activity ratio equal to revenue divided by receivables. ConocoPhillips receivables turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024.

Payables Turnover

ConocoPhillips, payables turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Sales and other operating revenues 54,745 56,141 78,494 45,828 18,784
Accounts payable 5,987 5,083 6,113 5,002 2,669
Short-term Activity Ratio
Payables turnover1 9.14 11.04 12.84 9.16 7.04
Benchmarks
Payables Turnover, Competitors2
Chevron Corp. 8.76 9.64 12.44 9.46 8.63
Exxon Mobil Corp. 9.39 10.71 12.02 10.39 10.20
Occidental Petroleum Corp. 7.12 7.75 9.09 6.66 5.96
Payables Turnover, Sector
Oil, Gas & Consumable Fuels 9.04 10.20 12.04 9.70 9.08
Payables Turnover, Industry
Energy 8.91 9.88 11.67 9.48 8.93

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 2024 Calculation
Payables turnover = Sales and other operating revenues ÷ Accounts payable
= 54,745 ÷ 5,987 = 9.14

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. ConocoPhillips payables turnover ratio decreased from 2022 to 2023 and from 2023 to 2024.

Working Capital Turnover

ConocoPhillips, working capital turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Current assets 15,647 14,330 18,749 16,050 12,066
Less: Current liabilities 12,124 10,005 12,847 12,021 5,366
Working capital 3,523 4,325 5,902 4,029 6,700
 
Sales and other operating revenues 54,745 56,141 78,494 45,828 18,784
Short-term Activity Ratio
Working capital turnover1 15.54 12.98 13.30 11.37 2.80
Benchmarks
Working Capital Turnover, Competitors2
Chevron Corp. 82.20 22.20 14.61 22.40 24.25
Exxon Mobil Corp. 15.65 10.70 13.95 110.19
Occidental Petroleum Corp. 32.45 13.76 29.88
Working Capital Turnover, Sector
Oil, Gas & Consumable Fuels 22.65 14.09 14.48 32.79
Working Capital Turnover, Industry
Energy 19.79 13.51 14.21 29.83 155.07

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 2024 Calculation
Working capital turnover = Sales and other operating revenues ÷ Working capital
= 54,745 ÷ 3,523 = 15.54

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Working capital turnover An activity ratio calculated as revenue divided by working capital. ConocoPhillips working capital turnover ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level.

Average Inventory Processing Period

ConocoPhillips, average inventory processing period calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data
Inventory turnover 30.26 40.16 64.39 37.94 18.75
Short-term Activity Ratio (no. days)
Average inventory processing period1 12 9 6 10 19
Benchmarks (no. days)
Average Inventory Processing Period, Competitors2
Chevron Corp. 17 16 13 15 22
Exxon Mobil Corp. 25 27 22 25 39
Occidental Petroleum Corp. 29 26 21 26 39
Average Inventory Processing Period, Sector
Oil, Gas & Consumable Fuels 22 22 18 20 32
Average Inventory Processing Period, Industry
Energy 23 24 19 22 34

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 2024 Calculation
Average inventory processing period = 365 ÷ Inventory turnover
= 365 ÷ 30.26 = 12

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average inventory processing period An activity ratio equal to the number of days in the period divided by inventory turnover over the period. ConocoPhillips number of days of inventory outstanding deteriorated from 2022 to 2023 and from 2023 to 2024.

Average Receivable Collection Period

ConocoPhillips, average receivable collection period calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data
Receivables turnover 8.27 10.28 11.09 7.00 7.13
Short-term Activity Ratio (no. days)
Average receivable collection period1 44 36 33 52 51
Benchmarks (no. days)
Average Receivable Collection Period, Competitors2
Chevron Corp. 39 37 32 43 44
Exxon Mobil Corp. 38 33 30 35 33
Occidental Petroleum Corp. 48 41 43 59 43
Average Receivable Collection Period, Sector
Oil, Gas & Consumable Fuels 39 35 31 41 38
Average Receivable Collection Period, Industry
Energy 42 37 34 43 41

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 2024 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 8.27 = 44

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover. ConocoPhillips number of days of receivables outstanding deteriorated from 2022 to 2023 and from 2023 to 2024.

Operating Cycle

ConocoPhillips, operating cycle calculation, comparison to benchmarks

No. days

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data
Average inventory processing period 12 9 6 10 19
Average receivable collection period 44 36 33 52 51
Short-term Activity Ratio
Operating cycle1 56 45 39 62 70
Benchmarks
Operating Cycle, Competitors2
Chevron Corp. 56 53 45 58 66
Exxon Mobil Corp. 63 60 52 60 72
Occidental Petroleum Corp. 77 67 64 85 82
Operating Cycle, Sector
Oil, Gas & Consumable Fuels 61 57 49 61 70
Operating Cycle, Industry
Energy 65 61 53 65 75

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 2024 Calculation
Operating cycle = Average inventory processing period + Average receivable collection period
= 12 + 44 = 56

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Operating cycle Equal to average inventory processing period plus average receivables collection period. ConocoPhillips operating cycle deteriorated from 2022 to 2023 and from 2023 to 2024.

Average Payables Payment Period

ConocoPhillips, average payables payment period calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data
Payables turnover 9.14 11.04 12.84 9.16 7.04
Short-term Activity Ratio (no. days)
Average payables payment period1 40 33 28 40 52
Benchmarks (no. days)
Average Payables Payment Period, Competitors2
Chevron Corp. 42 38 29 39 42
Exxon Mobil Corp. 39 34 30 35 36
Occidental Petroleum Corp. 51 47 40 55 61
Average Payables Payment Period, Sector
Oil, Gas & Consumable Fuels 40 36 30 38 40
Average Payables Payment Period, Industry
Energy 41 37 31 38 41

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 2024 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 9.14 = 40

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average payables payment period An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. ConocoPhillips number of days of payables outstanding increased from 2022 to 2023 and from 2023 to 2024.

Cash Conversion Cycle

ConocoPhillips, cash conversion cycle calculation, comparison to benchmarks

No. days

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data
Average inventory processing period 12 9 6 10 19
Average receivable collection period 44 36 33 52 51
Average payables payment period 40 33 28 40 52
Short-term Activity Ratio
Cash conversion cycle1 16 12 11 22 18
Benchmarks
Cash Conversion Cycle, Competitors2
Chevron Corp. 14 15 16 19 24
Exxon Mobil Corp. 24 26 22 25 36
Occidental Petroleum Corp. 26 20 24 30 21
Cash Conversion Cycle, Sector
Oil, Gas & Consumable Fuels 21 21 19 23 30
Cash Conversion Cycle, Industry
Energy 24 24 22 27 34

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 2024 Calculation
Cash conversion cycle = Average inventory processing period + Average receivable collection period – Average payables payment period
= 12 + 4440 = 16

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Cash conversion cycle A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period. ConocoPhillips cash conversion cycle deteriorated from 2022 to 2023 and from 2023 to 2024.