Stock Analysis on Net

ConocoPhillips (NYSE:COP)

Analysis of Short-term (Operating) Activity Ratios
Quarterly Data

Microsoft Excel

Short-term Activity Ratios (Summary)

ConocoPhillips, short-term (operating) activity ratios (quarterly data)

Microsoft Excel
Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Turnover Ratios
Inventory turnover 36.92 39.01 38.24 40.16 45.23 53.99 60.05 64.39 61.22 52.97 45.80 37.94 34.71 25.71 20.45 18.75 20.31 24.82 40.74 31.74
Receivables turnover 11.53 10.68 10.14 10.28 10.60 14.77 14.31 11.09 10.23 8.09 6.89 7.00 6.78 6.65 5.17 7.13 10.59 17.42 13.98 9.97
Payables turnover 10.70 11.14 10.82 11.04 11.72 14.52 14.88 12.84 12.02 11.18 11.03 9.16 8.83 8.15 5.94 7.04 9.47 11.83 10.20 10.25
Working capital turnover 17.16 16.55 15.51 12.98 8.76 16.88 16.56 13.30 11.63 9.84 9.02 11.37 3.72 3.24 3.02 2.80 3.27 3.51 4.18 3.30
Average No. Days
Average inventory processing period 10 9 10 9 8 7 6 6 6 7 8 10 11 14 18 19 18 15 9 11
Add: Average receivable collection period 32 34 36 36 34 25 26 33 36 45 53 52 54 55 71 51 34 21 26 37
Operating cycle 42 43 46 45 42 32 32 39 42 52 61 62 65 69 89 70 52 36 35 48
Less: Average payables payment period 34 33 34 33 31 25 25 28 30 33 33 40 41 45 61 52 39 31 36 36
Cash conversion cycle 8 10 12 12 11 7 7 11 12 19 28 22 24 24 28 18 13 5 -1 12

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

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 improved from Q1 2024 to Q2 2024 but then deteriorated significantly from Q2 2024 to Q3 2024.
Receivables turnover An activity ratio equal to revenue divided by receivables. ConocoPhillips receivables turnover ratio improved from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. ConocoPhillips payables turnover ratio increased from Q1 2024 to Q2 2024 but then decreased significantly from Q2 2024 to Q3 2024.
Working capital turnover An activity ratio calculated as revenue divided by working capital. ConocoPhillips working capital turnover ratio improved from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.

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.
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 improved from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
Operating cycle Equal to average inventory processing period plus average receivables collection period. ConocoPhillips operating cycle improved from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 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.
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 improved from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.

Inventory Turnover

ConocoPhillips, inventory turnover calculation (quarterly data)

Microsoft Excel
Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data (US$ in millions)
Sales and other operating revenues 13,041 13,620 13,848 14,729 14,250 12,351 14,811 18,558 21,013 21,161 17,762 15,120 11,326 9,556 9,826 5,491 4,386 2,749 6,158 7,708 7,756 7,953 9,150
Inventories 1,496 1,447 1,443 1,398 1,326 1,236 1,258 1,219 1,226 1,234 1,174 1,208 1,043 1,138 1,098 1,002 1,034 982 726 1,026 955 1,089 1,014
Short-term Activity Ratio
Inventory turnover1 36.92 39.01 38.24 40.16 45.23 53.99 60.05 64.39 61.22 52.97 45.80 37.94 34.71 25.71 20.45 18.75 20.31 24.82 40.74 31.74
Benchmarks
Inventory Turnover, Competitors2
Chevron Corp. 18.80 19.58 22.86 21.48 23.28 25.16 28.58 25.22 26.71 27.10 24.68 21.96 18.60 17.05 16.64 18.34 20.86 20.59 23.92
Exxon Mobil Corp. 14.24 13.90 14.11 13.32 14.16 15.02 16.69 16.32 16.05 14.93 13.84 14.73 12.30 11.14 9.86 9.47 10.95 10.88 15.09 13.79
Marathon Petroleum Corp. 12.97 13.37 13.18 13.80 12.77 13.99 14.21 17.18 15.28 12.76 13.08 13.66 10.32 9.25 7.91 8.22 10.24 10.69 14.05 10.76
Occidental Petroleum Corp. 9.64 12.67 13.97 14.84 15.60 15.37 17.79 18.75 21.57 20.63 14.06 12.52 10.63 7.59 9.38 12.01 14.56 16.02 14.09
Valero Energy Corp. 18.23 16.32 16.36 17.39 18.02 20.28 20.76 23.64 23.61 20.24 17.64 17.69 15.05 13.32 10.66 10.87 13.94 15.61 28.30 14.76

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q3 2024 Calculation
Inventory turnover = (Sales and other operating revenuesQ3 2024 + Sales and other operating revenuesQ2 2024 + Sales and other operating revenuesQ1 2024 + Sales and other operating revenuesQ4 2023) ÷ Inventories
= (13,041 + 13,620 + 13,848 + 14,729) ÷ 1,496 = 36.92

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 improved from Q1 2024 to Q2 2024 but then deteriorated significantly from Q2 2024 to Q3 2024.

Receivables Turnover

ConocoPhillips, receivables turnover calculation (quarterly data)

Microsoft Excel
Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data (US$ in millions)
Sales and other operating revenues 13,041 13,620 13,848 14,729 14,250 12,351 14,811 18,558 21,013 21,161 17,762 15,120 11,326 9,556 9,826 5,491 4,386 2,749 6,158 7,708 7,756 7,953 9,150
Accounts and notes receivable, net of allowance 4,791 5,285 5,444 5,461 5,658 4,517 5,280 7,075 7,338 8,081 7,807 6,543 5,336 4,401 4,339 2,634 1,984 1,399 2,116 3,267 3,478 3,490 3,701
Short-term Activity Ratio
Receivables turnover1 11.53 10.68 10.14 10.28 10.60 14.77 14.31 11.09 10.23 8.09 6.89 7.00 6.78 6.65 5.17 7.13 10.59 17.42 13.98 9.97
Benchmarks
Receivables Turnover, Competitors2
Chevron Corp. 9.49 9.54 9.88 9.21 11.10 12.21 11.52 10.11 7.67 7.60 8.45 8.12 7.39 6.79 8.24 10.72 13.42 13.32 10.50
Marathon Petroleum Corp. 13.95 12.01 11.10 12.77 12.19 15.26 17.18 13.17 12.85 9.22 8.64 10.87 10.79 8.98 9.41 12.11 16.88 22.14 21.12 15.75
Occidental Petroleum Corp. 6.96 8.26 8.84 7.98 11.07 10.85 8.56 8.98 5.31 5.34 6.17 6.39 5.94 5.41 8.42 9.57 9.12 9.36 3.20

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q3 2024 Calculation
Receivables turnover = (Sales and other operating revenuesQ3 2024 + Sales and other operating revenuesQ2 2024 + Sales and other operating revenuesQ1 2024 + Sales and other operating revenuesQ4 2023) ÷ Accounts and notes receivable, net of allowance
= (13,041 + 13,620 + 13,848 + 14,729) ÷ 4,791 = 11.53

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 improved from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.

Payables Turnover

ConocoPhillips, payables turnover calculation (quarterly data)

Microsoft Excel
Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data (US$ in millions)
Sales and other operating revenues 13,041 13,620 13,848 14,729 14,250 12,351 14,811 18,558 21,013 21,161 17,762 15,120 11,326 9,556 9,826 5,491 4,386 2,749 6,158 7,708 7,756 7,953 9,150
Accounts payable 5,161 5,065 5,101 5,083 5,119 4,597 5,078 6,113 6,242 5,845 4,875 5,002 4,101 3,591 3,779 2,669 2,217 2,060 2,900 3,176 3,148 3,618 3,815
Short-term Activity Ratio
Payables turnover1 10.70 11.14 10.82 11.04 11.72 14.52 14.88 12.84 12.02 11.18 11.03 9.16 8.83 8.15 5.94 7.04 9.47 11.83 10.20 10.25
Benchmarks
Payables Turnover, Competitors2
Chevron Corp. 9.38 9.16 9.64 9.35 11.48 12.94 12.44 10.46 8.28 8.78 9.46 8.79 7.88 7.45 8.63 10.93 13.94 12.30 9.92
Marathon Petroleum Corp. 10.05 8.82 8.33 9.34 8.18 10.22 11.20 9.91 9.01 6.27 6.27 8.03 7.79 6.75 6.68 8.42 11.31 14.15 12.91 9.48
Occidental Petroleum Corp. 6.33 7.06 7.75 7.50 8.87 10.11 9.09 9.78 6.49 6.22 6.66 5.98 5.51 4.83 5.96 7.43 7.09 5.98 2.91
Valero Energy Corp. 11.16 8.99 10.39 10.49 10.15 13.04 14.75 12.54 12.04 8.69 8.31 8.87 9.54 8.00 6.88 10.79 14.26 18.19 17.61 10.15

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q3 2024 Calculation
Payables turnover = (Sales and other operating revenuesQ3 2024 + Sales and other operating revenuesQ2 2024 + Sales and other operating revenuesQ1 2024 + Sales and other operating revenuesQ4 2023) ÷ Accounts payable
= (13,041 + 13,620 + 13,848 + 14,729) ÷ 5,161 = 10.70

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 increased from Q1 2024 to Q2 2024 but then decreased significantly from Q2 2024 to Q3 2024.

Working Capital Turnover

ConocoPhillips, working capital turnover calculation (quarterly data)

Microsoft Excel
Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data (US$ in millions)
Current assets 13,984 13,734 13,721 14,330 17,181 13,501 16,116 18,749 20,453 18,860 17,586 16,050 20,181 17,172 14,614 12,066 11,059 11,053 13,144 16,913 15,217 15,800 13,683
Less: Current liabilities 10,765 10,324 10,163 10,005 10,338 9,548 11,553 12,847 13,997 12,216 11,624 12,021 10,449 8,150 7,184 5,366 4,640 4,105 6,075 7,043 5,942 8,996 7,370
Working capital 3,219 3,410 3,558 4,325 6,843 3,953 4,563 5,902 6,456 6,644 5,962 4,029 9,732 9,022 7,430 6,700 6,419 6,948 7,069 9,870 9,275 6,804 6,313
 
Sales and other operating revenues 13,041 13,620 13,848 14,729 14,250 12,351 14,811 18,558 21,013 21,161 17,762 15,120 11,326 9,556 9,826 5,491 4,386 2,749 6,158 7,708 7,756 7,953 9,150
Short-term Activity Ratio
Working capital turnover1 17.16 16.55 15.51 12.98 8.76 16.88 16.56 13.30 11.63 9.84 9.02 11.37 3.72 3.24 3.02 2.80 3.27 3.51 4.18 3.30
Benchmarks
Working Capital Turnover, Competitors2
Chevron Corp. 36.88 25.72 22.20 23.91 16.54 15.89 14.61 15.53 17.08 13.09 22.40 19.37 24.04 32.46 24.25 20.28 39.55 414.01 77.75
Exxon Mobil Corp. 13.95 13.37 12.07 10.70 11.56 12.16 12.91 13.95 15.33 26.98 59.06 110.19
Marathon Petroleum Corp. 29.09 20.12 15.44 12.38 10.45 10.63 11.29 11.66 12.38 11.41 12.01 9.52 5.95 4.60 4.92 5.53 6.93 30.75 55.50 30.81
Occidental Petroleum Corp. 69.01 50.58 32.45 44.63 49.75 21.36 13.76 28.72 5.99 11.43 29.88 102.74 10.72 5.46
Valero Energy Corp. 15.50 15.92 14.71 15.37 16.82 17.97 21.87 26.44 31.24 28.60 37.33 26.42 21.15 15.70 12.04 9.89 10.44 16.04 38.84 18.65

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q3 2024 Calculation
Working capital turnover = (Sales and other operating revenuesQ3 2024 + Sales and other operating revenuesQ2 2024 + Sales and other operating revenuesQ1 2024 + Sales and other operating revenuesQ4 2023) ÷ Working capital
= (13,041 + 13,620 + 13,848 + 14,729) ÷ 3,219 = 17.16

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 improved from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.

Average Inventory Processing Period

ConocoPhillips, average inventory processing period calculation (quarterly data)

Microsoft Excel
Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data
Inventory turnover 36.92 39.01 38.24 40.16 45.23 53.99 60.05 64.39 61.22 52.97 45.80 37.94 34.71 25.71 20.45 18.75 20.31 24.82 40.74 31.74
Short-term Activity Ratio (no. days)
Average inventory processing period1 10 9 10 9 8 7 6 6 6 7 8 10 11 14 18 19 18 15 9 11
Benchmarks (no. days)
Average Inventory Processing Period, Competitors2
Chevron Corp. 19 19 16 17 16 15 13 14 14 13 15 17 20 21 22 20 17 18 15
Exxon Mobil Corp. 26 26 26 27 26 24 22 22 23 24 26 25 30 33 37 39 33 34 24 26
Marathon Petroleum Corp. 28 27 28 26 29 26 26 21 24 29 28 27 35 39 46 44 36 34 26 34
Occidental Petroleum Corp. 38 29 26 25 23 24 21 19 17 18 26 29 34 48 39 30 25 23 26
Valero Energy Corp. 20 22 22 21 20 18 18 15 15 18 21 21 24 27 34 34 26 23 13 25

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q3 2024 Calculation
Average inventory processing period = 365 ÷ Inventory turnover
= 365 ÷ 36.92 = 10

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.

Average Receivable Collection Period

ConocoPhillips, average receivable collection period calculation (quarterly data)

Microsoft Excel
Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data
Receivables turnover 11.53 10.68 10.14 10.28 10.60 14.77 14.31 11.09 10.23 8.09 6.89 7.00 6.78 6.65 5.17 7.13 10.59 17.42 13.98 9.97
Short-term Activity Ratio (no. days)
Average receivable collection period1 32 34 36 36 34 25 26 33 36 45 53 52 54 55 71 51 34 21 26 37
Benchmarks (no. days)
Average Receivable Collection Period, Competitors2
Chevron Corp. 38 38 37 40 33 30 32 36 48 48 43 45 49 54 44 34 27 27 35
Marathon Petroleum Corp. 26 30 33 29 30 24 21 28 28 40 42 34 34 41 39 30 22 16 17 23
Occidental Petroleum Corp. 52 44 41 46 33 34 43 41 69 68 59 57 61 67 43 38 40 39 114

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q3 2024 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 11.53 = 32

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 improved from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.

Operating Cycle

ConocoPhillips, operating cycle calculation (quarterly data)

No. days

Microsoft Excel
Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data
Average inventory processing period 10 9 10 9 8 7 6 6 6 7 8 10 11 14 18 19 18 15 9 11
Average receivable collection period 32 34 36 36 34 25 26 33 36 45 53 52 54 55 71 51 34 21 26 37
Short-term Activity Ratio
Operating cycle1 42 43 46 45 42 32 32 39 42 52 61 62 65 69 89 70 52 36 35 48
Benchmarks
Operating Cycle, Competitors2
Chevron Corp. 57 57 53 57 49 45 45 50 62 61 58 62 69 75 66 54 44 45 50
Marathon Petroleum Corp. 54 57 61 55 59 50 47 49 52 69 70 61 69 80 85 74 58 50 43 57
Occidental Petroleum Corp. 90 73 67 71 56 58 64 60 86 86 85 86 95 115 82 68 65 62 140

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q3 2024 Calculation
Operating cycle = Average inventory processing period + Average receivable collection period
= 10 + 32 = 42

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 improved from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.

Average Payables Payment Period

ConocoPhillips, average payables payment period calculation (quarterly data)

Microsoft Excel
Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data
Payables turnover 10.70 11.14 10.82 11.04 11.72 14.52 14.88 12.84 12.02 11.18 11.03 9.16 8.83 8.15 5.94 7.04 9.47 11.83 10.20 10.25
Short-term Activity Ratio (no. days)
Average payables payment period1 34 33 34 33 31 25 25 28 30 33 33 40 41 45 61 52 39 31 36 36
Benchmarks (no. days)
Average Payables Payment Period, Competitors2
Chevron Corp. 39 40 38 39 32 28 29 35 44 42 39 42 46 49 42 33 26 30 37
Marathon Petroleum Corp. 36 41 44 39 45 36 33 37 41 58 58 45 47 54 55 43 32 26 28 38
Occidental Petroleum Corp. 58 52 47 49 41 36 40 37 56 59 55 61 66 76 61 49 51 61 126
Valero Energy Corp. 33 41 35 35 36 28 25 29 30 42 44 41 38 46 53 34 26 20 21 36

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q3 2024 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 10.70 = 34

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.

Cash Conversion Cycle

ConocoPhillips, cash conversion cycle calculation (quarterly data)

No. days

Microsoft Excel
Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data
Average inventory processing period 10 9 10 9 8 7 6 6 6 7 8 10 11 14 18 19 18 15 9 11
Average receivable collection period 32 34 36 36 34 25 26 33 36 45 53 52 54 55 71 51 34 21 26 37
Average payables payment period 34 33 34 33 31 25 25 28 30 33 33 40 41 45 61 52 39 31 36 36
Short-term Activity Ratio
Cash conversion cycle1 8 10 12 12 11 7 7 11 12 19 28 22 24 24 28 18 13 5 -1 12
Benchmarks
Cash Conversion Cycle, Competitors2
Chevron Corp. 18 17 15 18 17 17 16 15 18 19 19 20 23 26 24 21 18 15 13
Marathon Petroleum Corp. 18 16 17 16 14 14 14 12 11 11 12 16 22 26 30 31 26 24 15 19
Occidental Petroleum Corp. 32 21 20 22 15 22 24 23 30 27 30 25 29 39 21 19 14 1 14

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q3 2024 Calculation
Cash conversion cycle = Average inventory processing period + Average receivable collection period – Average payables payment period
= 10 + 3234 = 8

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 improved from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.