Stock Analysis on Net

Occidental Petroleum Corp. (NYSE:OXY)

Analysis of Short-term (Operating) Activity Ratios

Microsoft Excel

Short-term Activity Ratios (Summary)

Occidental Petroleum Corp., 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 12.76 13.97 17.79 14.06 9.38
Receivables turnover 7.58 8.84 8.56 6.17 8.42
Payables turnover 7.12 7.75 9.09 6.66 5.96
Working capital turnover 32.45 13.76 29.88
Average No. Days
Average inventory processing period 29 26 21 26 39
Add: Average receivable collection period 48 41 43 59 43
Operating cycle 77 67 64 85 82
Less: Average payables payment period 51 47 40 55 61
Cash conversion cycle 26 20 24 30 21

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. Occidental Petroleum Corp. inventory turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024.
Receivables turnover An activity ratio equal to revenue divided by receivables. Occidental Petroleum Corp. receivables turnover ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. Occidental Petroleum Corp. payables turnover ratio decreased from 2022 to 2023 and from 2023 to 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. Occidental Petroleum Corp. 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. Occidental Petroleum Corp. number of days of receivables outstanding improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.
Operating cycle Equal to average inventory processing period plus average receivables collection period. Occidental Petroleum Corp. 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. Occidental Petroleum Corp. 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. Occidental Petroleum Corp. cash conversion cycle improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.

Inventory Turnover

Occidental Petroleum Corp., 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)
Net sales 26,725 28,257 36,634 25,956 17,809
Inventories 2,095 2,022 2,059 1,846 1,898
Short-term Activity Ratio
Inventory turnover1 12.76 13.97 17.79 14.06 9.38
Benchmarks
Inventory Turnover, Competitors2
Chevron Corp. 21.32 22.86 28.58 24.68 16.64
ConocoPhillips 30.26 40.16 64.39 37.94 18.75
Exxon Mobil Corp. 14.42 13.32 16.32 14.73 9.47
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 = Net sales ÷ Inventories
= 26,725 ÷ 2,095 = 12.76

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. Occidental Petroleum Corp. inventory turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024.

Receivables Turnover

Occidental Petroleum Corp., 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)
Net sales 26,725 28,257 36,634 25,956 17,809
Trade receivables, net of reserves 3,526 3,195 4,281 4,208 2,115
Short-term Activity Ratio
Receivables turnover1 7.58 8.84 8.56 6.17 8.42
Benchmarks
Receivables Turnover, Competitors2
Chevron Corp. 9.35 9.88 11.52 8.45 8.24
ConocoPhillips 8.27 10.28 11.09 7.00 7.13
Exxon Mobil Corp. 9.62 11.05 12.14 10.29 10.93
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 = Net sales ÷ Trade receivables, net of reserves
= 26,725 ÷ 3,526 = 7.58

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. Occidental Petroleum Corp. receivables turnover ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.

Payables Turnover

Occidental Petroleum Corp., 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)
Net sales 26,725 28,257 36,634 25,956 17,809
Accounts payable 3,753 3,646 4,029 3,899 2,987
Short-term Activity Ratio
Payables turnover1 7.12 7.75 9.09 6.66 5.96
Benchmarks
Payables Turnover, Competitors2
Chevron Corp. 8.76 9.64 12.44 9.46 8.63
ConocoPhillips 9.14 11.04 12.84 9.16 7.04
Exxon Mobil Corp. 9.39 10.71 12.02 10.39 10.20
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 = Net sales ÷ Accounts payable
= 26,725 ÷ 3,753 = 7.12

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. Occidental Petroleum Corp. payables turnover ratio decreased from 2022 to 2023 and from 2023 to 2024.

Working Capital Turnover

Occidental Petroleum Corp., 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 9,070 8,375 8,886 10,211 8,819
Less: Current liabilities 9,521 9,148 7,757 8,324 8,223
Working capital (451) (773) 1,129 1,887 596
 
Net sales 26,725 28,257 36,634 25,956 17,809
Short-term Activity Ratio
Working capital turnover1 32.45 13.76 29.88
Benchmarks
Working Capital Turnover, Competitors2
Chevron Corp. 82.20 22.20 14.61 22.40 24.25
ConocoPhillips 15.54 12.98 13.30 11.37 2.80
Exxon Mobil Corp. 15.65 10.70 13.95 110.19
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 = Net sales ÷ Working capital
= 26,725 ÷ -451 =

2 Click competitor name to see calculations.


Average Inventory Processing Period

Occidental Petroleum Corp., 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 12.76 13.97 17.79 14.06 9.38
Short-term Activity Ratio (no. days)
Average inventory processing period1 29 26 21 26 39
Benchmarks (no. days)
Average Inventory Processing Period, Competitors2
Chevron Corp. 17 16 13 15 22
ConocoPhillips 12 9 6 10 19
Exxon Mobil Corp. 25 27 22 25 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 ÷ 12.76 = 29

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. Occidental Petroleum Corp. number of days of inventory outstanding deteriorated from 2022 to 2023 and from 2023 to 2024.

Average Receivable Collection Period

Occidental Petroleum Corp., 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 7.58 8.84 8.56 6.17 8.42
Short-term Activity Ratio (no. days)
Average receivable collection period1 48 41 43 59 43
Benchmarks (no. days)
Average Receivable Collection Period, Competitors2
Chevron Corp. 39 37 32 43 44
ConocoPhillips 44 36 33 52 51
Exxon Mobil Corp. 38 33 30 35 33
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 ÷ 7.58 = 48

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. Occidental Petroleum Corp. number of days of receivables outstanding improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.

Operating Cycle

Occidental Petroleum Corp., 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 29 26 21 26 39
Average receivable collection period 48 41 43 59 43
Short-term Activity Ratio
Operating cycle1 77 67 64 85 82
Benchmarks
Operating Cycle, Competitors2
Chevron Corp. 56 53 45 58 66
ConocoPhillips 56 45 39 62 70
Exxon Mobil Corp. 63 60 52 60 72
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
= 29 + 48 = 77

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. Occidental Petroleum Corp. operating cycle deteriorated from 2022 to 2023 and from 2023 to 2024.

Average Payables Payment Period

Occidental Petroleum Corp., 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 7.12 7.75 9.09 6.66 5.96
Short-term Activity Ratio (no. days)
Average payables payment period1 51 47 40 55 61
Benchmarks (no. days)
Average Payables Payment Period, Competitors2
Chevron Corp. 42 38 29 39 42
ConocoPhillips 40 33 28 40 52
Exxon Mobil Corp. 39 34 30 35 36
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 ÷ 7.12 = 51

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. Occidental Petroleum Corp. number of days of payables outstanding increased from 2022 to 2023 and from 2023 to 2024.

Cash Conversion Cycle

Occidental Petroleum Corp., 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 29 26 21 26 39
Average receivable collection period 48 41 43 59 43
Average payables payment period 51 47 40 55 61
Short-term Activity Ratio
Cash conversion cycle1 26 20 24 30 21
Benchmarks
Cash Conversion Cycle, Competitors2
Chevron Corp. 14 15 16 19 24
ConocoPhillips 16 12 11 22 18
Exxon Mobil Corp. 24 26 22 25 36
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
= 29 + 4851 = 26

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. Occidental Petroleum Corp. cash conversion cycle improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.