ConocoPhillips (COP)

Days of inventory on hand (DOH)

		Dec 31, 2024	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
Inventory turnover		21.25	25.65	26.68	26.11	27.17	30.64	35.53	38.30	39.77	37.26	32.42	28.50	25.71	25.30	20.53	20.41	17.91	17.76	20.12	30.31
DOH	days	17.18	14.23	13.68	13.98	13.43	11.91	10.27	9.53	9.18	9.79	11.26	12.81	14.20	14.43	17.78	17.88	20.38	20.55	18.14	12.04

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 21.25
= 17.18

ConocoPhillips' Days of Inventory on Hand (DOH) is a metric used to evaluate how efficiently the company manages its inventory levels. The trend analysis of DOH for ConocoPhillips from March 31, 2020, to December 31, 2024, reveals fluctuations in inventory management.

The DOH started at 12.04 days on March 31, 2020, and gradually increased to 20.55 days by September 30, 2020, indicating a potential increase in inventory levels. However, from December 31, 2020, to June 30, 2022, the DOH showed a decreasing trend, reaching a low of 9.18 days on December 31, 2022. This reduction suggests the company may have optimized its inventory management processes.

Between March 31, 2023, and December 31, 2024, the DOH slightly increased again, rising to 17.18 days by the end of December 2024. This uptick could be attributed to various factors such as changes in production levels, market demand, or supply chain disruptions.

Overall, the fluctuating trend in ConocoPhillips' DOH indicates the company's efforts to balance its inventory levels efficiently over the analyzed period. Further analysis and comparison with industry benchmarks could provide additional insights into ConocoPhillips' inventory management performance.