ConocoPhillips (COP)

Activity ratios

Short-term

Turnover ratios

	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
Receivables turnover	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Payables turnover	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Working capital turnover	15.69	17.30	16.52	15.48	12.96	8.76	16.88	16.56	13.30	11.63	9.84	9.02	11.37	3.72	3.24	3.35	2.80	3.27	3.51	4.18

ConocoPhillips' Inventory Turnover ratio has shown a general increasing trend from March 31, 2020, to December 31, 2024, indicating that the company is selling its inventory at a faster pace. This suggests efficient management of inventory levels and potentially lower carrying costs.

The Receivables Turnover ratio data is unavailable for the specified periods. This ratio typically reflects how efficiently a company is collecting on its credit sales. Without this data, it is challenging to assess ConocoPhillips' effectiveness in managing its accounts receivable.

Similarly, the Payables Turnover ratio data is not provided for the given periods. This ratio usually indicates how quickly a company pays off its suppliers. Without this information, we cannot evaluate ConocoPhillips' payment practices with its suppliers.

The Working Capital Turnover ratio fluctuates over the observed period. The significant increase in this ratio from December 31, 2021, to March 31, 2023, indicates that the company generated more revenue relative to its working capital. However, the subsequent fluctuations suggest variations in the efficiency of utilizing working capital in generating sales.

Overall, a comprehensive analysis of ConocoPhillips' activity ratios is limited due to the absence of data for Receivables Turnover and Payables Turnover ratios. However, the Inventory Turnover ratio and Working Capital Turnover ratio provide insights into the company's inventory management and revenue generation efficiency, respectively.

Average number of days

		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
Days of inventory on hand (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
Days of sales outstanding (DSO)	days	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Number of days of payables	days	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

ConocoPhillips' Days of Inventory on Hand (DOH) has decreased from 12.04 days on March 31, 2020, to 17.18 days on December 31, 2024. This indicates that the company held inventory for a shorter period towards the end of the period, which may suggest more efficient inventory management.

The Days of Sales Outstanding (DSO) and Number of Days of Payables data are not available, which limits the comprehensive analysis of ConocoPhillips' activity ratios. However, focusing on the DOH, it suggests that the company has been successful in managing its inventory efficiently over the period under consideration. It is essential for ConocoPhillips to monitor its activity ratios continuously to ensure optimal working capital management and operational efficiency.

Long-term

	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
Fixed asset turnover	—	—	—	—	—	0.91	1.02	1.16	1.21	1.18	1.02	0.83	0.71	0.64	0.51	0.39	0.47	0.51	0.59	0.73
Total asset turnover	0.45	0.58	0.59	0.58	0.58	0.64	0.74	0.83	0.84	0.79	0.70	0.58	0.51	0.41	0.34	0.36	0.30	0.33	0.39	0.45

The Fixed Asset Turnover ratio measures how efficiently a company is using its fixed assets to generate sales. In the case of ConocoPhillips, the ratio has shown a fluctuating trend over the analyzed period. It started at 0.73 in March 2020, indicating that for every dollar of fixed assets, the company generated $0.73 in sales. The ratio then decreased to 0.39 in March 2021, suggesting a decline in the efficiency of asset utilization. However, the ratio improved significantly to 1.21 by December 2022, indicating a strong rebound in utilizing fixed assets to generate sales.

On the other hand, the Total Asset Turnover ratio reflects the company's efficiency in utilizing all assets to generate revenue. ConocoPhillips' Total Asset Turnover ratio also fluctuated during the period under review. Starting at 0.45 in March 2020, the ratio generally trended upwards until reaching 0.84 by December 2022. This indicates that the company was generating more revenue for each dollar of total assets held.

Overall, the analysis of both Fixed Asset Turnover and Total Asset Turnover ratios suggests that ConocoPhillips has made improvements in utilizing its assets efficiently to drive revenue growth over the analyzed period. It is essential for the company to continue monitoring and managing its asset utilization to sustain and improve its financial performance.