Ovintiv Inc (OVV)
Inventory turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,276,000 | 1,263,000 | 1,270,000 | 1,179,000 | 1,247,000 | 1,194,000 | 1,120,000 | 1,147,000 | 1,108,000 | 1,559,000 | 2,861,000 | 6,237,000 | 6,443,000 | 6,613,000 |
| Inventory | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,276,000K ÷ $—K
= —
To calculate the inventory turnover for Ovintiv Inc, we need both the cost of goods sold (COGS) and the average inventory balance for each quarter. Without this data, we are unable to compute the inventory turnover ratio. The inventory turnover ratio is a key metric that measures how many times a company's inventory is sold and replaced over a specific period. A higher turnover ratio typically indicates efficient inventory management and sales practices. In the absence of relevant data, a thorough analysis of Ovintiv Inc's inventory turnover is not possible at this time.
Peer comparison
Dec 31, 2023
Dec 31, 2023