Ovintiv Inc (OVV)

Inventory turnover

		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
Cost of revenue (ttm)	US$ in thousands	5,318,000	6,115,000	6,459,000	6,079,000	5,555,000	4,617,000	4,569,000	4,893,000	5,168,000	5,520,000	5,280,000	4,886,000	4,434,000	3,997,000	3,639,000	3,361,000	3,373,000	3,485,000	3,585,000	3,573,000
Inventory	US$ in thousands	—	—	—	—	—	—	—	—	—	—	-61,000	—	—	—	—	—	—	—	—	—
Inventory turnover		—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

December 31, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $5,318,000K ÷ $—K
= —

The inventory turnover ratio for Ovintiv Inc for the specified period is not available as the data is marked with dashes (—) indicating that the company has not disclosed or reported inventory turnover figures.

Inventory turnover ratio provides insights into how efficiently a company is managing its inventory by measuring the number of times inventory is sold and replaced within a given period. A higher inventory turnover ratio indicates that the company is selling goods quickly, which can be a positive sign of operational efficiency. On the other hand, a low inventory turnover ratio may indicate overstocking, obsolete inventory, or lower-than-expected sales.

In the absence of specific inventory turnover figures for Ovintiv Inc, it is difficult to assess the company's inventory management efficiency. Investors and analysts typically rely on this ratio to gauge how well a company is managing its working capital and operational performance. It would be advisable for Ovintiv Inc to provide updated and accurate inventory turnover data in their financial statements to give stakeholders a better understanding of the company's operational efficiency.