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	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019
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.