Ovintiv Inc (OVV)
Payables 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 | |||
| Payables | US$ in thousands | 586,000 | — | — | — | 436,000 | — | — | — | 328,000 | — | — | — | 306,000 | — | — | — | 355,000 |
| Payables turnover | 2.18 | — | — | — | 2.86 | — | — | — | 3.38 | — | — | — | 21.06 | — |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,276,000K ÷ $586,000K
= 2.18
Based on the available data, it appears that the payables turnover ratio for Ovintiv Inc is not provided for Q4 2023, Q3 2023, Q2 2023, and Q1 2023. However, the ratio was also at 0.00 for Q4 2022 and not available for the preceding quarters.
The lack of payables turnover ratio data may indicate challenges or inconsistencies in the company's financial reporting, making it difficult to assess the efficiency of Ovintiv Inc in managing its accounts payable during these periods.
Further analysis and additional financial information would be necessary to better understand the trend and implications of the payables turnover ratio for Ovintiv Inc over time.
Peer comparison
Dec 31, 2023