Ovintiv Inc (OVV)
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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 100.42 |
Based on the provided data, the activity ratios for Ovintiv Inc can be analyzed as follows:
1. Inventory Turnover: Unfortunately, there is no data available for the inventory turnover ratio for any of the reporting periods. This ratio helps measure how efficiently a company manages its inventory levels.
2. Receivables Turnover: Similar to inventory turnover, there is no information provided for the receivables turnover ratio. This ratio assesses how effectively a company collects its outstanding credit sales.
3. Payables Turnover: Regrettably, the payables turnover ratio data is missing for all reporting periods. This ratio indicates how efficiently a firm pays its suppliers.
4. Working Capital Turnover: The working capital turnover ratio is only available for March 31, 2020, showing a value of 100.42. This ratio measures how efficiently a company generates revenue from its working capital.
Given the lack of data for the major activity ratios such as inventory turnover, receivables turnover, and payables turnover, the analysis is limited. The available information for the working capital turnover ratio for March 31, 2020, suggests that Ovintiv Inc was efficient in generating revenue from its working capital at that time. However, without data for subsequent periods, it is challenging to provide a comprehensive assessment of Ovintiv Inc's activity ratios.
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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Based on the provided data, Ovintiv Inc's activity ratios, including Days of Inventory on Hand (DOH), Days of Sales Outstanding (DSO), and Number of Days of Payables, are not available or are represented as "— days" for all periods from March 2020 to December 2024.
Without specific values for these activity ratios, it is challenging to provide a detailed analysis of Ovintiv Inc's efficiency in managing its inventory, collecting its receivables, and paying its payables. These ratios are essential for evaluating how effectively the company is utilizing its resources and managing its working capital.
To gain a deeper understanding of Ovintiv Inc's operational efficiency and liquidity management, it would be beneficial to have the actual values for these activity ratios over the specified periods. This information would allow for a more comprehensive analysis of the company's performance in terms of inventory turnover, accounts receivable collection, and accounts payable management.
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 | — | — | — | — | — | 0.75 | 0.83 | 1.32 | 1.32 | 1.39 | 1.18 | 0.98 | 0.99 | 0.80 | 0.73 | 0.56 | 0.64 | 0.60 | 0.58 | 0.54 |
| Total asset turnover | 0.48 | 0.14 | 0.51 | 0.53 | 0.53 | 0.55 | 0.61 | 0.86 | 0.83 | 0.88 | 0.73 | 0.59 | 0.62 | 0.50 | 0.45 | 0.36 | 0.42 | 0.40 | 0.41 | 0.38 |
Ovintiv Inc's Fixed Asset Turnover ratio has shown fluctuation over the years, starting at 0.54 in March 2020, peaking at 1.39 in September 2022, and then decreasing to 0.75 by September 2023. The ratio measures the efficiency of the company in generating sales revenue from its fixed assets.
On the other hand, Ovintiv Inc's Total Asset Turnover ratio has also varied, with a range from 0.36 in March 2021 to 0.88 in September 2022. This ratio reflects the company's ability to generate sales compared to its total assets.
Overall, fluctuations in both ratios indicate changes in either asset management efficiency, sales performance, or a combination of both. It would be important to further analyze the reasons behind these fluctuations in order to assess the company's long-term operational efficiency and effectiveness in utilizing its assets.