Chevron Corp. (CVX)

• Annual Data
• Quarterly Data

Chevron Corp., short-term (operating) activity ratios

Source: Based on data from Chevron Corp. Annual Reports

Ratio	Description	The company
Inventory turnover	An activity ratio calculated as cost of goods sold divided by inventory.	Chevron Corp.'s inventory turnover improved from 2015 to 2016 and from 2016 to 2017.
Receivables turnover	An activity ratio equal to revenue divided by receivables.	Chevron Corp.'s receivables turnover deteriorated from 2015 to 2016 but then slightly improved from 2016 to 2017.
Payables turnover	An activity ratio calculated as cost of goods sold divided by payables.	Chevron Corp.'s payables turnover declined from 2015 to 2016 but then increased from 2016 to 2017 not reaching 2015 level.
Working capital turnover	An activity ratio calculated as revenue divided by working capital.	Chevron Corp.'s working capital turnover deteriorated from 2015 to 2016 but then improved from 2016 to 2017 exceeding 2015 level.
Average inventory processing period	An activity ratio equal to the number of days in the period divided by inventory turnover over the period.
Average receivable collection period	An activity ratio equal to the number of days in the period divided by receivables turnover.	Chevron Corp.'s average receivable collection period deteriorated from 2015 to 2016 but then slightly improved from 2016 to 2017.
Operating cycle	Equal to average inventory processing period plus average receivables collection period.	Chevron Corp.'s operating cycle deteriorated from 2015 to 2016 but then improved from 2016 to 2017 not reaching 2015 level.
Average payables payment period	An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period.	Chevron Corp.'s average payables payment period increased from 2015 to 2016 but then slightly declined from 2016 to 2017 not reaching 2015 level.
Cash conversion cycle	A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period.

• Annual Data
• Quarterly Data

Chevron Corp., inventory turnover calculation, comparison to benchmarks

Source: Based on data from Chevron Corp. Annual Reports

2017 Calculations

Ratio	Description	The company
Inventory turnover	An activity ratio calculated as cost of goods sold divided by inventory.	Chevron Corp.'s inventory turnover improved from 2015 to 2016 and from 2016 to 2017.

• Annual Data
• Quarterly Data

Chevron Corp., receivables turnover calculation, comparison to benchmarks

Source: Based on data from Chevron Corp. Annual Reports

2017 Calculations

Ratio	Description	The company
Receivables turnover	An activity ratio equal to revenue divided by receivables.	Chevron Corp.'s receivables turnover deteriorated from 2015 to 2016 but then slightly improved from 2016 to 2017.

• Annual Data
• Quarterly Data

Chevron Corp., payables turnover calculation, comparison to benchmarks

Source: Based on data from Chevron Corp. Annual Reports

2017 Calculations

Ratio	Description	The company
Payables turnover	An activity ratio calculated as cost of goods sold divided by payables.	Chevron Corp.'s payables turnover declined from 2015 to 2016 but then increased from 2016 to 2017 not reaching 2015 level.

• Annual Data
• Quarterly Data

Chevron Corp., working capital turnover calculation, comparison to benchmarks

Source: Based on data from Chevron Corp. Annual Reports

2017 Calculations

Ratio	Description	The company
Working capital turnover	An activity ratio calculated as revenue divided by working capital.	Chevron Corp.'s working capital turnover deteriorated from 2015 to 2016 but then improved from 2016 to 2017 exceeding 2015 level.

• Annual Data
• Quarterly Data

Chevron Corp., average inventory processing period calculation, comparison to benchmarks

Source: Based on data from Chevron Corp. Annual Reports

2017 Calculations

Ratio	Description	The company
Average inventory processing period	An activity ratio equal to the number of days in the period divided by inventory turnover over the period.

• Annual Data
• Quarterly Data

Chevron Corp., average receivable collection period calculation, comparison to benchmarks

Source: Based on data from Chevron Corp. Annual Reports

2017 Calculations

Ratio	Description	The company
Average receivable collection period	An activity ratio equal to the number of days in the period divided by receivables turnover.	Chevron Corp.'s average receivable collection period deteriorated from 2015 to 2016 but then slightly improved from 2016 to 2017.

• Annual Data
• Quarterly Data

Chevron Corp., operating cycle calculation, comparison to benchmarks

No. of days

Source: Based on data from Chevron Corp. Annual Reports

2017 Calculations

Ratio	Description	The company
Operating cycle	Equal to average inventory processing period plus average receivables collection period.	Chevron Corp.'s operating cycle deteriorated from 2015 to 2016 but then improved from 2016 to 2017 not reaching 2015 level.

• Annual Data
• Quarterly Data

Chevron Corp., average payables payment period calculation, comparison to benchmarks

Source: Based on data from Chevron Corp. Annual Reports

2017 Calculations

Ratio	Description	The company
Average payables payment period	An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period.	Chevron Corp.'s average payables payment period increased from 2015 to 2016 but then slightly declined from 2016 to 2017 not reaching 2015 level.

• Annual Data
• Quarterly Data

Chevron Corp., cash conversion cycle calculation, comparison to benchmarks

No. of days

Source: Based on data from Chevron Corp. Annual Reports

2017 Calculations

Ratio	Description	The company
Cash conversion cycle	A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period.