Stock Analysis on Net
Stock Analysis on Net

ConocoPhillips (NYSE:COP)

Analysis of Short-term (Operating) Activity Ratios
Quarterly Data

Beginner level


Short-term Activity Ratios (Summary)

ConocoPhillips, short-term (operating) activity ratios (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Turnover Ratios
Inventory turnover 14.40 22.11 16.73 19.30 17.71 19.30 19.37 15.27 16.63 17.14 16.65 16.79 17.04 15.10 15.38 14.12 14.26 16.77 17.30
Receivables turnover 17.42 13.98 9.97 9.93 10.38 9.93 9.29 8.07 8.56 7.54 6.96 8.63 9.11 8.40 7.29 7.33 7.64 7.19 6.85
Payables turnover 6.86 5.54 5.40 5.85 5.33 5.13 5.05 4.87 4.99 4.72 4.40 5.08 5.11 4.74 4.31 4.24 4.38 4.40 3.97
Working capital turnover 3.51 4.18 3.30 3.72 5.32 5.82 6.19 4.76 6.46 5.00 4.09 2.83 2.77 8.15 13.94 11.02 12.57 12.79
Average No. Days
Average inventory processing period 25 17 22 19 21 19 19 24 22 21 22 22 21 24 24 26 26 22 21
Add: Average receivable collection period 21 26 37 37 35 37 39 45 43 48 52 42 40 43 50 50 48 51 53
Operating cycle 46 43 59 56 56 56 58 69 65 69 74 64 61 67 74 76 74 73 74
Less: Average payables payment period 53 66 68 62 68 71 72 75 73 77 83 72 71 77 85 86 83 83 92
Cash conversion cycle -7 -23 -9 -6 -12 -15 -14 -6 -8 -8 -9 -8 -10 -10 -11 -10 -9 -10 -18

Based on: 10-Q (filing date: 2020-08-04), 10-Q (filing date: 2020-05-05), 10-K (filing date: 2020-02-18), 10-Q (filing date: 2019-10-31), 10-Q (filing date: 2019-08-01), 10-Q (filing date: 2019-05-02), 10-K (filing date: 2019-02-19), 10-Q (filing date: 2018-10-30), 10-Q (filing date: 2018-07-31), 10-Q (filing date: 2018-05-01), 10-K (filing date: 2018-02-20), 10-Q (filing date: 2017-10-31), 10-Q (filing date: 2017-08-01), 10-Q (filing date: 2017-05-04), 10-K (filing date: 2017-02-21), 10-Q (filing date: 2016-11-01), 10-Q (filing date: 2016-08-02), 10-Q (filing date: 2016-05-03), 10-K (filing date: 2016-02-23), 10-Q (filing date: 2015-11-03), 10-Q (filing date: 2015-08-04), 10-Q (filing date: 2015-05-05).

Short-term activity ratio Description The company
Inventory turnover An activity ratio calculated as cost of goods sold divided by inventory. ConocoPhillips’s inventory turnover ratio improved from Q4 2019 to Q1 2020 but then deteriorated significantly from Q1 2020 to Q2 2020.
Receivables turnover An activity ratio equal to revenue divided by receivables. ConocoPhillips’s receivables turnover ratio improved from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. ConocoPhillips’s payables turnover ratio increased from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.
Working capital turnover An activity ratio calculated as revenue divided by working capital. ConocoPhillips’s working capital turnover ratio improved from Q4 2019 to Q1 2020 but then slightly deteriorated from Q1 2020 to Q2 2020 not reaching Q4 2019 level.

Short-term activity 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. ConocoPhillips’s number of days of inventory outstanding improved from Q4 2019 to Q1 2020 but then deteriorated significantly from Q1 2020 to Q2 2020.
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover. ConocoPhillips’s number of days of receivables outstanding improved from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.
Operating cycle Equal to average inventory processing period plus average receivables collection period. ConocoPhillips’s operating cycle improved from Q4 2019 to Q1 2020 but then slightly deteriorated from Q1 2020 to Q2 2020.
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. ConocoPhillips’s number of days of payables outstanding decreased from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.
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. ConocoPhillips’s cash conversion cycle improved from Q4 2019 to Q1 2020 but then deteriorated significantly from Q1 2020 to Q2 2020.

Inventory Turnover

ConocoPhillips, inventory turnover calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in millions)
Cost of operating revenues 2,177  3,834  4,085  4,041  4,092  4,946  5,348  4,897  4,377  4,885  4,766  4,150  4,249  4,483  4,290  4,345  3,447  3,579  4,272  5,103  5,028  5,039 
Inventories 982  726  1,026  955  1,089  1,014  1,007  1,239  1,093  1,053  1,060  1,023  1,019  1,097  1,018  1,108  1,150  1,072  1,124  1,143  1,277  1,233 
Short-term Activity Ratio
Inventory turnover1 14.40 22.11 16.73 19.30 17.71 19.30 19.37 15.27 16.63 17.14 16.65 16.79 17.04 15.10 15.38 14.12 14.26 16.77 17.30
Benchmarks
Inventory Turnover, Competitors2
Chevron Corp. 15.49 14.86 17.36 17.71 16.13 16.92 20.18 18.56 15.95 16.15 17.05 15.79 14.45 14.38 14.69 13.05 12.53 13.34 14.65
Exxon Mobil Corp. 7.62 10.74 9.75 10.42 10.09 10.47 10.17 10.22 9.77 9.36 9.55 9.17 9.76 9.82 9.03 8.86 8.89 9.40 10.19

Based on: 10-Q (filing date: 2020-08-04), 10-Q (filing date: 2020-05-05), 10-K (filing date: 2020-02-18), 10-Q (filing date: 2019-10-31), 10-Q (filing date: 2019-08-01), 10-Q (filing date: 2019-05-02), 10-K (filing date: 2019-02-19), 10-Q (filing date: 2018-10-30), 10-Q (filing date: 2018-07-31), 10-Q (filing date: 2018-05-01), 10-K (filing date: 2018-02-20), 10-Q (filing date: 2017-10-31), 10-Q (filing date: 2017-08-01), 10-Q (filing date: 2017-05-04), 10-K (filing date: 2017-02-21), 10-Q (filing date: 2016-11-01), 10-Q (filing date: 2016-08-02), 10-Q (filing date: 2016-05-03), 10-K (filing date: 2016-02-23), 10-Q (filing date: 2015-11-03), 10-Q (filing date: 2015-08-04), 10-Q (filing date: 2015-05-05).

1 Q2 2020 Calculation
Inventory turnover = (Cost of operating revenuesQ2 2020 + Cost of operating revenuesQ1 2020 + Cost of operating revenuesQ4 2019 + Cost of operating revenuesQ3 2019) ÷ Inventories
= (2,177 + 3,834 + 4,085 + 4,041) ÷ 982 = 14.40

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Inventory turnover An activity ratio calculated as cost of goods sold divided by inventory. ConocoPhillips’s inventory turnover ratio improved from Q4 2019 to Q1 2020 but then deteriorated significantly from Q1 2020 to Q2 2020.

Receivables Turnover

ConocoPhillips, receivables turnover calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in millions)
Sales and other operating revenues 2,749  6,158  7,708  7,756  7,953  9,150  9,666  9,449  8,504  8,798  8,119  6,688  6,781  7,518  6,809  6,415  5,348  5,121  6,293  7,262  8,293  7,716 
Accounts and notes receivable, net of allowance 1,399  2,116  3,267  3,478  3,490  3,701  3,920  4,319  3,750  4,032  4,179  3,222  3,020  3,105  3,249  3,163  3,144  3,753  4,314  4,332  5,044  5,246 
Short-term Activity Ratio
Receivables turnover1 17.42 13.98 9.97 9.93 10.38 9.93 9.29 8.07 8.56 7.54 6.96 8.63 9.11 8.40 7.29 7.33 7.64 7.19 6.85
Benchmarks
Receivables Turnover, Competitors2
Chevron Corp. 13.42 13.32 10.50 11.23 10.63 10.53 10.56 9.23 8.80 8.82 8.77 9.09 9.39 8.63 7.82 8.63 8.28 9.69 10.10

Based on: 10-Q (filing date: 2020-08-04), 10-Q (filing date: 2020-05-05), 10-K (filing date: 2020-02-18), 10-Q (filing date: 2019-10-31), 10-Q (filing date: 2019-08-01), 10-Q (filing date: 2019-05-02), 10-K (filing date: 2019-02-19), 10-Q (filing date: 2018-10-30), 10-Q (filing date: 2018-07-31), 10-Q (filing date: 2018-05-01), 10-K (filing date: 2018-02-20), 10-Q (filing date: 2017-10-31), 10-Q (filing date: 2017-08-01), 10-Q (filing date: 2017-05-04), 10-K (filing date: 2017-02-21), 10-Q (filing date: 2016-11-01), 10-Q (filing date: 2016-08-02), 10-Q (filing date: 2016-05-03), 10-K (filing date: 2016-02-23), 10-Q (filing date: 2015-11-03), 10-Q (filing date: 2015-08-04), 10-Q (filing date: 2015-05-05).

1 Q2 2020 Calculation
Receivables turnover = (Sales and other operating revenuesQ2 2020 + Sales and other operating revenuesQ1 2020 + Sales and other operating revenuesQ4 2019 + Sales and other operating revenuesQ3 2019) ÷ Accounts and notes receivable, net of allowance
= (2,749 + 6,158 + 7,708 + 7,756) ÷ 1,399 = 17.42

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Receivables turnover An activity ratio equal to revenue divided by receivables. ConocoPhillips’s receivables turnover ratio improved from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.

Payables Turnover

ConocoPhillips, payables turnover calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in millions)
Cost of operating revenues 2,177  3,834  4,085  4,041  4,092  4,946  5,348  4,897  4,377  4,885  4,766  4,150  4,249  4,483  4,290  4,345  3,447  3,579  4,272  5,103  5,028  5,039 
Accounts payable 2,060  2,900  3,176  3,148  3,618  3,815  3,863  3,887  3,642  3,824  4,009  3,378  3,401  3,494  3,631  3,686  3,746  4,088  4,895  5,173  5,833  6,706 
Short-term Activity Ratio
Payables turnover1 6.86 5.54 5.40 5.85 5.33 5.13 5.05 4.87 4.99 4.72 4.40 5.08 5.11 4.74 4.31 4.24 4.38 4.40 3.97
Benchmarks
Payables Turnover, Competitors2
Chevron Corp. 10.35 8.88 7.20 7.97 7.42 8.00 8.25 7.30 6.74 6.84 6.54 6.95 7.28 6.51 5.69 6.39 6.00 6.84 6.86

Based on: 10-Q (filing date: 2020-08-04), 10-Q (filing date: 2020-05-05), 10-K (filing date: 2020-02-18), 10-Q (filing date: 2019-10-31), 10-Q (filing date: 2019-08-01), 10-Q (filing date: 2019-05-02), 10-K (filing date: 2019-02-19), 10-Q (filing date: 2018-10-30), 10-Q (filing date: 2018-07-31), 10-Q (filing date: 2018-05-01), 10-K (filing date: 2018-02-20), 10-Q (filing date: 2017-10-31), 10-Q (filing date: 2017-08-01), 10-Q (filing date: 2017-05-04), 10-K (filing date: 2017-02-21), 10-Q (filing date: 2016-11-01), 10-Q (filing date: 2016-08-02), 10-Q (filing date: 2016-05-03), 10-K (filing date: 2016-02-23), 10-Q (filing date: 2015-11-03), 10-Q (filing date: 2015-08-04), 10-Q (filing date: 2015-05-05).

1 Q2 2020 Calculation
Payables turnover = (Cost of operating revenuesQ2 2020 + Cost of operating revenuesQ1 2020 + Cost of operating revenuesQ4 2019 + Cost of operating revenuesQ3 2019) ÷ Accounts payable
= (2,177 + 3,834 + 4,085 + 4,041) ÷ 2,060 = 6.86

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. ConocoPhillips’s payables turnover ratio increased from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.

Working Capital Turnover

ConocoPhillips, working capital turnover calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in millions)
Current assets 11,053  13,144  16,913  15,217  15,800  13,683  13,274  14,723  11,608  13,187  16,512  16,954  19,879  10,728  8,609  9,641  9,259  10,934  8,789  9,664  11,944  10,840 
Less: Current liabilities 4,105  6,075  7,043  5,942  8,996  7,370  7,395  7,401  6,638  7,109  9,397  7,131  9,926  7,526  6,909  7,537  7,348  8,825  9,256  8,287  8,734  9,563 
Working capital 6,948  7,069  9,870  9,275  6,804  6,313  5,879  7,322  4,970  6,078  7,115  9,823  9,953  3,202  1,700  2,104  1,911  2,109  (467) 1,377  3,210  1,277 
 
Sales and other operating revenues 2,749  6,158  7,708  7,756  7,953  9,150  9,666  9,449  8,504  8,798  8,119  6,688  6,781  7,518  6,809  6,415  5,348  5,121  6,293  7,262  8,293  7,716 
Short-term Activity Ratio
Working capital turnover1 3.51 4.18 3.30 3.72 5.32 5.82 6.19 4.76 6.46 5.00 4.09 2.83 2.77 8.15 13.94 11.02 12.57 12.79
Benchmarks
Working Capital Turnover, Competitors2
Chevron Corp. 39.55 414.01 77.75 38.78 35.92 42.24 23.20 24.21 61.29 126.93 163.64 109.31 103.91 26.18 14.81 47.31 14.63
Exxon Mobil Corp.

Based on: 10-Q (filing date: 2020-08-04), 10-Q (filing date: 2020-05-05), 10-K (filing date: 2020-02-18), 10-Q (filing date: 2019-10-31), 10-Q (filing date: 2019-08-01), 10-Q (filing date: 2019-05-02), 10-K (filing date: 2019-02-19), 10-Q (filing date: 2018-10-30), 10-Q (filing date: 2018-07-31), 10-Q (filing date: 2018-05-01), 10-K (filing date: 2018-02-20), 10-Q (filing date: 2017-10-31), 10-Q (filing date: 2017-08-01), 10-Q (filing date: 2017-05-04), 10-K (filing date: 2017-02-21), 10-Q (filing date: 2016-11-01), 10-Q (filing date: 2016-08-02), 10-Q (filing date: 2016-05-03), 10-K (filing date: 2016-02-23), 10-Q (filing date: 2015-11-03), 10-Q (filing date: 2015-08-04), 10-Q (filing date: 2015-05-05).

1 Q2 2020 Calculation
Working capital turnover = (Sales and other operating revenuesQ2 2020 + Sales and other operating revenuesQ1 2020 + Sales and other operating revenuesQ4 2019 + Sales and other operating revenuesQ3 2019) ÷ Working capital
= (2,749 + 6,158 + 7,708 + 7,756) ÷ 6,948 = 3.51

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Working capital turnover An activity ratio calculated as revenue divided by working capital. ConocoPhillips’s working capital turnover ratio improved from Q4 2019 to Q1 2020 but then slightly deteriorated from Q1 2020 to Q2 2020 not reaching Q4 2019 level.

Average Inventory Processing Period

ConocoPhillips, average inventory processing period calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data
Inventory turnover 14.40 22.11 16.73 19.30 17.71 19.30 19.37 15.27 16.63 17.14 16.65 16.79 17.04 15.10 15.38 14.12 14.26 16.77 17.30
Short-term Activity Ratio (no. days)
Average inventory processing period1 25 17 22 19 21 19 19 24 22 21 22 22 21 24 24 26 26 22 21
Benchmarks (no. days)
Average Inventory Processing Period, Competitors2
Chevron Corp. 24 25 21 21 23 22 18 20 23 23 21 23 25 25 25 28 29 27 25
Exxon Mobil Corp. 48 34 37 35 36 35 36 36 37 39 38 40 37 37 40 41 41 39 36

Based on: 10-Q (filing date: 2020-08-04), 10-Q (filing date: 2020-05-05), 10-K (filing date: 2020-02-18), 10-Q (filing date: 2019-10-31), 10-Q (filing date: 2019-08-01), 10-Q (filing date: 2019-05-02), 10-K (filing date: 2019-02-19), 10-Q (filing date: 2018-10-30), 10-Q (filing date: 2018-07-31), 10-Q (filing date: 2018-05-01), 10-K (filing date: 2018-02-20), 10-Q (filing date: 2017-10-31), 10-Q (filing date: 2017-08-01), 10-Q (filing date: 2017-05-04), 10-K (filing date: 2017-02-21), 10-Q (filing date: 2016-11-01), 10-Q (filing date: 2016-08-02), 10-Q (filing date: 2016-05-03), 10-K (filing date: 2016-02-23), 10-Q (filing date: 2015-11-03), 10-Q (filing date: 2015-08-04), 10-Q (filing date: 2015-05-05).

1 Q2 2020 Calculation
Average inventory processing period = 365 ÷ Inventory turnover
= 365 ÷ 14.40 = 25

2 Click competitor name to see calculations.

Short-term activity 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. ConocoPhillips’s number of days of inventory outstanding improved from Q4 2019 to Q1 2020 but then deteriorated significantly from Q1 2020 to Q2 2020.

Average Receivable Collection Period

ConocoPhillips, average receivable collection period calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data
Receivables turnover 17.42 13.98 9.97 9.93 10.38 9.93 9.29 8.07 8.56 7.54 6.96 8.63 9.11 8.40 7.29 7.33 7.64 7.19 6.85
Short-term Activity Ratio (no. days)
Average receivable collection period1 21 26 37 37 35 37 39 45 43 48 52 42 40 43 50 50 48 51 53
Benchmarks (no. days)
Average Receivable Collection Period, Competitors2
Chevron Corp. 27 27 35 32 34 35 35 40 41 41 42 40 39 42 47 42 44 38 36

Based on: 10-Q (filing date: 2020-08-04), 10-Q (filing date: 2020-05-05), 10-K (filing date: 2020-02-18), 10-Q (filing date: 2019-10-31), 10-Q (filing date: 2019-08-01), 10-Q (filing date: 2019-05-02), 10-K (filing date: 2019-02-19), 10-Q (filing date: 2018-10-30), 10-Q (filing date: 2018-07-31), 10-Q (filing date: 2018-05-01), 10-K (filing date: 2018-02-20), 10-Q (filing date: 2017-10-31), 10-Q (filing date: 2017-08-01), 10-Q (filing date: 2017-05-04), 10-K (filing date: 2017-02-21), 10-Q (filing date: 2016-11-01), 10-Q (filing date: 2016-08-02), 10-Q (filing date: 2016-05-03), 10-K (filing date: 2016-02-23), 10-Q (filing date: 2015-11-03), 10-Q (filing date: 2015-08-04), 10-Q (filing date: 2015-05-05).

1 Q2 2020 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 17.42 = 21

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover. ConocoPhillips’s number of days of receivables outstanding improved from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.

Operating Cycle

ConocoPhillips, operating cycle calculation (quarterly data)

No. days

Microsoft Excel LibreOffice Calc
Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data
Average inventory processing period 25 17 22 19 21 19 19 24 22 21 22 22 21 24 24 26 26 22 21
Average receivable collection period 21 26 37 37 35 37 39 45 43 48 52 42 40 43 50 50 48 51 53
Short-term Activity Ratio
Operating cycle1 46 43 59 56 56 56 58 69 65 69 74 64 61 67 74 76 74 73 74
Benchmarks
Operating Cycle, Competitors2
Chevron Corp. 51 52 56 53 57 57 53 60 64 64 63 63 64 67 72 70 73 65 61

Based on: 10-Q (filing date: 2020-08-04), 10-Q (filing date: 2020-05-05), 10-K (filing date: 2020-02-18), 10-Q (filing date: 2019-10-31), 10-Q (filing date: 2019-08-01), 10-Q (filing date: 2019-05-02), 10-K (filing date: 2019-02-19), 10-Q (filing date: 2018-10-30), 10-Q (filing date: 2018-07-31), 10-Q (filing date: 2018-05-01), 10-K (filing date: 2018-02-20), 10-Q (filing date: 2017-10-31), 10-Q (filing date: 2017-08-01), 10-Q (filing date: 2017-05-04), 10-K (filing date: 2017-02-21), 10-Q (filing date: 2016-11-01), 10-Q (filing date: 2016-08-02), 10-Q (filing date: 2016-05-03), 10-K (filing date: 2016-02-23), 10-Q (filing date: 2015-11-03), 10-Q (filing date: 2015-08-04), 10-Q (filing date: 2015-05-05).

1 Q2 2020 Calculation
Operating cycle = Average inventory processing period + Average receivable collection period
= 25 + 21 = 46

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Operating cycle Equal to average inventory processing period plus average receivables collection period. ConocoPhillips’s operating cycle improved from Q4 2019 to Q1 2020 but then slightly deteriorated from Q1 2020 to Q2 2020.

Average Payables Payment Period

ConocoPhillips, average payables payment period calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data
Payables turnover 6.86 5.54 5.40 5.85 5.33 5.13 5.05 4.87 4.99 4.72 4.40 5.08 5.11 4.74 4.31 4.24 4.38 4.40 3.97
Short-term Activity Ratio (no. days)
Average payables payment period1 53 66 68 62 68 71 72 75 73 77 83 72 71 77 85 86 83 83 92
Benchmarks (no. days)
Average Payables Payment Period, Competitors2
Chevron Corp. 35 41 51 46 49 46 44 50 54 53 56 52 50 56 64 57 61 53 53

Based on: 10-Q (filing date: 2020-08-04), 10-Q (filing date: 2020-05-05), 10-K (filing date: 2020-02-18), 10-Q (filing date: 2019-10-31), 10-Q (filing date: 2019-08-01), 10-Q (filing date: 2019-05-02), 10-K (filing date: 2019-02-19), 10-Q (filing date: 2018-10-30), 10-Q (filing date: 2018-07-31), 10-Q (filing date: 2018-05-01), 10-K (filing date: 2018-02-20), 10-Q (filing date: 2017-10-31), 10-Q (filing date: 2017-08-01), 10-Q (filing date: 2017-05-04), 10-K (filing date: 2017-02-21), 10-Q (filing date: 2016-11-01), 10-Q (filing date: 2016-08-02), 10-Q (filing date: 2016-05-03), 10-K (filing date: 2016-02-23), 10-Q (filing date: 2015-11-03), 10-Q (filing date: 2015-08-04), 10-Q (filing date: 2015-05-05).

1 Q2 2020 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 6.86 = 53

2 Click competitor name to see calculations.

Short-term activity 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. ConocoPhillips’s number of days of payables outstanding decreased from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.

Cash Conversion Cycle

ConocoPhillips, cash conversion cycle calculation (quarterly data)

No. days

Microsoft Excel LibreOffice Calc
Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data
Average inventory processing period 25 17 22 19 21 19 19 24 22 21 22 22 21 24 24 26 26 22 21
Average receivable collection period 21 26 37 37 35 37 39 45 43 48 52 42 40 43 50 50 48 51 53
Average payables payment period 53 66 68 62 68 71 72 75 73 77 83 72 71 77 85 86 83 83 92
Short-term Activity Ratio
Cash conversion cycle1 -7 -23 -9 -6 -12 -15 -14 -6 -8 -8 -9 -8 -10 -10 -11 -10 -9 -10 -18
Benchmarks
Cash Conversion Cycle, Competitors2
Chevron Corp. 16 11 5 7 8 11 9 10 10 11 7 11 14 11 8 13 12 12 8

Based on: 10-Q (filing date: 2020-08-04), 10-Q (filing date: 2020-05-05), 10-K (filing date: 2020-02-18), 10-Q (filing date: 2019-10-31), 10-Q (filing date: 2019-08-01), 10-Q (filing date: 2019-05-02), 10-K (filing date: 2019-02-19), 10-Q (filing date: 2018-10-30), 10-Q (filing date: 2018-07-31), 10-Q (filing date: 2018-05-01), 10-K (filing date: 2018-02-20), 10-Q (filing date: 2017-10-31), 10-Q (filing date: 2017-08-01), 10-Q (filing date: 2017-05-04), 10-K (filing date: 2017-02-21), 10-Q (filing date: 2016-11-01), 10-Q (filing date: 2016-08-02), 10-Q (filing date: 2016-05-03), 10-K (filing date: 2016-02-23), 10-Q (filing date: 2015-11-03), 10-Q (filing date: 2015-08-04), 10-Q (filing date: 2015-05-05).

1 Q2 2020 Calculation
Cash conversion cycle = Average inventory processing period + Average receivable collection period – Average payables payment period
= 25 + 2153 = -7

2 Click competitor name to see calculations.

Short-term activity 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. ConocoPhillips’s cash conversion cycle improved from Q4 2019 to Q1 2020 but then deteriorated significantly from Q1 2020 to Q2 2020.