Phillips 66 (PSX)

• Annual Data
• Quarterly Data

• Annual Data
• Quarterly Data

Phillips 66, short-term (operating) activity ratios

Based on: 10-K (filing date: 2018-02-23), 10-K (filing date: 2017-02-17), 10-K (filing date: 2016-02-19), 10-K (filing date: 2015-02-20), 10-K (filing date: 2014-02-21).

Ratio	Description	The company
Inventory turnover	An activity ratio calculated as cost of goods sold divided by inventory.	Phillips 66's inventory turnover deteriorated from 2015 to 2016 but then improved from 2016 to 2017 exceeding 2015 level.
Receivables turnover	An activity ratio equal to revenue divided by receivables.	Phillips 66'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.	Phillips 66's payables turnover declined from 2015 to 2016 but then slightly increased from 2016 to 2017.
Working capital turnover	An activity ratio calculated as revenue divided by working capital.	Phillips 66's working capital turnover improved from 2015 to 2016 but then slightly deteriorated from 2016 to 2017.

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.	Phillips 66's average inventory processing period deteriorated from 2015 to 2016 but then improved from 2016 to 2017 exceeding 2015 level.
Average receivable collection period	An activity ratio equal to the number of days in the period divided by receivables turnover.	Phillips 66'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.	Phillips 66's operating cycle deteriorated from 2015 to 2016 but then slightly improved from 2016 to 2017.
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.	Phillips 66's average payables payment period increased from 2015 to 2016 but then slightly declined from 2016 to 2017.
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

Phillips 66, inventory turnover calculation, comparison to benchmarks

Based on: 10-K (filing date: 2018-02-23), 10-K (filing date: 2017-02-17), 10-K (filing date: 2016-02-19), 10-K (filing date: 2015-02-20), 10-K (filing date: 2014-02-21).

2017 Calculations

Ratio	Description	The company
Inventory turnover	An activity ratio calculated as cost of goods sold divided by inventory.	Phillips 66's inventory turnover deteriorated from 2015 to 2016 but then improved from 2016 to 2017 exceeding 2015 level.

• Annual Data
• Quarterly Data

Phillips 66, receivables turnover calculation, comparison to benchmarks

Based on: 10-K (filing date: 2018-02-23), 10-K (filing date: 2017-02-17), 10-K (filing date: 2016-02-19), 10-K (filing date: 2015-02-20), 10-K (filing date: 2014-02-21).

2017 Calculations

Ratio	Description	The company
Receivables turnover	An activity ratio equal to revenue divided by receivables.	Phillips 66's receivables turnover deteriorated from 2015 to 2016 but then slightly improved from 2016 to 2017.

• Annual Data
• Quarterly Data

Phillips 66, payables turnover calculation, comparison to benchmarks

Based on: 10-K (filing date: 2018-02-23), 10-K (filing date: 2017-02-17), 10-K (filing date: 2016-02-19), 10-K (filing date: 2015-02-20), 10-K (filing date: 2014-02-21).

2017 Calculations

Ratio	Description	The company
Payables turnover	An activity ratio calculated as cost of goods sold divided by payables.	Phillips 66's payables turnover declined from 2015 to 2016 but then slightly increased from 2016 to 2017.

• Annual Data
• Quarterly Data

Phillips 66, working capital turnover calculation, comparison to benchmarks

Based on: 10-K (filing date: 2018-02-23), 10-K (filing date: 2017-02-17), 10-K (filing date: 2016-02-19), 10-K (filing date: 2015-02-20), 10-K (filing date: 2014-02-21).

2017 Calculations

Ratio	Description	The company
Working capital turnover	An activity ratio calculated as revenue divided by working capital.	Phillips 66's working capital turnover improved from 2015 to 2016 but then slightly deteriorated from 2016 to 2017.

• Annual Data
• Quarterly Data

Phillips 66, average inventory processing period calculation, comparison to benchmarks

Based on: 10-K (filing date: 2018-02-23), 10-K (filing date: 2017-02-17), 10-K (filing date: 2016-02-19), 10-K (filing date: 2015-02-20), 10-K (filing date: 2014-02-21).

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.	Phillips 66's average inventory processing period deteriorated from 2015 to 2016 but then improved from 2016 to 2017 exceeding 2015 level.

• Annual Data
• Quarterly Data

Phillips 66, average receivable collection period calculation, comparison to benchmarks

Based on: 10-K (filing date: 2018-02-23), 10-K (filing date: 2017-02-17), 10-K (filing date: 2016-02-19), 10-K (filing date: 2015-02-20), 10-K (filing date: 2014-02-21).

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.	Phillips 66's average receivable collection period deteriorated from 2015 to 2016 but then slightly improved from 2016 to 2017.

• Annual Data
• Quarterly Data

Phillips 66, operating cycle calculation, comparison to benchmarks

No. of days

Based on: 10-K (filing date: 2018-02-23), 10-K (filing date: 2017-02-17), 10-K (filing date: 2016-02-19), 10-K (filing date: 2015-02-20), 10-K (filing date: 2014-02-21).

2017 Calculations

Ratio	Description	The company
Operating cycle	Equal to average inventory processing period plus average receivables collection period.	Phillips 66's operating cycle deteriorated from 2015 to 2016 but then slightly improved from 2016 to 2017.

• Annual Data
• Quarterly Data

Phillips 66, average payables payment period calculation, comparison to benchmarks

Based on: 10-K (filing date: 2018-02-23), 10-K (filing date: 2017-02-17), 10-K (filing date: 2016-02-19), 10-K (filing date: 2015-02-20), 10-K (filing date: 2014-02-21).

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.	Phillips 66's average payables payment period increased from 2015 to 2016 but then slightly declined from 2016 to 2017.

• Annual Data
• Quarterly Data

Phillips 66, cash conversion cycle calculation, comparison to benchmarks

No. of days

Based on: 10-K (filing date: 2018-02-23), 10-K (filing date: 2017-02-17), 10-K (filing date: 2016-02-19), 10-K (filing date: 2015-02-20), 10-K (filing date: 2014-02-21).

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.