Ovintiv Days Of Inventory Outstanding from 2010 to 2024

OVV Stock  USD 45.42  0.07  0.15%   
Ovintiv Days Of Inventory Outstanding yearly trend continues to be fairly stable with very little volatility. Days Of Inventory Outstanding will likely drop to 0.81 in 2024. During the period from 2010 to 2024, Ovintiv Days Of Inventory Outstanding regression line of quarterly data had mean square error of  225.45 and geometric mean of  3.01. View All Fundamentals
 
Days Of Inventory Outstanding  
First Reported
2010-12-31
Previous Quarter
0.85
Current Value
0.81
Quarterly Volatility
16.73755601
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Ovintiv financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Ovintiv's main balance sheet or income statement drivers, such as Depreciation And Amortization of 1.7 B, Interest Expense of 467.4 M or Total Revenue of 7.9 B, as well as many indicators such as Price To Sales Ratio of 1.2, Dividend Yield of 0.0343 or PTB Ratio of 1.08. Ovintiv financial statements analysis is a perfect complement when working with Ovintiv Valuation or Volatility modules.
  
Check out the analysis of Ovintiv Correlation against competitors.
For more information on how to buy Ovintiv Stock please use our How to Invest in Ovintiv guide.

Latest Ovintiv's Days Of Inventory Outstanding Growth Pattern

Below is the plot of the Days Of Inventory Outstanding of Ovintiv over the last few years. It is Ovintiv's Days Of Inventory Outstanding historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Ovintiv's overall financial position and show how it may be relating to other accounts over time.
Days Of Inventory Outstanding10 Years Trend
Slightly volatile
   Days Of Inventory Outstanding   
       Timeline  

Ovintiv Days Of Inventory Outstanding Regression Statistics

Arithmetic Mean10.13
Geometric Mean3.01
Coefficient Of Variation165.29
Mean Deviation11.20
Median2.49
Standard Deviation16.74
Sample Variance280.15
Range56.2393
R-Value(0.50)
Mean Square Error225.45
R-Squared0.25
Significance0.06
Slope(1.88)
Total Sum of Squares3,922

Ovintiv Days Of Inventory Outstanding History

2024 0.81
2023 0.85
2021 0.74
2020 2.49
2018 0.77
2016 12.85
2015 4.67

About Ovintiv Financial Statements

Ovintiv investors use historical fundamental indicators, such as Ovintiv's Days Of Inventory Outstanding, to determine how well the company is positioned to perform in the future. Understanding over-time patterns can help investors decide on long-term investments in Ovintiv. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Days Of Inventory Outstanding 0.85  0.81 

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Additional Tools for Ovintiv Stock Analysis

When running Ovintiv's price analysis, check to measure Ovintiv's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ovintiv is operating at the current time. Most of Ovintiv's value examination focuses on studying past and present price action to predict the probability of Ovintiv's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ovintiv's price. Additionally, you may evaluate how the addition of Ovintiv to your portfolios can decrease your overall portfolio volatility.