Discontinued — last reported Q4 '22
Business Segments · Inventory Write Down
Downstream — Inventory Write Down
Imperial Oil Downstream — Inventory Write Down remained flat by 0.0% to $18.50M in Q4 2022 compared to the prior quarter. Year-over-year, this metric was flat by 0.0%, from $18.50M to $18.50M. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementSegment
CategoryProfitability
SignalLower is better
VolatilityVolatile
First reportedQ1 2015
Last reportedQ4 2022
How to read this metric
An increase suggests declining market prices for refined products or potential obsolescence, while a decrease indicates stable or rising market conditions for inventory.
Detailed definition
This metric represents the reduction in the carrying value of inventory within the downstream segment when its market va...
Peer comparison
Commonly reported by integrated oil and gas companies as 'lower of cost or market' adjustments within downstream or refining segments.
Metric ID:
imo_segment_downstream_inventory_write_downHistorical Data
2 years
| FY'21 | FY'22 | |
|---|---|---|
| Value | $74.00M | $74.00M |
| YoY Change | — | +0.0% |
Range$74.00M – $74.00M
Avg YoY Growth+0.0%
Median YoY Growth+0.0%
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Frequently Asked Questions
- What is Imperial Oil's downstream — inventory write down?
- Imperial Oil (IMO) reported downstream — inventory write down of $18.50M in Q4 2022.
- How has Imperial Oil's downstream — inventory write down changed year-over-year?
- Imperial Oil's downstream — inventory write down decreased by 0.0% year-over-year, from $18.50M to $18.50M.
- What does downstream — inventory write down mean?
- The loss recognized when the market value of downstream inventory drops below the cost at which it is recorded on the balance sheet.