Discontinued — last reported Q4 '22
Upstream — Inventory Write Down
Imperial Oil Upstream — 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
How to read this metric
An increase indicates declining commodity prices or oversupply, suggesting potential margin compression, while a decrease suggests stable or rising market prices for inventory.
Detailed definition
This metric represents the accounting adjustment made to reduce the carrying value of upstream oil and gas inventory whe...
Peer comparison
Commonly reported by integrated oil and gas companies as 'lower of cost or market' adjustments, often found in the notes to financial statements or within segment operating expenses.
imo_segment_upstream_inventory_write_downHistorical Data
| FY'21 | FY'22 | |
|---|---|---|
| Value | $74.00M | $74.00M |
| YoY Change | — | +0.0% |
Similar Metrics at Other Companies
Frequently Asked Questions
- What is Imperial Oil's upstream — inventory write down?
- Imperial Oil (IMO) reported upstream — inventory write down of $18.50M in Q4 2022.
- How has Imperial Oil's upstream — inventory write down changed year-over-year?
- Imperial Oil's upstream — inventory write down decreased by 0.0% year-over-year, from $18.50M to $18.50M.
- What does upstream — inventory write down mean?
- The reduction in the recorded value of oil and gas inventory because its market price has dropped below what it cost to produce.